Retail Property on Highway
2623 E Highway 37 Tuttle, OK 73089
New
For Sale
$695,000
SINGLE_FAMILY - Tuttle, OK
Property Size2,775 SF
Lot Size0.71 Acres
Price / SF$250.45
Days on Market3
Property Features for 2623 E Highway 37
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- Commercial
- Standard status
- Active
- APN
- 2623EHighway3773089
- Size
- 2,775 SF
- Lot size
- 0.71 Acres
Building Details
- Year built
- 1979
Listing Agency:
McGraw REALTORS (BO)
(405) 348-4422
Listed By:
Ashley Huff
(405) 503-3643
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 25 at 12:06AM
MLS# 1241085
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.
Investment Insights
Based on property information with market context.
This commercial property includes a current building and a 0.71-acre lot, offering flexibility for new business construction or redevelopment along the SH-37 corridor. The listing size is 2,775 square feet.
Located at 2623 E Highway 37 in Tuttle, Oklahoma (Grady County), the site is presented as an opportunity to position a new or expanded concept along a highly visible roadway corridor.
With Commercial zoning in place and both an existing structure and land area available, the property can accommodate plans that involve either using the current building or pursuing new construction.
Located at 2623 E Highway 37 in Tuttle, Oklahoma (Grady County), the site is presented as an opportunity to position a new or expanded concept along a highly visible roadway corridor.
With Commercial zoning in place and both an existing structure and land area available, the property can accommodate plans that involve either using the current building or pursuing new construction.
Key Highlights
- Year built: 1979
- Located along the SH‑37 corridor in Tuttle
- Existing building can be utilized or repurposed for new business construction
Financial Insights For Retail
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 | $41.6k | $15.00 |
| − Vacancy | −$2.1k | −$0.75 |
| EGI | $39.5k | $14.25 |
| − OpEx | −$11.9k | −$4.27 |
| NOI | $27.7k | $9.98 |
2,775 SF · lease $15.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$395.4K
$346.0K – $461.4K
NOI $27,681 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$670.8K
$586.9K – $782.6K
NOI $46,953 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Commercial-zoned property with a current building on the SH-37 corridor in Tuttle, OK.
Where is this retail space located?
The property is located at 2623 E Highway 37 Tuttle, OK.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Year built: 1979; Located along the SH‑37 corridor in Tuttle; Existing building can be utilized or repurposed for new business construction
