Renovated Historic Downtown
For Sale
$179,900
131 N Lee, Fort Gibson, OK 74434
Updated systems support boutique retail, office, studio, or specialty business use.
Property Size1,610 SF
Price / SF$111.74
Days on Market80
Property Features for 131 N Lee
General Information
Standard status
Active
Size
1,610 SF
Total Parking Spaces
3
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1900
Construction
fire treated structural wood
Listing Agency:
CG Realty Group LLC
Listed By:
Amber Quillman
(888) 220-0988
Source:
Alloverok
Added: Jul 29
Changed: Oct 5
Last Checked: Oct 7 at 1:07PM
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 CG Realty Group LLC
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Investment Insights
Based on property information with market context.
This distinctive downtown storefront in Fort Gibson combines historic character with substantial modernization. The building has been fully renovated to meet current city code requirements, with fire-treated structural wood, a newer HVAC system approximately one year old, and a newer roof carrying a 25 year transferable warranty issued in 2019. The property is fully electric and connected to city water.
Located at 131 N Lee in the downtown district, the property benefits from approximately 5 to 6 city-hosted events annually that support local foot traffic and visibility. On-site parking accommodates approximately 2 to 3 vehicles, a practical feature for a downtown commercial setting. The space is suited to boutique retail, office, studio, or specialty business use.
Located at 131 N Lee in the downtown district, the property benefits from approximately 5 to 6 city-hosted events annually that support local foot traffic and visibility. On-site parking accommodates approximately 2 to 3 vehicles, a practical feature for a downtown commercial setting. The space is suited to boutique retail, office, studio, or specialty business use.
Key Highlights
- Fully renovated storefront meeting current city code requirements
- Newer HVAC system approximately one year old
- Newer roof with a 25 year transferable warranty issued in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,465
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,300
$329.3K
Cap Rate 7%
$235,214
$235.2K
Cap Rate 9%
$182,944
$182.9K
Market Conditions
NOI Build-Up for 1,610 SF
Gross rent
$24.2K $15.00/SF
− Vacancy
−$628 −$0.39/SF
EGI
$23.5K $14.61/SF
− OpEx
−$7.1K −$4.38/SF
NOI
$16.5K $10.23/SF
Area
Muskogee County, OK
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,300
Cap Rate 7%
$235,214
Cap Rate 9%
$182,944
Alternative Uses
Best Use
Office B
$249.6K
$218.4K – $291.3K
NOI $17,475 @ 7.0% cap · market cap 9.71%
Second Best
Retail
$235.2K
$205.8K – $274.4K
NOI $16,465 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$337.0K
$294.9K – $393.2K
NOI $23,589 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 74434, OK
8,889
Population
4,015
Households
2.2
Avg Household Size
40
Median Age
32%
College-Educated
94%
High-School Grad
123.2 sq mi
ZIP Area
72
Density / Sq Mi
$72,454
Median Household Income
$44,019
Median Earnings
$787
Median Rent
$181,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- A Flower Can — 910 S Lee St, Fort Gibson, OK 74434
Frequently Asked Questions
What type of property is this?
Storefront property - Updated systems support boutique retail, office, studio, or specialty business use.
Where is this storefront property located?
The property is located at 131 N Lee Fort Gibson, OK.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Fully renovated storefront meeting current city code requirements; Newer HVAC system approximately one year old; Newer roof with a 25 year transferable warranty issued in 2019
