Mixed-Use Property with
For Sale
$265,000
4040 Lynda Lane, Guthrie, OK 73044
A residence, workshop, and electrically wired greenhouse occupy commercially zoned land.
Property Size2,000 SF
Lot Size1.00 Acre
Price / SF$132.50
Days on Market15
Property Features for 4040 Lynda Lane
General Information
Standard status
Active
Size
2,000 SF
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
2,000 SF
Year Built
2007
Listing Agency:
First Class Property Solutions
Listed By:
Armand Burleigh
(405) 919-0460
Source:
Eastwoodrealtygroup
Added: Oct 11
Changed: Oct 23
Last Checked: Oct 23 at 12:30PM
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 First Class Property Solutions
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A home, workshop, and greenhouse form a mixed-use property on approximately 1 acre in Guthrie. The 3-bedroom, 2.5-bath residence was built in 2007 and measures approximately 2,000 SF; it includes a covered patio and two storage areas. The 60' x 30' shop has two overhead doors, while the 100' x 30' greenhouse is wired for electricity. Well water and several fenced areas are also on site.
The property has Commercial zoning and access to I-35 and the OKC metro. Buyers should confirm permitted uses, zoning, building area, permits, and other applicable requirements.
The property has Commercial zoning and access to I-35 and the OKC metro. Buyers should confirm permitted uses, zoning, building area, permits, and other applicable requirements.
Key Highlights
- Approximately 1 acre with Commercial zoning
- 3‑bedroom, 2.5‑bath home built in 2007; approximately 2,000 SF
- 60' x 30' shop with two overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,300
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,000
$486.0K
Cap Rate 7%
$347,143
$347.1K
Cap Rate 9%
$270,000
$270.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$43.2K $21.60/SF
− Vacancy
−$4.3K −$2.16/SF
EGI
$38.9K $19.44/SF
− OpEx
−$14.6K −$7.29/SF
NOI
$24.3K $12.15/SF
Area
Logan County, OK
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,000
Cap Rate 7%
$347,143
Cap Rate 9%
$270,000
Alternative Uses
Best Use
Mixed Use
$347.1K
$303.8K – $405.0K
NOI $24,300 @ 7.0% cap · market cap 9.17%
Second Best
Office B
$242.3K
$212.0K – $282.7K
NOI $16,962 @ 7.0% cap · market cap 6.40%
Theoretical Best
Specialty Retail
$483.4K
$423.0K – $564.0K
NOI $33,840 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A residence, workshop, and electrically wired greenhouse occupy commercially zoned land.
Where is this mixed-use property located?
The property is located at 4040 Lynda Lane Guthrie, OK.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Approximately 1 acre with Commercial zoning; 3‑bedroom, 2.5‑bath home built in 2007; approximately 2,000 SF; 60' x 30' shop with two overhead doors
