Downtown Retail Office
321 S Lynn Riggs Boulevard Claremore, OK 74017
321 S Lynn Riggs Boulevard, Claremore, OK, 74017
$699,000
For Sale
$699,000
COMMERCIAL - Claremore, OK
Property Size3,200 SF
Lot Size0.93 Acres
Price / SF$218.44
Days on Market47
Property Features for 321 S Lynn Riggs Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Retail
- Parking features
- Off Street, Garage
- Security features
- Security System
- Interior features
- 9' Ceiling Height, Display Window, High Speed Internet, Security System-Owned, Smoke Detector, Suspended Ceiling, Vaulted Ceiling
- Exterior features
- Door Sign, Lighting, Pole Sign, Sidewalk, Storage
- Standard status
- Active
- APN
- 660007110
- Size
- 3,200 SF
- Lot size
- 0.93 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lot 4 Block 135 Claremore OT Less the North 5' Thereof. 21N-16E-08 Rogers County
- Tax Annual Amount
- 1735
Utilities
- Utilities
- Cable Available
- Heating system
- Central
- Cooling system
- Zoned, Central Air
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Vinyl, Concrete
- Building materials
- Concrete
- Additional Structures
- Storage
Listing Agency
Keller Williams Premier
(918) 283-2252
2002 S Hwy 66, Claremore, OK
Listed by
Dawna Barnes · License #148516
(918) 283-2252
Added: Jun 4 Updated: Jul 9 at 3:23 am Checked: Jul 20 at 3:06 pm
MLS# 2620430
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 downtown retail office building features prominent window frontage and a layout that includes a reception area plus four offices. The property also includes a rear expansion area and provides separate entrance for the office area. There are 1.5 baths associated with the office/retail configuration as described in the listing.
The building is located on Route 66 in Claremore and is positioned for street exposure with plenty of off-street parking, supporting everyday customer access.
With approximately 3,200 square feet on a 0.93-acre lot, the structure offers a defined front retail presence alongside an office component, with additional space in the rear for growth or reconfiguration.
The building is located on Route 66 in Claremore and is positioned for street exposure with plenty of off-street parking, supporting everyday customer access.
With approximately 3,200 square feet on a 0.93-acre lot, the structure offers a defined front retail presence alongside an office component, with additional space in the rear for growth or reconfiguration.
Key Highlights
- 1960‑built downtown Claremore commercial building on Route 66 with sidewalk and street exposure
- High window frontage with display window and entry, plus 4+ office rooms and a reception area
- Flexible layout with expansion area in the rear and a separate entrance for the office area
Local 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 | $68.0k | $21.24 |
| − Vacancy | −$3.8k | −$1.19 |
| EGI | $64.2k | $20.05 |
| − OpEx | −$19.2k | −$6.02 |
| NOI | $44.9k | $14.04 |
3,200 SF · lease $21.24/SF/yr · vacancy 5.60% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Affordable Bail Bonds ...
Law Firm
Affordable Medical Cannabis ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building with large window frontage, reception area, and multiple offices with rear expansion space and off-street parking.
Where is this retail space 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: 1960‑built downtown Claremore commercial building on Route 66 with sidewalk and street exposure; High window frontage with display window and entry, plus 4+ office rooms and a reception area; Flexible layout with expansion area in the rear and a separate entrance for the office area
