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 Market93
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) 685-7880
Source:
Cheathamrealty
Added: Jul 28
Changed: Oct 25
Last Checked: Oct 26 at 5:14PM
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.
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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 / Yr
$21,988
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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
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Market
Vacancy Rate% for Retail in South region
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
