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Building Details

Year Built 1935

Listing Agency: Collection 7 Realty

Listed By: Whitney Heskett Show Phone

Source: Oklahomerealestate

Added: Aug 15 Changed: Oct 9 Last Checked: Oct 15 at 4:03AM

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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.

This 3,376-square-foot office building is arranged as a commercial duplex with two separate suites. Each side includes multiple private offices, adaptable workspace, and modern interior finishes. One suite is leased, while the other is vacant for an owner-user or incoming tenant.

The property is located in downtown Guthrie at 211 E Cleveland Ave. Alley access leads to a rear garage entrance that can support parking, storage, or deliveries. The two-suite configuration combines an existing lease with available office space in a centrally located commercial setting.

Key Highlights

• 3,376‑square‑foot office building configured as two separate suites
• One suite is leased; the second is vacant for an owner‑user or new tenant
• Multiple private offices and flexible workspace in each suite

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,632

Cap Rate

5.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$572,640 $572.6K

Cap Rate 7%

$409,029 $409.0K

Cap Rate 9%

$318,133 $318.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,376 SF

Gross rent

$51.5K $15.24/SF

− Vacancy

−$13.3K −$3.93/SF

EGI

$38.2K $11.31/SF

− OpEx

−$9.5K −$2.83/SF

NOI

$28.6K $8.48/SF

Area

Logan County, OK

Vacancy

25.80%

Lease Rate

$15.24 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$572,640

Cap Rate 7%

$409,029

Cap Rate 9%

$318,133

Alternative Uses

Best Use

Office B

$409.0K

$357.9K – $477.2K (±1% cap)

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 (±1% cap)

NOI $57,122 @ 7.0% cap · market cap 11.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Gooch Smith Electric ... Electrical Service Okie Cookies Catering Take-out & Catering Logan County Drug ... Medical Clinic

Suggested Use

Top Pick HVAC Service Building Supply Skin Care Clinic (Bike/Boat/Book/etc) Store Catering Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Office units

Location Intelligence

Trade Area within ½ mile

644

Businesses Nearby

Explore this area Business Placement

Demographics for 73044, OK

24,603

Population

10,050

Households

2.4

Avg Household Size

39

Median Age

24%

College-Educated

91%

High-School Grad

264.7 sq mi

ZIP Area

93

Density / Sq Mi

$71,442

Median Household Income

$39,284

Median Earnings

$890

Median Rent

$200,100

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Two suites provide private offices, flexible workspace, and access to a rear garage entrance.

Where is this office building located?

The property is located at 211 E Cleveland Ave 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: 3,376‑square‑foot office building configured as two separate suites; One suite is leased; the second is vacant for an owner‑user or new tenant; Multiple private offices and flexible workspace in each suite