Retail Space with Major
For Sale
$495,000
1620 W Shawnee Bypass, Muskogee, OK 74401
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 Market47
Property Features for 1620 W Shawnee Bypass
General Information
Standard status
Active
Size
2,150 SF
Lot size
1.29 Acres
Zoning
I-1
Building Details
Year Built
1974
Listing Agency:
Interstate Properties, Inc.
Listed By:
Earnie Gilder · License #45081
(918) 781-9197
Source:
Cheathamrealty
Added: Jul 28
Changed: Sep 8
Last Checked: Sep 12 at 1:12PM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,988
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$439,760
$439.8K
Cap Rate 7%
$314,114
$314.1K
Cap Rate 9%
$244,311
$244.3K
Market Conditions
NOI Build-Up for 2,150 SF
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.
Gross rent
$32.3K $15.00/SF
− Vacancy
−$839 −$0.39/SF
EGI
$31.4K $14.61/SF
− OpEx
−$9.4K −$4.38/SF
NOI
$22.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$439,760
Cap Rate 7%
$314,114
Cap Rate 9%
$244,311
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
168k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 29%
Dining 29%
Home Improvements & Furnishings 23%
Apparel 18%
Lowe's
Home Improvements & Furnishings
37,476 visits/mo
0.3 miles
QuikTrip
Shops & Services
30,498 visits/mo
0.4 miles
Braum's Ice Cream & Dairy Stores
Dining
29,241 visits/mo
0.3 miles
Dunham's Sports
Apparel
21,720 visits/mo
0.4 miles
Ollie's Bargain Outlet
Shops & Services
16,869 visits/mo
0.2 miles
Demographics for 74401, OK
16,181
Population
7,818
Households
2.1
Avg Household Size
40
Median Age
16%
College-Educated
85%
High-School Grad
110.9 sq mi
ZIP Area
146
Density / Sq Mi
$39,767
Median Household Income
$32,700
Median Earnings
$827
Median Rent
$122,300
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
