Commercial Land with Highway
New
For Sale
$370,000
1307 N Wood Drive, Okmulgee, OK 74447
Commercial, Okmulgee, OK
Property Size2,900 SF
Lot Size0.08 Acres
Price / SF$127.59
Days on Market3
Property Features for 1307 N Wood Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
com'land
Interior features
9' Ceiling Height
Elementary school district
Okmulgee - Sch Dist (91)
Middle school district
Okmulgee - Sch Dist (91)
High school district
Okmulgee - Sch Dist (91)
Directions
Hwy 75 to Okmulgee. Shop and lots are directly across 75 from Love's convenience store.
Standard status
Active
APN
1358-00-007-009-0-001-00
Size
2,900 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WASHINGTON - OKMULGEE LOT 9 BLK 7
Tax Annual Amount
194
Legal Description
WASHINGTON - OKMULGEE LOT 9 BLK 7
Building Details
Year built
1998
Building materials
Aluminum
Roof type
Metal
Listing Agency:
Realty One Group Dreamers
(539) 367-1555
Listed By:
Baharak Ranjbar · License #147259
(918) 340-4361
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 6 at 10:06AM
MLS# 2639977
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This commercial land offering comprises five lots and includes a 2,900-square-foot metal shop constructed in 1998. The building previously served as an automotive and tire shop and has a metal roof and 9-foot ceilings. If an offer is acceptable, the seller will arrange and pay for required permits and remove the building and other structures before closing.
The property has approximately 270 feet of frontage on Highway 75 and sits directly opposite Love’s Travel Stop. The stated lot area is 0.077 acres.
The property has approximately 270 feet of frontage on Highway 75 and sits directly opposite Love’s Travel Stop. The stated lot area is 0.077 acres.
Key Highlights
- Five lots with approximately 270 feet of frontage on Highway 75
- 2,900‑square‑foot metal shop built in 1998
- Former automotive and tire shop with 9‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,058
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,160
$641.2K
Cap Rate 7%
$457,971
$458.0K
Cap Rate 9%
$356,200
$356.2K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$48.7K $16.80/SF
− Vacancy
−$2.9K −$1.01/SF
EGI
$45.8K $15.79/SF
− OpEx
−$13.7K −$4.74/SF
NOI
$32.1K $11.05/SF
Area
Okmulgee County, OK
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,160
Cap Rate 7%
$457,971
Cap Rate 9%
$356,200
Alternative Uses
Best Use
Retail
$458.0K
$400.7K – $534.3K
NOI $32,058 @ 7.0% cap · market cap 8.66%
Second Best
Industrial
$199.2K
$174.3K – $232.4K
NOI $13,941 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$684.1K
$598.6K – $798.1K
NOI $47,885 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
Demographics for 74447, OK
15,534
Population
7,295
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
231.8 sq mi
ZIP Area
67
Density / Sq Mi
$45,855
Median Household Income
$30,851
Median Earnings
$801
Median Rent
$101,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Five lots include an existing metal shop, with seller-funded removal available before closing under an acceptable offer.
Where is this commercial land located?
The property is located at 1307 N Wood Drive Okmulgee, OK.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Five lots with approximately 270 feet of frontage on Highway 75; 2,900‑square‑foot metal shop built in 1998; Former automotive and tire shop with 9‑foot ceilings
