Flex Space With Roll-Up
New
For Sale
Contact for pricing
415 W Cherokee Street, Wagoner, OK 74467
Built-out offices and a large front room support office, reception, showroom, or storage functions.
Property Size864 SF
Price / SF$138.89
Days on Market6
Property Features for 415 W Cherokee Street
General Information
Standard status
Active
Size
864 SF
Property subtype
Office
Building Details
Year Built
1962
Buildings
1
Listing Agency:
C21/First Choice Realty
(918) 485-5585
Listed By:
Amanda Cole · License #185461
Source:
Crexi
Added: Jul 31
Changed: Aug 3
Last Checked: Aug 4 at 6:59AM
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 C21/First Choice Realty
Investment Insights
Based on property information with market context.
This flex space includes offices and rooms already configured for business use, along with a large front room that can serve as reception or showroom space. A roll-up garage door at the rear provides access to an additional storage or warehouse area. The property was built in 1962 and is located at 415 W Cherokee Street in Wagoner, Oklahoma. The reported property size is 864, and added square footage is not reflected in tax records.
Key Highlights
- Built‑out offices and rooms for immediate business use
- Large front room suited for reception or showroom functions
- Rear roll‑up garage door with storage or warehouse area
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 | $17.6k | $20.40 |
| − Vacancy | −$3.2k | −$3.67 |
| EGI | $14.5k | $16.73 |
| − OpEx | −$3.6k | −$4.18 |
| NOI | $10.8k | $12.55 |
864 SF · lease $20.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$154.9K
$135.5K – $180.7K
NOI $10,840 @ 7.0% cap · market cap 9.03%
Second Best
Flex RnD
$107.4K
$94.0K – $125.4K
NOI $7,521 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$203.8K
$178.3K – $237.8K
NOI $14,266 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74467, OK
13,981
Population
6,826
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
88%
High-School Grad
154.1 sq mi
ZIP Area
91
Density / Sq Mi
$58,398
Median Household Income
$39,350
Median Earnings
$852
Median Rent
$149,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Built-out offices and a large front room support office, reception, showroom, or storage functions.
Where is this flex space located?
The property is located at 415 W Cherokee Street Wagoner, OK.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Built‑out offices and rooms for immediate business use; Large front room suited for reception or showroom functions; Rear roll‑up garage door with storage or warehouse area
