Muskogee Commercial Property for
For Sale
Contact for pricing
Pending
2414 E Shawnee Rd, Muskogee, OK 74403
8,031 SF commercial property available in Muskogee, Oklahoma.
Property Size8,031 SF
Days on Market877
Property Features for 2414 E Shawnee Rd
General Information
Standard status
Pending
Size
8,031 SF
Total Parking Spaces
55
Property subtype
Office, Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$155,751
Building Details
Year Built
1990
Year Renovated
2010
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Lee & Associates Cincinnati
(513) 227-8769
Listed By:
Stanton Falk · License #OH 2012001364
Source:
Crexi
Added: Mar 19, 2024
Changed: Aug 8
Last Checked: May 12 at 9:37PM
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 Cincinnati
Investment Insights
Based on property information with market context.
This commercial property, located at 2414 E Shawnee Rd in Muskogee, Oklahoma, offers 8,031 square feet of space. The property is suitable for office and retail use.
Key Highlights
- All inquiries and offers should be directed to TEAMKINNARDFALK@LEE‑ASSOCIATES.COM or (513) 387‑0056.
- The property was built in 1990.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,168
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,743,360
$1.7M
Cap Rate 7%
$1,245,257
$1.2M
Cap Rate 9%
$968,533
$968.5K
Market Conditions
NOI Build-Up for 8,031 SF
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.
Gross rent
$144.6K $18.00/SF
− Vacancy
−$28.3K −$3.53/SF
EGI
$116.2K $14.47/SF
− OpEx
−$29.1K −$3.62/SF
NOI
$87.2K $10.85/SF
Area
Muskogee County, OK
Vacancy
19.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,743,360
Cap Rate 7%
$1,245,257
Cap Rate 9%
$968,533
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.45M
NOI $87,168 @ 7.0% cap · market cap 5.06%
Second Best
Retail
$1.17M
$1.03M – $1.37M
NOI $82,133 @ 7.0% cap · market cap 4.77%
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
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Balanced
Demand for This Use
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
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 space - 8,031 SF commercial property available in Muskogee, Oklahoma.
Where is this office space 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: All inquiries and offers should be directed to TEAMKINNARDFALK@LEE‑ASSOCIATES.COM or (513) 387‑0056.; The property was built in 1990.
