Two-Level Retail Building with Living
181 Forest Ave Medicine Park, OK 73557
181 Forest Ave, Medicine Park, OK, 73557
$725,000
For Sale
$725,000
Commercial Sale, Other - Medicine Park, OK
Property Size3,500 SF
Price / SF$207.14
Days on Market135
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 Agency
NextHome Tri-Covenant Realty
(580) 512-0591
1001 SW B Ave, Suite 150 & 160, OK
Listed by
Brenda Spencer-Ragland · License #183998,PersonLicenseNumber
(580) 699-7653
Added: Mar 4 Checked: Jul 17 at 2:06 am
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.
For sale is a two-level retail building at 181 Forest Ave in Medicine Park, Oklahoma. The property includes an approximately 3,500-square-foot main level with a versatile retail layout and two customer restrooms. Toward the rear, there is a potential kitchen or service area equipped with a three-compartment sink.
The building’s exterior combines a durable metal roof with cobblestone detailing and vinyl siding. The second level includes potential living space or additional workspace, with 3/4 bathrooms and an additional kitchen sink, cabinets, and a refrigerator.
This structure is set up to support retail uses, and the upper-level configuration adds flexibility for residential or mixed-use arrangements, depending on how the space is finished and operated.
The building’s exterior combines a durable metal roof with cobblestone detailing and vinyl siding. The second level includes potential living space or additional workspace, with 3/4 bathrooms and an additional kitchen sink, cabinets, and a refrigerator.
This structure is set up to support retail uses, and the upper-level configuration adds flexibility for residential or mixed-use arrangements, depending on how the space is finished and operated.
Key Highlights
- Approximately 3,500 SF commercial retail building at 181 Forest Avenue in Medicine Park, OK
- Built in 1999 with a durable metal roof and cobblestone exterior with vinyl siding
- Main level includes a versatile retail space plus two customer restrooms
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
—
—
no second resolved use
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 - Two-level retail building with metal roof, cobblestone exterior, and rear service area plus upper bathrooms and kitchen fixtures.
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: Approximately 3,500 SF commercial retail building at 181 Forest Avenue in Medicine Park, OK; Built in 1999 with a durable metal roof and cobblestone exterior with vinyl siding; Main level includes a versatile retail space plus two customer restrooms
