Two-Story Office
For Sale
$945,000
223 S Lynn Riggs Boulevard, Claremore, OK 74017
Adaptable office and business space with parking for customers and staff.
Property Size2,880 SF
Price / SF$328.13
Days on Market90
Property Features for 223 S Lynn Riggs Boulevard
General Information
Standard status
Active
Size
2,880 SF
Additional Details
Road Access
Yes
Building Details
Year Built
2005
Stories
2
Listing Agency:
Coldwell Banker Select
Listed By:
David Roberts
(918) 695-6979
Source:
Cheathamrealty
Added: Jul 16
Changed: Oct 8
Last Checked: Oct 7 at 2:04PM
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 Coldwell Banker Select
Investment Insights
Based on property information with market context.
Built in 2005, this office property contains 2,880 square feet arranged across two floors. The interior layout is adaptable for office and other business functions, providing flexibility for an owner or occupant to configure the space around operational needs. Parking is available for both customers and staff.
The property is located at 223 S Lynn Riggs Boulevard in Claremore, along Historic Route 66. Downtown shopping, dining, the courthouse, and other amenities are nearby, adding convenience for daily business activity and visitors.
The property is located at 223 S Lynn Riggs Boulevard in Claremore, along Historic Route 66. Downtown shopping, dining, the courthouse, and other amenities are nearby, adding convenience for daily business activity and visitors.
Key Highlights
- 2,880 square feet arranged across two floors
- Flexible interior configuration for office and business uses
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,982
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,640
$759.6K
Cap Rate 7%
$542,600
$542.6K
Cap Rate 9%
$422,022
$422.0K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$56.3K $19.56/SF
− Vacancy
−$5.7K −$1.98/SF
EGI
$50.6K $17.58/SF
− OpEx
−$12.7K −$4.40/SF
NOI
$38.0K $13.19/SF
Area
Rogers County, OK
Vacancy
10.10%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,640
Cap Rate 7%
$542,600
Cap Rate 9%
$422,022
Alternative Uses
Best Use
Office B
$542.6K
$474.8K – $633.0K
NOI $37,982 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$721.3K
$631.2K – $841.5K
NOI $50,492 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,304
Businesses Nearby
Explore this area
Business Placement
Demographics for 74017, OK
29,083
Population
12,038
Households
2.4
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
140.5 sq mi
ZIP Area
207
Density / Sq Mi
$65,519
Median Household Income
$38,165
Median Earnings
$1,015
Median Rent
$184,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Adaptable office and business space with parking for customers and staff.
Where is this office building located?
The property is located at 223 S Lynn Riggs Boulevard Claremore, OK.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 2,880 square feet arranged across two floors; Flexible interior configuration for office and business uses; Built in 2005
