Mixed-Use Building with Street-Level
New
For Sale
$469,900
407 W Will Rogers Boulevard, Claremore, OK 74017
Commercial, Claremore, OK
Property Size3,760 SF
Lot Size0.05 Acres
Price / SF$124.97
Days on Market4
Property Features for 407 W Will Rogers Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UC
Interior features
Display Window, Public Restrooms
Exterior features
Sidewalk
Subdivision
CLAREMORE OT
Elementary school district
Claremore - Sch Dist (20)
Middle school district
Claremore - Sch Dist (20)
High school district
Claremore - Sch Dist (20)
Directions
POB: Will Rogers Blvd and Lynn Riggs. East on Will Rogers. Building is on the second block, right side (south) of road, 3rd from end of block.
Standard status
Active
APN
660009347
Size
3,760 SF
Lot size
0.05 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2025
Tax Description
E 19' LOT 7 & W 6' LOT 8 BLOCK 113 CLAREMORE O T
Tax Annual Amount
4060
Legal Description
E 19' LOT 7 & W 6' LOT 8 BLOCK 113 CLAREMORE O T
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1929
Building materials
Brick
Buildings
1
Listing Agency:
Keller Williams Premier · Keller Williams Realty
(918) 283-2252
Listed By:
Kevin Abbott
(918) 244-9706
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 26 at 8:06AM
MLS# 2638626
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.
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Investment Insights
Based on property information with market context.
This renovated, 3,760-square-foot mixed-use building dates to 1929 and occupies a 0.053-acre lot. The ground floor contains approximately 2,400 square feet of retail space with a display window and public restrooms; the retail area is leased. A separate street entrance leads to the second-floor short-term rental. Brick construction, central heating and air conditioning, and available cable service are among the building’s physical features. The property is zoned UC.
At 407 W Will Rogers Boulevard, the building is in downtown Claremore’s Lilac District. Shops, restaurants, and local attractions are part of the surrounding downtown setting. A sidewalk runs along the property.
At 407 W Will Rogers Boulevard, the building is in downtown Claremore’s Lilac District. Shops, restaurants, and local attractions are part of the surrounding downtown setting. A sidewalk runs along the property.
Key Highlights
- 3,760 square feet on a 0.053‑acre lot
- Approximately 2,400 square feet of ground‑floor retail space, currently leased
- Second‑floor short‑term rental with a separate street entrance
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A leased ground-floor storefront pairs with a second-floor short-term rental reached through its own street entrance.
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 feet on a 0.053‑acre lot; Approximately 2,400 square feet of ground‑floor retail space, currently leased; Second‑floor short‑term rental with a separate street entrance
