Remodeled Flex Industrial
For Sale
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1907 N 11th Street 1, Muskogee, OK 74401
Remodeled flex/industrial building with insulated TPO roof, multiple HVAC units, conference/assembly space, and fenced covered parking.
Property Size5,758 SF
Price / SF$0.50
Days on Market93
Property Features for 1907 N 11th Street 1
General Information
Standard status
Active
Size
5,758 SF
Total Parking Spaces
4
Zoning
C-2
Site & Location
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Drive-In Doors
1
Voltage
220 V
Amenities
conference/assembly space
Building Details
Year Built
1970
Buildings
2
Stories
2
Building Size
5,758 SF
Listing Agency:
Interstate Properties, Inc.
Listed By:
Holly Rosser-Miller · License #147151
(918) 348-9848
Source:
Cheathamrealty
Added: Jul 28
Changed: Oct 25
Last Checked: Oct 26 at 9:10PM
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.
This remodeled flex industrial facility offers a main ground-floor layout of 4,485 square feet with three entrances plus two additional service entrances. The interior includes a dozen rooms and a large 15’ x 35’ conference/assembly space. Improvements include five HVAC units, an insulated TPO roof, and updated bathrooms, flooring, and paint. Upstairs, there is an additional 1,273 square feet of climate-controlled unfinished space suitable for expansion or storage.
Behind the main building, a fenced area with a gate includes four covered parking spaces, a large shop area, and a 20’ x 28’ garage with a 12’ x 12’ overhead door. There is 220v electric service available, and the facility’s working area includes the main building and the shop building behind it, totaling 9,336 square feet.
The property is zoned C-2 and is located in the Muskogee area near the Shawnee Bypass corridor, with access described from N 11th St.
Behind the main building, a fenced area with a gate includes four covered parking spaces, a large shop area, and a 20’ x 28’ garage with a 12’ x 12’ overhead door. There is 220v electric service available, and the facility’s working area includes the main building and the shop building behind it, totaling 9,336 square feet.
The property is zoned C-2 and is located in the Muskogee area near the Shawnee Bypass corridor, with access described from N 11th St.
Key Highlights
- Remodeled flex/industrial property with an insulated TPO roof and multiple HVAC units (5 HVAC units).
- Main building offers 4,485 SF ground‑floor space with three entrances plus two additional service entrances.
- Includes a 15' x 35' conference/assembly space and a dozen rooms for flexible use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,924
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,480
$578.5K
Cap Rate 7%
$413,200
$413.2K
Cap Rate 9%
$321,378
$321.4K
Market Conditions
NOI Build-Up for 5,758 SF
Gross rent
$44.9K $7.80/SF
− Vacancy
−$3.6K −$0.62/SF
EGI
$41.3K $7.18/SF
− OpEx
−$12.4K −$2.15/SF
NOI
$28.9K $5.02/SF
Area
Muskogee County, OK
Vacancy
8.00%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,480
Cap Rate 7%
$413,200
Cap Rate 9%
$321,378
Alternative Uses
Best Use
Flex RnD
$531.5K
$465.1K – $620.1K
NOI $37,205 @ 7.0% cap · market cap 1,282.93%
Second Best
Industrial
$413.2K
$361.6K – $482.1K
NOI $28,924 @ 7.0% cap · market cap 997.38%
Theoretical Best
Office A
$1.21M
$1.05M – $1.41M
NOI $84,365 @ 7.0% cap · market cap 2,909.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Remodeled flex/industrial building with insulated TPO roof, multiple HVAC units, conference/assembly space, and fenced covered parking.
Where is this flex space located?
The property is located at 1907 N 11th Street 1 Muskogee, OK.
What are key features of this property?
This property features: Remodeled flex/industrial property with an insulated TPO roof and multiple HVAC units (5 HVAC units).; Main building offers 4,485 SF ground‑floor space with three entrances plus two additional service entrances.; Includes a 15' x 35' conference/assembly space and a dozen rooms for flexible use.
