Back to Search
Renovated Mixed-Use Building in Claremore

407 W Will Rogers Blvd Claremore, OK 74017

407 W Will Rogers Blvd, Claremore, OK, 74017
$484,900
For Sale
Claim this Listing
$484,900

Income-producing property in the heart of Claremore's historic Lilac District.

Property Size3,760 SF
Price / SF$128.96
AddedApr 15
Days on Market92
Last RefreshJun 29 at 9:21 pm

Property Features for 407 W Will Rogers Blvd

General Information

Standard status
Active
Size
3,760 SF

Listing office Keller Williams Premier

Listing date Apr 15, 2026

Source Exprealty

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


Investment Insights

Based on property information with market context.

This fully renovated mixed-use building is located in the heart of Claremore's historic Lilac District. The property offers a rare opportunity to own an income-producing building in a desirable downtown location. The ground floor features approximately 2,400 square feet of retail space, which includes a large storefront display window and visibility along Will Rogers Boulevard. The retail space is currently leased, providing immediate rental income. The second floor, accessible via a private street entrance, has been converted into a successful Airbnb short-term rental, offering additional income potential and flexibility for investors or owner-operators. The 3,760 square foot building combines historic charm with updated functionality, making it suitable for retail, office, restaurant, or mixed-use investment. Situated in downtown Claremore, the property is surrounded by shops, restaurants, and local attractions, creating a prime location for a long-term investment with multiple income streams already in place. Opportunities like this in the Lilac District are rare, especially with existing income from both commercial and residential use.

Key Highlights

  • Prime location in Claremore's historic Lilac District, surrounded by shops and restaurants.
  • Income‑producing property with existing leases on both retail and Airbnb units.
  • Fully renovated mixed‑use building combining historic charm with updated functionality.

Local Financial Insights For Mixed Use

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 $49.6k $13.20
− Vacancy −$5.0k −$1.32
EGI $44.7k $11.88
− OpEx −$16.8k −$4.46
NOI $27.9k $7.42
3,760 SF · lease $13.20/SF/yr · vacancy 10.00% · expense 37.50%

Alternative Uses

Best Use
Retail
$753.9K
$659.7K – $879.6K (±1% cap)
NOI $52,773 @ 7.0% cap · market cap 10.88%
Second Best
Mixed Use
$398.8K
$349.0K – $465.3K (±1% cap)
NOI $27,918 @ 7.0% cap · market cap 5.76%
Theoretical Best
Specialty Retail
$941.7K
$824.0K – $1.10M (±1% cap)
NOI $65,920 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

The Happydashery (Bike/Boat/Book/etc) Store The Haberdashery Clothing & Fashion Store

Suggested Use

Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Grooming Service Bakery (Bike/Boat/Book/etc) Store Travel Agency Tattoo & Piercing Shop Computer & Electronic Repair Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Income-producing property in the heart of Claremore's historic Lilac District.
Where is this mixed-use property located?
The property is located at 407 W Will Rogers Blvd Claremore, OK.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: Prime location in Claremore's historic Lilac District, surrounded by shops and restaurants.; Income‑producing property with existing leases on both retail and Airbnb units.; Fully renovated mixed‑use building combining historic charm with updated functionality.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message