Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Downtown Guthrie Commercial Duplex Title is generated by Realmo AI

    211 E Cleveland Avenue, Guthrie, OK 73044

    View on Map
    Claim this Listing
    For Sale
    $495,000

    SINGLE_FAMILY - Guthrie, OK

    Type:Office
    Property size:
    3,376 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $146/SF
    Added:
    Mar 2, 2026
    Days on Market:
    74
    Last Refresh:
    May 15 at 1:06 am

    Property Features for 211 E Cleveland Avenue

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    Commercial
    Standard status
    Active
    APN
    211ECleveland73044
    Size
    3,376 SF
    Lot size
    2.00 Acres

    Building Details

    Year built
    1935

    We can help!

    Listing Contact
    Whitney Heskett

    Listing agent Whitney Heskett

    Listing office Collection 7 Realty 2513 S Kelly AVE Suite #110, Edmond, OK

    Listing date Mar 2, 2026

    MLS# 1216764

    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

    • Prime downtown Guthrie location with high visibility.
    • Brand new construction commercial duplex.
    • Immediate income from one leased unit.
    • Vacant unit ready for owner‑user or new tenant.
    • Multiple private offices and flexible workspace in each suite.
    • Convenient alley access with rear garage entrance.

    Overview

    This is a brand new construction commercial duplex located in downtown Guthrie. The property offers immediate income from one leased unit, while the other unit is vacant and ready for an owner-user or new tenant. Each suite includes multiple private offices, flexible workspace, and modern finishes. The property features convenient alley access with a rear garage entrance for secure parking, storage, or deliveries. This property is suitable for investors or businesses seeking a low-maintenance property in a high-visibility downtown setting. The property size is 3376 square feet and the lot size is 2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Guthrie
    County
    Logan
    State
    Oklahoma
    Longitude
    -97.423488
    Latitude
    35.878898

    Nearby Similar for Sale

    • $325,000
      6,942 SF

      Guthrie Mixed-Use Opportunity

      Versatile property in Guthrie's Historic District with income potential.
      106 W Oklahoma Avenue, Guthrie, OK 73044
      View Details
    • $895,000
      23,100 SF

      Guthrie Commercial Building: Investment Opportunity

      23,000 sq ft commercial building with office, warehouse, and event space.
      202 E Harrison Avenue, Guthrie, OK 73044
      View Details
    • $8,000
      6,171 SF

      Versatile Commercial Property Near I-35

      7,800 sq ft commercial property in Guthrie, OK, near I-35.
      2024 Ruhl Drive, Guthrie, OK 73044
      View Details
    • $950,000

      Versatile 80-Acre Oklahoma Land

      80 acres near Lazy E Arena, suitable for ranching/development.
      9925 S Anderson Road, Guthrie, OK 73044
      View Details
    • $250,000
      4,425 SF

      Guthrie Industrial/Flex Warehouse For Sale

      4,425 SF industrial/flex warehouse in the heart of Guthrie, Oklahoma.
      315 S 5th St, Guthrie, OK 73044
      View Details
    • $349,900
      8,680 SF

      Versatile Building in Guthrie, OK

      Adaptable building suitable for distribution, warehousing, or retail.
      501-509 W Oklahoma Ave, Guthrie, OK
      View Details
    • $3,000,000
      31,808 SF

      Guthrie Plaza Retail Investment Opportunity

      Retail property with long-term tenants and high traffic location.
      1519 - 1601 S Division St | Guthrie, OK 73044, OK 73044
      View Details
    • $2,800,000
      34,582 SF

      Guthrie Plaza Retail Investment

      Fully occupied retail center with long-term tenants and high visibility.
      1519-1601 S Division Street | Guthrie, OK 73044, OK 73044
      View Details
    • $650,000
      6,500 SF

      Historic Guthrie 5-Plex Investment Opportunity

      Well-maintained 5-plex in Guthrie's historic district with stable income.
      116 S 2nd St | Guthrie, OK 73044, OK 73044
      View Details
    • $700,000
      8,000 SF

      Guthrie Industrial Office/Warehouse Space

      10,000+ sq. ft. industrial space with flexible layout.
      4203 S Division St, Guthrie, OK
      View Details
    • $1,475,000
      10,000 SF

      Historic Guthrie Mixed-Use Landmark

      Iconic 1902 building with retail space and income-producing units.
      117 West Harrison Avenue, Guthrie, OK 73044
      View Details
    • $250,000
      4,425 SF

      Downtown Guthrie Warehouse For Sale

      Warehouse in Guthrie's historic district with easy highway access.
      513 South 5th Street, Guthrie, OK
      View Details

    FAQs

    What type of property is this?
    Office units - New construction duplex with income potential in downtown Guthrie.
    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: Prime downtown Guthrie location with high visibility.; Brand new construction commercial duplex.; Immediate income from one leased unit.
    (405) 990-3492
    We can help!
    Listing Contact
    Whitney Heskett
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    211 E Cleveland Avenue, Guthrie, OK 73044
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!