Storefront Property with Office
For Sale
$699,000
321 S Lynn Riggs Boulevard, Claremore, OK 74017
Downtown commercial building combining customer-facing windows, office rooms, rear expansion area, and off-street parking.
Property Size3,200 SF
Price / SF$218.44
Days on Market85
Property Features for 321 S Lynn Riggs Boulevard
General Information
Standard status
Active
Size
3,200 SF
Building Details
Year Built
1960
Listing Agency:
Keller Williams Premier
Listed By:
Dawna Barnes · License #148516
(918) 906-7906
Source:
Cheathamrealty
Added: Jul 25
Changed: Oct 2
Last Checked: Oct 7 at 1:19PM
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 Keller Williams Premier
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Investment Insights
Based on property information with market context.
Built in 1960, this 3,200-square-foot storefront property offers a flexible commercial layout with prominent window frontage, a reception area, and four-plus offices. The rear portion provides expansion space, while a separate entrance serves the office area. The building includes 1.5 baths and off-street parking.
Situated on Route 66 in downtown Claremore, the property places a customer-facing business in a recognizable commercial setting. Its combination of retail-oriented frontage and dedicated office areas supports a range of storefront and professional space configurations, subject to the buyer’s intended use.
Situated on Route 66 in downtown Claremore, the property places a customer-facing business in a recognizable commercial setting. Its combination of retail-oriented frontage and dedicated office areas supports a range of storefront and professional space configurations, subject to the buyer’s intended use.
Key Highlights
- 3,200‑square‑foot storefront property
- Located on Route 66 in downtown Claremore
- Large window frontage for customer‑facing display
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,913
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,260
$898.3K
Cap Rate 7%
$641,614
$641.6K
Cap Rate 9%
$499,033
$499.0K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$68.0K $21.24/SF
− Vacancy
−$3.8K −$1.19/SF
EGI
$64.2K $20.05/SF
− OpEx
−$19.2K −$6.02/SF
NOI
$44.9K $14.04/SF
Area
Rogers County, OK
Vacancy
5.60%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,260
Cap Rate 7%
$641,614
Cap Rate 9%
$499,033
Alternative Uses
Best Use
Retail
$641.6K
$561.4K – $748.6K
NOI $44,913 @ 7.0% cap · market cap 6.43%
Second Best
Office B
$602.9K
$527.5K – $703.4K
NOI $42,203 @ 7.0% cap · market cap 6.04%
Theoretical Best
Specialty Retail
$801.5K
$701.3K – $935.0K
NOI $56,102 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Blooms Studio — 609 S Brady St #121, Claremore, OK 74017
- Crooked Roots Design — 323 W Will Rogers Blvd, Claremore, OK 74017
- Florists Choice — 316 N Missouri Ave, Claremore, OK 74017
Frequently Asked Questions
What type of property is this?
Storefront property - Downtown commercial building combining customer-facing windows, office rooms, rear expansion area, and off-street parking.
Where is this storefront property located?
The property is located at 321 S Lynn Riggs Boulevard Claremore, OK.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3,200‑square‑foot storefront property; Located on Route 66 in downtown Claremore; Large window frontage for customer‑facing display
