Freestanding VA Outpatient
For Sale
Contact for pricing
2414 E Shawnee Rd, Muskogee, OK 74403
Freestanding VA outpatient and mental health clinic with recent 2022 renovations and long-term occupancy.
Property Size8,031 SF
Price / SF$214.54
Days on Market53
Property Features for 2414 E Shawnee Rd
General Information
Standard status
Active
Size
8,031 SF
Property subtype
RETAIL
Additional Details
Traffic Count
41,800 vehicles/day
Building Details
Year Renovated
2022
Tenancy
Single
Listing Agency:
Lee & Associates | Indianapolis
(270) 985-5008
Listed By:
Chris Kinnard · License ##2012001364
(270) 985-5008
Source:
Moodyscre
Added: Jun 11
Changed: Jul 10
Last Checked: Jul 21 at 8:07AM
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 Lee & Associates | Indianapolis
Investment Insights
Based on property information with market context.
The property is an 8,031-square-foot, freestanding VA outpatient and mental health clinic. It has been occupied since January 2010 and underwent major renovations in 2022. The current term includes recently early-renewed options left, with a $2.00/SF rent bump scheduled for 2027. Operating cost components called out in the remarks include a 3% management fee expense and a high $0.50/SF insurance expense, with CAM included.
The clinic is situated along the Shawnee Bypass and at the York Street intersection. Vehicle counts are listed at 41,800 VPD, with an indicated increase of approximately +2k VPD per year. The site is also described as an outlot to a 170,000-square-foot center and VA administration offices, which have similarly been renewed early. Nearby, the Jack C. Montgomery VA Regional Medical Center and related regional benefit offices are approximately 3 to 5 miles away.
For tenants, investors, or operators seeking a healthcare-focused, freestanding facility tied to VA outpatient and mental health services, the building’s long-tenured occupancy and renovation history are direct considerations. The documented early renewal and scheduled 2027 bump provide additional clarity on lease timing, while the included expense structure (as stated in the remarks) helps outline day-to-day cost treatment.
The clinic is situated along the Shawnee Bypass and at the York Street intersection. Vehicle counts are listed at 41,800 VPD, with an indicated increase of approximately +2k VPD per year. The site is also described as an outlot to a 170,000-square-foot center and VA administration offices, which have similarly been renewed early. Nearby, the Jack C. Montgomery VA Regional Medical Center and related regional benefit offices are approximately 3 to 5 miles away.
For tenants, investors, or operators seeking a healthcare-focused, freestanding facility tied to VA outpatient and mental health services, the building’s long-tenured occupancy and renovation history are direct considerations. The documented early renewal and scheduled 2027 bump provide additional clarity on lease timing, while the included expense structure (as stated in the remarks) helps outline day-to-day cost treatment.
Key Highlights
- 8,031 SF freestanding VA outpatient and mental health clinic
- Occupied since Jan 2010 by VA healthcare system
- Major renovations completed in 2022
Financial Insights For Healthcare Medical
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 | $139.7k | $17.40 |
| − Vacancy | −$14.7k | −$1.83 |
| EGI | $125.1k | $15.57 |
| − OpEx | −$50.0k | −$6.23 |
| NOI | $75.0k | $9.34 |
8,031 SF · lease $17.40/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.07M
$938.0K – $1.25M
NOI $75,040 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,668 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
41,800 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Demographics for 74403, OK
29,419
Population
12,779
Households
2.3
Avg Household Size
40
Median Age
21%
College-Educated
88%
High-School Grad
109.7 sq mi
ZIP Area
268
Density / Sq Mi
$57,171
Median Household Income
$35,732
Median Earnings
$841
Median Rent
$145,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - Freestanding VA outpatient and mental health clinic with recent 2022 renovations and long-term occupancy.
Where is this medical center located?
The property is located at 2414 E Shawnee Rd Muskogee, OK.
What is the asking price?
The asking price for this property is $1,723,000.
What are key features of this property?
This property features: 8,031 SF freestanding VA outpatient and mental health clinic; Occupied since Jan 2010 by VA healthcare system; Major renovations completed in 2022
