Corner Retail
403 E 8th Street Okmulgee, OK 74447
403 E 8th Street, Okmulgee, OK, 74447
$399,500
For Sale
$399,500
COMMERCIAL - Okmulgee, OK
Property Size2,700 SF
Lot Size0.32 Acres
Price / SF$147.96
Days on Market96
Property Features for 403 E 8th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- COM
- Exterior features
- Pole Sign, Sidewalk
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- OT OKMULGEE LOT 4 BLK 104
- Tax Annual Amount
- 883
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1979
- Building materials
- Concrete
- Roof type
- Built-Up
Listing agency
Keller Williams Advantage
(918) 291-2425
Listed by
Jamie Goodnight · License #159613
(918) 712-2252
Added: Apr 17 Updated: Apr 21 at 9:58AM Checked: Jul 21 at 5:06PM
MLS# 2613506
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 corner retail storefront offers approximately 2,700 square feet of commercial space and includes 1 bathroom. The property is currently under lease, with about 7.5 years remaining on the existing lease term, providing continuity for an owner seeking income-producing real estate.
Located at 403 E 8th Street in Okmulgee, Oklahoma, the site sits on a high-visibility corner lot and is described as having easy access. The property’s commercial zoning is listed as COM.
As presented, the layout supports income through the current lease structure, with additional potential identified for leasing extra office space and a storage unit.
Located at 403 E 8th Street in Okmulgee, Oklahoma, the site sits on a high-visibility corner lot and is described as having easy access. The property’s commercial zoning is listed as COM.
As presented, the layout supports income through the current lease structure, with additional potential identified for leasing extra office space and a storage unit.
Key Highlights
- High‑visibility corner lot with pole sign and sidewalk frontage
- Central heating and central air conditioning
- Concrete construction with built‑up roof; built in 1979
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 | $45.4k | $16.80 |
| − Vacancy | −$2.7k | −$1.01 |
| EGI | $42.6k | $15.79 |
| − OpEx | −$12.8k | −$4.74 |
| NOI | $29.8k | $11.05 |
2,700 SF · lease $16.80/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$426.4K
$373.1K – $497.5K
NOI $29,847 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Corner retail property with 1 bathroom on a 0.32-acre lot in Okmulgee, OK.
Where is this retail space located?
The property is located at 403 E 8th Street 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: High‑visibility corner lot with pole sign and sidewalk frontage; Central heating and central air conditioning; Concrete construction with built‑up roof; built in 1979
