Retail-Office Building with
415 W Cherokee St Wagoner, OK 74467
415 W Cherokee St, Wagoner, OK, 74467
$199,999
For Sale
$199,999
Well-maintained commercial building with Cherokee St frontage and an additional storage building, sold together as one property.
Property Size1,064 SF
Price / SF$187.97
Days on Market145
Property Features for 415 W Cherokee St
General Information
- Standard status
- Active
- Size
- 1,064 SF
Listing agency
Lankford & Co Real Estate LLC
(918) 240-7045
Listed by
Amanda Cole
(918) 240-7045
Source
Exprealty
Added: Feb 27 Updated: Jul 22 at 4:44AM Checked: Jul 22 at 4:44AM
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 Lankford & Co Real Estate LLC
Investment Insights
Based on property information with market context.
This well-maintained commercial building is being offered for sale as a relocation asset, not a closing. The property features a flexible layout suitable for retail, office, or service-oriented uses. The sale also includes an additional tax parcel (730022266) and an extra building currently used for storage.
The main building includes 1,064 square feet, and the additional storage building adds 2,197 square feet. The property has Cherokee St (Hwy 51) frontage and is described as having easy access and customer parking.
Per the seller, the property and additional parcel/building will only be sold together and will not be split, giving the buyer a combined footprint for operations and storage needs.
The main building includes 1,064 square feet, and the additional storage building adds 2,197 square feet. The property has Cherokee St (Hwy 51) frontage and is described as having easy access and customer parking.
Per the seller, the property and additional parcel/building will only be sold together and will not be split, giving the buyer a combined footprint for operations and storage needs.
Key Highlights
- Well‑maintained commercial building with Cherokee St (Hwy 51) frontage for customer traffic exposure
- Easy access and customer parking included
- Flexible layout suitable for retail, office, or service‑based businesses
Local 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 | $21.7k | $20.40 |
| − Vacancy | −$3.9k | −$3.67 |
| EGI | $17.8k | $16.73 |
| − OpEx | −$4.4k | −$4.18 |
| NOI | $13.3k | $12.55 |
1,064 SF · lease $20.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$190.7K
$166.9K – $222.5K
NOI $13,349 @ 7.0% cap · market cap 6.67%
Second Best
Retail
$168.0K
$147.0K – $196.0K
NOI $11,762 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$251.0K
$219.6K – $292.8K
NOI $17,569 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Action Air HeatingCoolingElectric
HVAC Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Well-maintained commercial building with Cherokee St frontage and an additional storage building, sold together as one property.
Where is this office units located?
The property is located at 415 W Cherokee St Wagoner, OK.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Well‑maintained commercial building with Cherokee St (Hwy 51) frontage for customer traffic exposure; Easy access and customer parking included; Flexible layout suitable for retail, office, or service‑based businesses
