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    Renovated Office Building on Acreage Title is generated by Realmo AI

    200 Sigma Place, Guthrie, OK 73044

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    For Sale
    $1,200,000

    SINGLE_FAMILY - Guthrie, OK

    Type:Office
    Property size:
    4,960 SF
    Lot size:
    6.00 Acres
    Price / SF:
    $241/SF
    Added:
    May 27, 2026
    Days on Market:
    2
    Last Refresh:
    May 28 at 1:06 am

    Property Features for 200 Sigma Place

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    Industrial
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    200NONESigma73044
    Size
    4,960 SF
    Lot size
    6.00 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1978
    Floors in Building
    1
    Building materials
    Stone

    We can help!

    Listing Contact
    Wrenda Cockrell
    Wrenda Cockrell

    Listing agent Wrenda Cockrell License #146036

    Listing office Keller Williams Central OK GUT 104 West Springer, Edmond, OK

    Listing date May 27, 2026

    MLS# 1231112

    Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully renovated 4,960 sq ft commercial office building
    • Located on approximately 6 acres with room to expand
    • Proven rental history of $8,000 per month
    • Multiple private offices, large conference room, and updated kitchenettes
    • ADA‑accessible parking and accessibility features
    • Proximity to Guthrie's main commercial corridor and municipal airport

    Overview

    This renovated commercial office building in Guthrie, Oklahoma, offers 4,960 square feet of office space on approximately 6 acres. The building features multiple private offices connected by hallways, a large conference room, and two updated kitchenettes with marble-look countertops and shaker cabinetry. The restrooms are fully updated with modern tile and new vanities. The property includes updated wood-look tile and carpet flooring, a glass-front lobby entry, fire suppression, multiple HVAC units, and ADA-accessible parking. The rear of the building offers additional flex space suitable for conference, open work area, or storage, all connected and climate controlled. The property's acreage provides room to expand and has a park-like feel. It is located near Guthrie's main commercial corridor and municipal airport. Suitable uses include professional office, medical or behavioral health, nonprofit, faith-based, training facility, or government use. The property has a proven rental history.
    Property Profile Location Intelligence

    Current Use by Public Records

    Logan County Abstract Title Company American Eagle Title ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Guthrie
    County
    Logan
    State
    Oklahoma
    Longitude
    -97.425845
    Latitude
    35.859342

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    FAQs

    What type of property is this?
    Office building - Move-in ready office building with expansion potential in Guthrie, Oklahoma.
    Where is this office building located?
    The property is located at 200 Sigma Place Guthrie, OK.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Fully renovated 4,960 sq ft commercial office building; Located on approximately 6 acres with room to expand; Proven rental history of $8,000 per month
    (405) 919-9591
    We can help!
    Listing Contact
    Wrenda Cockrell
    Wrenda Cockrell
    Real Estate License ID: 146036
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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