Two-Suite Office
New
For Sale
$495,000
211 E Cleveland Avenue, Guthrie, OK 73044
Commercial Sale, Guthrie, OK
Property Size3,376 SF
Lot Size2.00 Acres
Price / SF$146.62
Days on Market1
Property Features for 211 E Cleveland Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Directions
Across from united grocery store on Cleveland
Standard status
Active
APN
211ECleveland73044
Size
3,376 SF
Lot size
2.00 Acres
Building Details
Year built
1935
Listing Agency:
Collection 7 Realty
(405) 562-7900
Listed By:
Whitney Heskett
(405) 990-3492
Added: Oct 16
Last Checked: Oct 16 at 7:06PM
MLS# 1254248
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.
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Investment Insights
Based on property information with market context.
This two-suite office building at 211 E Cleveland Avenue in Guthrie contains 3,376 square feet on a 2-acre lot. Each side includes a lobby, private offices, meeting rooms, and a bathroom. One side is leased; the other is vacant and available for occupancy.
Alley access and a bay door provide an additional point of entry to the property. The building is zoned Commercial.
Alley access and a bay door provide an additional point of entry to the property. The building is zoned Commercial.
Key Highlights
- 3,376‑square‑foot office building on a 2‑acre lot
- Two sides, each with a lobby, private offices, meeting rooms, and a bathroom
- One side is leased; the other is vacant
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
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
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.
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Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - One side is leased and the other is vacant, with alley access and a bay door.
Where is this office building 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: 3,376‑square‑foot office building on a 2‑acre lot; Two sides, each with a lobby, private offices, meeting rooms, and a bathroom; One side is leased; the other is vacant
