Building Details

Year Built 1960

Buildings 1

Listing Agency: Interstate Properties, Inc.

Listed By: Earnie Gilder · License #45081 Show Phone

Source: Alloverok

Added: Aug 7 Changed: Oct 9 Last Checked: Oct 7 at 12:58PM

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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 Interstate Properties, Inc.

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Investment Insights

Based on property information with market context.

This 3,736-square-foot medical office building offers a clinical configuration with 10 treatment rooms, 4 offices, a lobby, and 3 bathrooms, including 1 full bathroom. A full kitchen and washer and dryer connections add staff-support functionality, while the property includes ample on-site parking.

Building systems include 3 HVAC units with gas heat and 2 water heaters—1 gas and 1 electric. The roof is less than 10 years old. Constructed in 1960, the property is positioned on the east side of Muskogee at 2602 Chandler Rd and is suited to continued medical-office use.

Key Highlights

• 3,736 SF medical office building with 10 treatment rooms
• 4 offices, lobby, and 3 bathrooms, including 1 full bathroom
• Full kitchen plus washer and dryer connections

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,551

Cap Rate

8.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$811,020 $811.0K

Cap Rate 7%

$579,300 $579.3K

Cap Rate 9%

$450,567 $450.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,736 SF

Gross rent

$67.2K $18.00/SF

− Vacancy

−$13.2K −$3.53/SF

EGI

$54.1K $14.47/SF

− OpEx

−$13.5K −$3.62/SF

NOI

$40.6K $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 Rate 5%

$811,020

Cap Rate 7%

$579,300

Cap Rate 9%

$450,567

Alternative Uses

Best Use

Office B

$579.3K

$506.9K – $675.9K (±1% cap)

NOI $40,551 @ 7.0% cap · market cap 8.19%

Second Best

Healthcare Medical

$498.7K

$436.4K – $581.8K (±1% cap)

NOI $34,908 @ 7.0% cap · market cap 7.05%

Theoretical Best

Office A

$782.0K

$684.2K – $912.3K (±1% cap)

NOI $54,739 @ 7.0% cap · market cap 11.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Young Chiropractic Alternative Medicine Practice Bryan Young Alternative Medicine Practice

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Repair Shop Building Supply Big Box & Wholesale Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

352

Businesses Nearby

Under-served

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Existing clinical layout includes private rooms, administrative offices, and practical staff support areas.

Where is this medical office space located?

The property is located at 2602 Chandler Rd Muskogee, 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: 3,736 SF medical office building with 10 treatment rooms; 4 offices, lobby, and 3 bathrooms, including 1 full bathroom; Full kitchen plus washer and dryer connections