Mixed-Use Property with Service
For Sale
$398,000
3412 S Division Street, Guthrie, OK 73044
A customer-facing sales office and commercial frontage complement a steel-frame shop equipped for service, storage, or inventory.
Property Size3,200 SF
Price / SF$124.38
Days on Market19
Property Features for 3412 S Division Street
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Zoning
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Mixed-Use Components
commercial, residential
Additional Details
Asking Price
$398,000
Real Estate Included
Yes
Building Details
Building Size
3,200 SF
Year Built
1982
Stories
1
Units
3
Listing Agency:
Exit Realty Premier
(405) 703-3565
Listed By:
Krista Martin
(405) 401-5068
Source:
Eastwoodrealtygroup
Added: Oct 6
Changed: Oct 23
Last Checked: Oct 23 at 12:23PM
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 Exit Realty Premier
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Investment Insights
Based on property information with market context.
This commercially zoned property pairs a sales office with a 40' x 80' steel-beam shop featuring concrete floors, 3-phase electric service, a separate electric meter, two overhead doors, and a car lift. The insulated office has heat, air conditioning, and electricity. Division Street frontage has been used for portable building and vehicle sales. The commercial improvements and frontage are available separately, or as part of the larger property.
The full offering includes a remodeled 1,235-square-foot home with three bedrooms, 1.5 baths, two living areas, granite countertops, and two pantries. Additional residential improvements include a detached garage, a guest apartment with mini-split heating and air, a detached game room, a storm shelter, and an above-ground pool with deck. The guest apartment and game room are excluded from the stated home square footage.
The property is less than one mile from the South Guthrie I-35 exit. Rural water and sewer are accessible across Division Street; the Savannah Est subdivision next door is served by city utilities.
The full offering includes a remodeled 1,235-square-foot home with three bedrooms, 1.5 baths, two living areas, granite countertops, and two pantries. Additional residential improvements include a detached garage, a guest apartment with mini-split heating and air, a detached game room, a storm shelter, and an above-ground pool with deck. The guest apartment and game room are excluded from the stated home square footage.
The property is less than one mile from the South Guthrie I-35 exit. Rural water and sewer are accessible across Division Street; the Savannah Est subdivision next door is served by city utilities.
Key Highlights
- 40' x 80' steel‑beam shop with concrete flooring and car lift
- Shop includes 3‑phase electric, a separate meter, and 2 overhead doors
- Insulated sales office with heat, air conditioning, and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,920
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,400
$638.4K
Cap Rate 7%
$456,000
$456.0K
Cap Rate 9%
$354,667
$354.7K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$48.0K $15.00/SF
− Vacancy
−$2.4K −$0.75/SF
EGI
$45.6K $14.25/SF
− OpEx
−$13.7K −$4.27/SF
NOI
$31.9K $9.98/SF
Area
Logan 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%
$638,400
Cap Rate 7%
$456,000
Cap Rate 9%
$354,667
Alternative Uses
Best Use
Mixed Use
$555.4K
$486.0K – $648.0K
NOI $38,880 @ 7.0% cap · market cap 9.77%
Second Best
Retail
$456.0K
$399.0K – $532.0K
NOI $31,920 @ 7.0% cap · market cap 8.02%
Theoretical Best
Specialty Retail
$773.5K
$676.8K – $902.4K
NOI $54,144 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
654
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
SecurCare Self Storage
Shops & Services
366 visits/mo
0.4 miles
SecurCare Self Storage
Shops & Services
288 visits/mo
0.5 miles
Demographics for 73044, OK
24,603
Population
10,050
Households
2.4
Avg Household Size
39
Median Age
24%
College-Educated
91%
High-School Grad
264.7 sq mi
ZIP Area
93
Density / Sq Mi
$71,442
Median Household Income
$39,284
Median Earnings
$890
Median Rent
$200,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A customer-facing sales office and commercial frontage complement a steel-frame shop equipped for service, storage, or inventory.
Where is this mixed-use property located?
The property is located at 3412 S Division Street Guthrie, OK.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: 40' x 80' steel‑beam shop with concrete flooring and car lift; Shop includes 3‑phase electric, a separate meter, and 2 overhead doors; Insulated sales office with heat, air conditioning, and electricity
