Corner Storefront
For Sale
$399,500
403 E 8th St, Okmulgee, OK 74447
Current lease term extends approximately 7.5 years, with additional office and storage areas that may support separate leasing.
Property Size2,700 SF
Price / SF$147.96
Days on Market89
Property Features for 403 E 8th St
General Information
Standard status
Active
Size
2,700 SF
Additional Details
Corner Location
Yes
Building Details
Year Built
1979
Listing Agency:
Keller Williams Advantage
Listed By:
Jamie Goodnight · License #159613
(918) 510-0887
Source:
Cheathamrealty
Added: Jul 20
Changed: Oct 3
Last Checked: Oct 7 at 4:35PM
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 Advantage
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Investment Insights
Based on property information with market context.
This 2,700-square-foot storefront property was built in 1979 and includes one bathroom, office space, and a storage unit. The existing lease has approximately 7.5 years remaining, providing a defined operating term for the current occupancy. Additional office and storage areas may offer potential for separate leasing, subject to applicable arrangements.
The property occupies a corner lot at 403 E 8th St in Okmulgee, Oklahoma. Its corner positioning provides exposure from two street fronts, while the existing storefront configuration supports continued commercial use. The property is offered for sale.
The property occupies a corner lot at 403 E 8th St in Okmulgee, Oklahoma. Its corner positioning provides exposure from two street fronts, while the existing storefront configuration supports continued commercial use. The property is offered for sale.
Key Highlights
- 2,700‑square‑foot storefront property
- Approximately 7.5 years remaining on the current lease
- Corner lot at 403 E 8th St, Okmulgee, OK 74447
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,874
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,480
$677.5K
Cap Rate 7%
$483,914
$483.9K
Cap Rate 9%
$376,378
$376.4K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$55.1K $20.40/SF
− Vacancy
−$9.9K −$3.67/SF
EGI
$45.2K $16.73/SF
− OpEx
−$11.3K −$4.18/SF
NOI
$33.9K $12.55/SF
Area
Okmulgee County, OK
Vacancy
18.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,480
Cap Rate 7%
$483,914
Cap Rate 9%
$376,378
Alternative Uses
Best Use
Office B
$483.9K
$423.4K – $564.6K
NOI $33,874 @ 7.0% cap · market cap 8.48%
Second Best
Retail
$426.4K
$373.1K – $497.5K
NOI $29,847 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$636.9K
$557.3K – $743.0K
NOI $44,582 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74447, OK
15,534
Population
7,295
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
231.8 sq mi
ZIP Area
67
Density / Sq Mi
$45,855
Median Household Income
$30,851
Median Earnings
$801
Median Rent
$101,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Current lease term extends approximately 7.5 years, with additional office and storage areas that may support separate leasing.
Where is this storefront property located?
The property is located at 403 E 8th St Okmulgee, OK.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: 2,700‑square‑foot storefront property; Approximately 7.5 years remaining on the current lease; Corner lot at 403 E 8th St, Okmulgee, OK 74447
