Commercial Duplex Office
211 E Cleveland Avenue Guthrie, OK 73044
For Sale
$495,000
Brand-new duplex with one leased and one vacant unit, each offering multiple private offices and rear garage access.
Days on Market149
Property Features for 211 E Cleveland Avenue
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1935
Listing Agency:
Collection 7 Realty
(405) 990-3492
Listed By:
Whitney Heskett
(405) 990-3492
Source:
Capitalrealestateok
Added: Mar 2
Changed: Jul 28
Last Checked: Jul 29 at 12:52PM
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 Collection 7 Realty
Investment Insights
Based on property information with market context.
Brand-new construction commercial duplex featuring two office suites. One unit is currently leased, and the other unit is vacant and ready for an owner-user or a new tenant. Each suite includes multiple private offices and flexible workspace, with modern finishes throughout.
The property is located in downtown Guthrie at 211 E Cleveland Avenue. Convenient alley access is available, along with a rear garage entrance that can support secure parking, storage, or deliveries.
With two separate suites in a low-maintenance, newly built configuration, the property offers a straightforward setup for investors seeking income from an existing lease while retaining the option to occupy the vacant suite.
The property is located in downtown Guthrie at 211 E Cleveland Avenue. Convenient alley access is available, along with a rear garage entrance that can support secure parking, storage, or deliveries.
With two separate suites in a low-maintenance, newly built configuration, the property offers a straightforward setup for investors seeking income from an existing lease while retaining the option to occupy the vacant suite.
Key Highlights
- Commercial duplex built in 1935 with one unit currently leased and the other vacant
- Each suite includes multiple private offices for flexible workspaces
- Modern finishes throughout both units
Financial Insights For Office B
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 | $51.5k | $15.24 |
| − Vacancy | −$13.3k | −$3.93 |
| EGI | $38.2k | $11.31 |
| − OpEx | −$9.5k | −$2.83 |
| NOI | $28.6k | $8.48 |
3,376 SF · lease $15.24/SF/yr · vacancy 25.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$409.0K
$357.9K – $477.2K
NOI $28,632 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$816.0K
$714.0K – $952.0K
NOI $57,122 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Brand-new duplex with one leased and one vacant unit, each offering multiple private offices and rear garage access.
Where is this office units located?
The property is located at 211 E Cleveland Avenue Guthrie, OK.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Commercial duplex built in 1935 with one unit currently leased and the other vacant; Each suite includes multiple private offices for flexible workspaces; Modern finishes throughout both units
