Retail Space with Existing
For Sale
$695,000
2623 E Highway 37, Tuttle, OK 73089
Commercial Sale, Tuttle, OK
Property Size2,775 SF
Lot Size0.71 Acres
Price / SF$250.45
Days on Market96
Property Features for 2623 E Highway 37
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Directions
From the corner of N. Mustang Road and E SH-37, go West on E SH-37 to Wolf Ln. Property is located on the West side of Wolf Ln. and E SH-37.
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: Sep 30
Last Checked: Oct 26 at 9:06PM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property includes a 2,775-square-foot existing building on 0.71 acres. Constructed in 1979, the building provides a current structure for retail use and is located within Commercial zoning.
The property is situated along State Highway 37 at 2623 E Highway 37 in Tuttle, Oklahoma. Its location places the existing retail space within the SH-37 corridor, with the site offering both an established building and land area for commercial use.
The property is situated along State Highway 37 at 2623 E Highway 37 in Tuttle, Oklahoma. Its location places the existing retail space within the SH-37 corridor, with the site offering both an established building and land area for commercial use.
Key Highlights
- 2,775‑square‑foot existing retail building
- 0.71‑acre commercial property
- Located along the SH‑37 corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,681
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,620
$553.6K
Cap Rate 7%
$395,443
$395.4K
Cap Rate 9%
$307,567
$307.6K
Market Conditions
NOI Build-Up for 2,775 SF
Gross rent
$41.6K $15.00/SF
− Vacancy
−$2.1K −$0.75/SF
EGI
$39.5K $14.25/SF
− OpEx
−$11.9K −$4.27/SF
NOI
$27.7K $9.98/SF
Area
Grady County, OK
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,620
Cap Rate 7%
$395,443
Cap Rate 9%
$307,567
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 73089, OK
13,696
Population
5,040
Households
2.7
Avg Household Size
41
Median Age
26%
College-Educated
93%
High-School Grad
106.8 sq mi
ZIP Area
128
Density / Sq Mi
$101,205
Median Household Income
$52,277
Median Earnings
$912
Median Rent
$264,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Existing retail space is positioned along the SH-37 corridor in Tuttle.
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: 2,775‑square‑foot existing retail building; 0.71‑acre commercial property; Located along the SH‑37 corridor
