Flex Building with Office-Warehouse
For Sale
$895,000
315 W Will Rogers Boulevard, Claremore, OK 74017
Office, warehouse, workshop, and support areas create a versatile commercial configuration.
Property Size10,412 SF
Price / SF$85.96
Days on Market87
Property Features for 315 W Will Rogers Boulevard
General Information
Standard status
Active
Size
10,412 SF
Building Details
Year Built
1996
Buildings
1
Listing Agency:
Solid Rock, REALTORS
Listed By:
Michael Urie · License #141680
(918) 637-3415
Source:
Alloverok
Added: Jul 21
Changed: Oct 13
Last Checked: Oct 7 at 4:12PM
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 Solid Rock, REALTORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,412-square-foot flex property combines office, production, storage, and workshop areas within a building constructed in 1996. The interior includes 8 private offices, a conference room, a central open work area, 2 kitchenettes, 4 bathrooms, warehouse and storage space, and a substantial workshop. The roof surface carries a 10-year warranty, and the property includes on-site parking across five city lots.
Located at 315 W Will Rogers Boulevard in downtown Claremore’s Lilac District, the property sits among antique shops, restaurants, coffee houses, specialty retailers, and community events. The district encompasses several blocks of historic downtown and was designated by the City of Claremore to recognize local culture and the legacy of playwright Lynn Riggs. Claremore is the county seat of Rogers County and part of the Tulsa metropolitan area.
Located at 315 W Will Rogers Boulevard in downtown Claremore’s Lilac District, the property sits among antique shops, restaurants, coffee houses, specialty retailers, and community events. The district encompasses several blocks of historic downtown and was designated by the City of Claremore to recognize local culture and the legacy of playwright Lynn Riggs. Claremore is the county seat of Rogers County and part of the Tulsa metropolitan area.
Key Highlights
- 10412 square feet on five city lots
- 8 private offices, conference room, and central open workspace
- Warehouse, storage, and large workshop areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,996
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,419,920
$1.4M
Cap Rate 7%
$1,014,229
$1.0M
Cap Rate 9%
$788,844
$788.8K
Market Conditions
NOI Build-Up for 10,412 SF
Gross rent
$87.5K $8.40/SF
− Vacancy
−$3.9K −$0.38/SF
EGI
$83.5K $8.02/SF
− OpEx
−$12.5K −$1.20/SF
NOI
$71.0K $6.82/SF
Area
Rogers County, OK
Vacancy
4.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,419,920
Cap Rate 7%
$1,014,229
Cap Rate 9%
$788,844
Alternative Uses
Best Use
Office B
$1.96M
$1.72M – $2.29M
NOI $137,317 @ 7.0% cap · market cap 15.34%
Second Best
Warehouse
$1.01M
$887.5K – $1.18M
NOI $70,996 @ 7.0% cap · market cap 7.93%
Theoretical Best
Specialty Retail
$2.61M
$2.28M – $3.04M
NOI $182,543 @ 7.0% cap · market cap 20.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,120
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74017, OK
29,083
Population
12,038
Households
2.4
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
140.5 sq mi
ZIP Area
207
Density / Sq Mi
$65,519
Median Household Income
$38,165
Median Earnings
$1,015
Median Rent
$184,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office, warehouse, workshop, and support areas create a versatile commercial configuration.
Where is this flex space located?
The property is located at 315 W Will Rogers Boulevard Claremore, OK.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 10412 square feet on five city lots; 8 private offices, conference room, and central open workspace; Warehouse, storage, and large workshop areas
