Five-Office Commercial
For Sale
$375,000
411 W 1st St, Claremore, OK 74017
Includes two bathrooms, a kitchenette, reception area, and multipurpose room.
Property Size1,924 SF
Price / SF$194.91
Days on Market63
Property Features for 411 W 1st St
General Information
Standard status
Active
Size
1,924 SF
Amenities
kitchenette
reception-lobby area
muti-purpose room
Building Details
Year Built
1981
Buildings
1
Listing Agency:
Keller Williams Premier
Listed By:
Patricia Lederman
(918) 814-0241
Source:
Alloverok
Added: Aug 16
Changed: Oct 15
Last Checked: Oct 7 at 1:57PM
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.
This 1,924-square-foot office building is configured with five private office spaces, two bathrooms, a kitchenette, a reception-lobby area, and a multipurpose room. The layout provides a mix of dedicated work areas and shared support space within a professional commercial setting.
The property is located at 411 W 1st St in Claremore, directly across from the Rogers County Courthouse. Its position places the building within Claremore’s commercial district and provides a clearly identified office location for occupants and visitors.
The property is located at 411 W 1st St in Claremore, directly across from the Rogers County Courthouse. Its position places the building within Claremore’s commercial district and provides a clearly identified office location for occupants and visitors.
Key Highlights
- 1,924 SF office building at 411 W 1st St, Claremore, OK
- Five office spaces with reception‑lobby area
- Two bathrooms and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,374
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,480
$507.5K
Cap Rate 7%
$362,486
$362.5K
Cap Rate 9%
$281,933
$281.9K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$37.6K $19.56/SF
− Vacancy
−$3.8K −$1.98/SF
EGI
$33.8K $17.58/SF
− OpEx
−$8.5K −$4.40/SF
NOI
$25.4K $13.19/SF
Area
Rogers County, OK
Vacancy
10.10%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,480
Cap Rate 7%
$362,486
Cap Rate 9%
$281,933
Alternative Uses
Best Use
Office B
$362.5K
$317.2K – $422.9K
NOI $25,374 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$481.9K
$421.7K – $562.2K
NOI $33,732 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
Explore this area
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Includes two bathrooms, a kitchenette, reception area, and multipurpose room.
Where is this office building located?
The property is located at 411 W 1st St Claremore, OK.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,924 SF office building at 411 W 1st St, Claremore, OK; Five office spaces with reception‑lobby area; Two bathrooms and a kitchenette
