Retail Space with Major
1620 W Shawnee Bypass Muskogee, OK 74401
For Sale
Contact for pricing
Retail space zoned I-1 with substantial frontage along the Shawnee corridor in Muskogee.
Property Size2,150 SF
Lot Size1.29 Acres
Price / SF$230.23
Days on Market2446
Property Features for 1620 W Shawnee Bypass
General Information
Standard status
Active
Size
2,150 SF
Lot size
1.29 Acres
Property subtype
RETAIL
Listing Agency:
Interstate Properties Inc.
(918) 685-7880
Listed By:
Earnie Gilder · License #45081
(918) 685-7880
Source:
Moodyscre
Added: Nov 18, 2019
Changed: Jul 29
Last Checked: Jul 29 at 11:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Interstate Properties Inc.
Investment Insights
Based on property information with market context.
Retail space offering building and property only, with the option for the business to be purchased. The property is zoned I-1 and fronts the Shawnee corridor.
The site is located at 1620 W Shawnee Bypass in Muskogee, OK, with frontage described as 132 x 425.
Measuring 2,150 SF, the building presents a commercial retail setting aligned with the corridor’s established retail focus, while the I-1 zoning provides flexibility for appropriate uses within that land-use category.
The site is located at 1620 W Shawnee Bypass in Muskogee, OK, with frontage described as 132 x 425.
Measuring 2,150 SF, the building presents a commercial retail setting aligned with the corridor’s established retail focus, while the I-1 zoning provides flexibility for appropriate uses within that land-use category.
Key Highlights
- Zoned I‑1
- Frontage of 132 x 425 along the Shawnee corridor
- Building and property sale; business can be purchased
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $15.00 |
| − Vacancy | −$839 | −$0.39 |
| EGI | $31.4k | $14.61 |
| − OpEx | −$9.4k | −$4.38 |
| NOI | $22.0k | $10.23 |
2,150 SF · lease $15.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$314.1K
$274.9K – $366.5K
NOI $21,988 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$450.0K
$393.8K – $525.0K
NOI $31,501 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail space zoned I-1 with substantial frontage along the Shawnee corridor in Muskogee.
Where is this retail space located?
The property is located at 1620 W Shawnee Bypass Muskogee, OK.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Zoned I‑1; Frontage of 132 x 425 along the Shawnee corridor; Building and property sale; business can be purchased
