Professional Office
411 W 1st Street Claremore, OK 74017
New
For Sale
$380,000
Office building with reception area, five private offices, two restrooms, kitchenette, and a flexible multi-purpose room.
Property Size1,924 SF
Price / SF$197.51
Days on Market6
Property Features for 411 W 1st Street
General Information
Standard status
Active
Size
1,924 SF
Property subtype
Commercial
Building Details
Year Built
1981
Listing Agency:
Keller Williams Premier
(918) 814-0241
Listed By:
Patricia Lederman
(918) 814-0241
Source:
Eufaulaproperties
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 28 at 6:29PM
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 professional office building offers a thoughtfully designed interior with a reception and lobby area, five private offices, two restrooms, a kitchenette, and a flexible multi-purpose room that can support meetings, training, or additional workspace. The layout is well-suited for businesses seeking a private-office environment alongside shared reception functions.
The property is located directly across from the Rogers County Courthouse, providing convenient visibility and access in Claremore.
With its combination of private offices and an adaptable multi-purpose room, the space supports a range of professional uses for either owner-occupants or investors.
The property is located directly across from the Rogers County Courthouse, providing convenient visibility and access in Claremore.
With its combination of private offices and an adaptable multi-purpose room, the space supports a range of professional uses for either owner-occupants or investors.
Key Highlights
- 1,924 SF professional office building built in 1981
- Layout includes a reception and lobby area plus five private offices
- Two restrooms and a kitchenette in the office space
Financial Insights For Office B
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 | $37.6k | $19.56 |
| − Vacancy | −$3.8k | −$1.98 |
| EGI | $33.8k | $17.58 |
| − OpEx | −$8.5k | −$4.40 |
| NOI | $25.4k | $13.19 |
1,924 SF · lease $19.56/SF/yr · vacancy 10.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$362.5K
$317.2K – $422.9K
NOI $25,374 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$481.9K
$421.7K – $562.2K
NOI $33,732 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building with reception area, five private offices, two restrooms, kitchenette, and a flexible multi-purpose room.
Where is this office building located?
The property is located at 411 W 1st Street Claremore, OK.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 1,924 SF professional office building built in 1981; Layout includes a reception and lobby area plus five private offices; Two restrooms and a kitchenette in the office space
