Medicine Park Retail
181 Forest Ave Medicine Park, OK 73557
Commercial Sale, Other - Medicine Park, OK
Property size:
3,500 SFPrice / SF:
$207/SF- Added:
- Mar 4, 2026
- Days on Market:
- 128
- Last Refresh:
- Jul 10 at 8:06 am
Property Features for 181 Forest Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- Size
- 3,500 SF
Building Details
- Year built
- 1999
- Architectural style
- Other
Listing agent Brenda Spencer-Ragland License #183998,PersonLicenseNumber (580) 699-7653
Listing office NextHome Tri-Covenant Realty 1001 SW B Ave, Suite 150 & 160, OK (580) 512-0591
Listing date Mar 4, 2026
MLS# 170669
Listing URL
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Medicine Park, Oklahoma, this approximately 3,500 sq. ft. retail building is situated in a popular tourist and resort destination. The property, located at 181 Forest Avenue, has been home to a successful retail business for over 23 years. The flexible commercial layout is suited for retail, boutique, gallery, specialty shop, or other commercial ventures. The building features a durable metal roof and a cobblestone exterior with vinyl siding. The main level includes two customer restrooms and a versatile retail space. Toward the rear, there is a potential kitchen or service area equipped with a three-compartment sink. The second level offers potential living space or additional workspace, featuring 3/4 bathrooms and an additional kitchen sink, cabinets, and refrigerator, making it suitable for a variety of residential or mixed-use possibilities. The property offers views and a small-town atmosphere that attracts visitors year-round. The property has potential for business or mixed-use use.
Key Highlights
- Prime location in the heart of Medicine Park, a popular tourist destination, ensuring high visibility and foot traffic.
- Established commercial property with a 23+ year history of successful retail business, demonstrating strong business potential.
- Flexible 3,500 sq. ft. layout suitable for retail, boutique, gallery, specialty shop, or other commercial ventures.
Local 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 | $74.3k | $21.24 |
| − Vacancy | −$7.7k | −$2.19 |
| EGI | $66.7k | $19.05 |
| − OpEx | −$20.0k | −$5.72 |
| NOI | $46.7k | $13.34 |
3,500 SF · lease $21.24/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$666.8K
$583.5K – $778.0K
NOI $46,678 @ 7.0% cap · market cap 6.44%
Second Best
Mixed Use
$320.6K
$280.6K – $374.1K
NOI $22,444 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$860.7K
$753.1K – $1.00M
NOI $60,248 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 3,500 sq ft retail building in tourist destination.
Where is this retail space located?
The property is located at 181 Forest Ave Medicine Park, OK.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Prime location in the heart of Medicine Park, a popular tourist destination, ensuring high visibility and foot traffic.; Established commercial property with a 23+ year history of successful retail business, demonstrating strong business potential.; Flexible **3,500 sq. ft. layout** suitable for retail, boutique, gallery, specialty shop, or other commercial ventures.
