Retail Location on Shawnee
For Sale
Contact for pricing
Pending
1620 W Shawnee St, Muskogee, OK 74401
Retail building and property for sale in growing Muskogee area.
Property Size2,150 SF
Days on Market1438
Property Features for 1620 W Shawnee St
General Information
Standard status
Pending
Size
2,150 SF
Class
B
Property subtype
Retail
Building Details
Year Built
1974
Buildings
1
Stories
1
Listing Agency:
Interstate Properties Inc
(918) 781-9197
Listed By:
Earnie Gilder · License #OK
Source:
Crexi
Added: Sep 19, 2022
Changed: Aug 15
Last Checked: Aug 25 at 11:35AM
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.
This property features a retail building and land located along the Shawnee corridor, an area noted as the fastest growing retail area in Muskogee. The property has frontage measuring 132 x 425. It is zoned I-1. The listing includes the building and property; the business is available for separate purchase. The building size is 2150 square feet.
Key Highlights
- Excellent retail location on the rapidly growing Shawnee corridor in Muskogee.
- Zoning I‑1 allows for a variety of commercial uses.
- Substantial 132 feet of frontage and a depth of 425 feet.
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
3.52%
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 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$450.0K
$393.8K – $525.0K
NOI $31,501 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Home Improvements & Furnishings 27%
Shops & Services 11%
Panda Express
Dining
17,905 visits/mo
0.4 miles
Tractor Supply Co.
Home Improvements & Furnishings
12,975 visits/mo
0.4 miles
Buffalo Wild Wings
Dining
11,438 visits/mo
0.4 miles
James Hodge Toyota
Shops & Services
2,835 visits/mo
0.4 miles
Tommy Nix Chrysler Dodge Jeep Ram of Muskogee - Ram
Shops & Services
1,426 visits/mo
0.1 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
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 building and property for sale in growing Muskogee area.
Where is this retail space located?
The property is located at 1620 W Shawnee St Muskogee, OK.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Excellent retail location on the rapidly growing Shawnee corridor in Muskogee.; Zoning I‑1 allows for a variety of commercial uses.; Substantial 132 feet of frontage and a depth of 425 feet.
