Truck Terminal with Drive-Through
For Sale
$1,900,000
2700 S 32nd Street, Muskogee, OK 74401
Commercial, Muskogee, OK
Property Size9,014 SF
Lot Size8.43 Acres
Price / SF$210.78
Days on Market123
Property Features for 2700 S 32nd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Interior features
Floored Attic, Public Restrooms
Exterior features
Pole Sign, Storage
Fencing
Chain Link
Elementary school district
Hilldale - Sch Dist (K4)
Middle school district
Hilldale - Sch Dist (K4)
High school district
Hilldale - Sch Dist (K4)
Directions
Located on Hwy 69 south of Muskogee. East side of Hwy 69 between Border and Hancock streets.
Standard status
Active
APN
510050859 and 510050449
Size
9,014 SF
Lot size
8.43 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
LOT 1 BLOCK 1 and T14N R18E S04 FARMLAND IN MUSKOGEE N1/2 SE SW NE LESS 1.42 ACRES FOR HWY
Tax Annual Amount
2442
Legal Description
LOT 1 BLOCK 1 and T14N R18E S04 FARMLAND IN MUSKOGEE N1/2 SE SW NE LESS 1.42 ACRES FOR HWY
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
reception area
two offices
break room
two public restrooms
updated LED lighting
monitored alarm system
wired for fiber optic internet
phone
Building Details
Year built
2005
Building materials
Steel
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Interstate Properties, Inc.
(918) 682-1119
Listed By:
Timothy Bales · License #208130
(918) 681-0690
Added: May 14
Changed: Sep 2
Last Checked: Sep 13 at 3:06PM
MLS# 2536958
Copyright © 2026 MLS Technology, 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 2005 steel truck terminal includes two buildings, multiple service bays, and a fenced storage yard. The primary facility has four 80-foot drive-through bays designed for semi trucks and trailers, along with a reinforced concrete floor, reception area, two offices, break room, and two public restrooms. Additional improvements include 1,600 square feet of storage, an equipment room, LED lighting, two 80-gallon air compressors with 1.5-inch air lines, a monitored alarm system, and wiring for fiber optic internet and phone service. A 20-foot rear overhang extends across three bays.
The property encompasses 8.425 acres at 2700 S 32nd Street in Muskogee, with Highway 69 access and a chain-link fence enclosing the storage yard. The second building contributes four additional bays, supporting truck terminal, equipment, and industrial operations. C1 zoning, central heating and cooling, a metal roof, public restrooms, and a pole sign are also included.
The property encompasses 8.425 acres at 2700 S 32nd Street in Muskogee, with Highway 69 access and a chain-link fence enclosing the storage yard. The second building contributes four additional bays, supporting truck terminal, equipment, and industrial operations. C1 zoning, central heating and cooling, a metal roof, public restrooms, and a pole sign are also included.
Key Highlights
- 8.425‑acre truck terminal property in Muskogee, OK
- Four 80 ft drive‑through bays sized for full semi trucks and trailers
- 1,600 sq ft of additional storage space plus a dedicated equipment room
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
$54,982
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
2.89%
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%
$1,099,640
$1.1M
Cap Rate 7%
$785,457
$785.5K
Cap Rate 9%
$610,911
$610.9K
Market Conditions
NOI Build-Up for 9,014 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
$70.3K $7.80/SF
− Vacancy
−$5.6K −$0.62/SF
EGI
$64.7K $7.18/SF
− OpEx
−$9.7K −$1.08/SF
NOI
$55.0K $6.10/SF
Area
Muskogee County, OK
Vacancy
8.00%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
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%
$1,099,640
Cap Rate 7%
$785,457
Cap Rate 9%
$610,911
Alternative Uses
Best Use
Warehouse
$785.5K
$687.3K – $916.4K
NOI $54,982 @ 7.0% cap · market cap 2.89%
Second Best
Industrial
$646.8K
$566.0K – $754.7K
NOI $45,279 @ 7.0% cap · market cap 2.38%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,071 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
8
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
Business Placement
Demographics for 74401, OK
16,181
Population
7,818
Households
2.1
Avg Household Size
40
Median Age
16%
College-Educated
85%
High-School Grad
110.9 sq mi
ZIP Area
146
Density / Sq Mi
$39,767
Median Household Income
$32,700
Median Earnings
$827
Median Rent
$122,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Truck terminal - Steel commercial facility with multiple truck bays, a fenced equipment yard, offices, and support areas along Highway 69.
Where is this truck terminal located?
The property is located at 2700 S 32nd Street Muskogee, OK.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 8.425‑acre truck terminal property in Muskogee, OK; Four 80 ft drive‑through bays sized for full semi trucks and trailers; 1,600 sq ft of additional storage space plus a dedicated equipment room
