Renovated Mixed-Use
For Sale
$469,900
407 W Will Rogers Boulevard, Claremore, OK 74017
Two-level configuration combines leased retail space with a separately accessed short-term rental.
Property Size3,760 SF
Price / SF$124.97
Days on Market48
Property Features for 407 W Will Rogers Boulevard
General Information
Standard status
Active
Size
3,760 SF
Amenities
large storefront display window
Building Details
Year Built
1929
Buildings
1
Stories
2
Listing Agency:
Keller Williams Premier
Listed By:
Kevin Abbott · License #175462
(918) 244-9706
Source:
Cheathamrealty
Added: Sep 1
Changed: Oct 9
Last Checked: Oct 16 at 2:49PM
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 Premier
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Investment Insights
Based on property information with market context.
Built in 1929 and fully renovated, this 3,760-square-foot mixed-use building combines commercial and short-term residential components. The ground floor provides approximately 2,400 square feet of retail area, including a large storefront display window and frontage along Will Rogers Boulevard. That space is currently leased.
The second floor has a separate private entrance from the street and is configured as an Airbnb short-term rental. The property is located in Claremore’s historic Lilac District, surrounded by shops, restaurants, and local attractions in downtown Claremore. Its existing retail and short-term rental uses create a two-part operating configuration within one building.
The second floor has a separate private entrance from the street and is configured as an Airbnb short-term rental. The property is located in Claremore’s historic Lilac District, surrounded by shops, restaurants, and local attractions in downtown Claremore. Its existing retail and short-term rental uses create a two-part operating configuration within one building.
Key Highlights
- 3,760‑square‑foot mixed‑use building built in 1929
- Approximately 2,400 square feet of ground‑floor retail space
- Large storefront display window along Will Rogers Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,918
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,360
$558.4K
Cap Rate 7%
$398,829
$398.8K
Cap Rate 9%
$310,200
$310.2K
Market Conditions
NOI Build-Up for 3,760 SF
Gross rent
$49.6K $13.20/SF
− Vacancy
−$5.0K −$1.32/SF
EGI
$44.7K $11.88/SF
− OpEx
−$16.8K −$4.46/SF
NOI
$27.9K $7.42/SF
Area
Rogers County, OK
Vacancy
10.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,360
Cap Rate 7%
$398,829
Cap Rate 9%
$310,200
Alternative Uses
Best Use
Retail
$753.9K
$659.7K – $879.6K
NOI $52,773 @ 7.0% cap · market cap 11.23%
Second Best
Mixed Use
$398.8K
$349.0K – $465.3K
NOI $27,918 @ 7.0% cap · market cap 5.94%
Theoretical Best
Specialty Retail
$941.7K
$824.0K – $1.10M
NOI $65,920 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
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Business Placement
Demographics for 74017, OK
29,083
Population
12,038
Households
2.4
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
140.5 sq mi
ZIP Area
207
Density / Sq Mi
$65,519
Median Household Income
$38,165
Median Earnings
$1,015
Median Rent
$184,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level configuration combines leased retail space with a separately accessed short-term rental.
Where is this mixed-use property located?
The property is located at 407 W Will Rogers Boulevard Claremore, OK.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: 3,760‑square‑foot mixed‑use building built in 1929; Approximately 2,400 square feet of ground‑floor retail space; Large storefront display window along Will Rogers Boulevard
