Building Details

Year Built 1985

Listing Agency: Keller Williams Premier

Listed By: Sara E Alexander · License #158552 Show Phone

Source: Thewolekgroup

Added: Jul 12 Changed: Oct 8 Last Checked: Oct 15 at 2:21AM

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Investment Insights

Based on property information with market context.

This 7,420-square-foot manufacturing facility, built in 1985, combines a climate-controlled production area with infrastructure designed for machine-shop operations. Electrical service includes single-phase 230V, three-phase 230V, and three-phase 480V power, with provisions for seven complete machine units. Integrated airlines run throughout the workspace, with designated areas for large air compressors and band saws.

The building also includes two private offices, a full kitchen, a full bathroom, separate men’s and women’s restrooms, and storage space. Fifteen customer parking spaces are provided on site. The property is located one block from Historic Route 66 in Claremore, Oklahoma, with access suited to industrial business operations.

Key Highlights

• 7,420 SF manufacturing facility built in 1985
• Single‑phase 230V, three‑phase 230V, and three‑phase 480V electrical service
• Infrastructure in place for seven complete machine units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,595

Cap Rate

7.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,011,900 $1.0M

Cap Rate 7%

$722,786 $722.8K

Cap Rate 9%

$562,167 $562.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,420 SF

Gross rent

$62.3K $8.40/SF

− Vacancy

−$2.8K −$0.38/SF

EGI

$59.5K $8.02/SF

− OpEx

−$8.9K −$1.20/SF

NOI

$50.6K $6.82/SF

Area

Rogers County, OK

Vacancy

4.50%

Lease Rate

$8.40 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,011,900

Cap Rate 7%

$722,786

Cap Rate 9%

$562,167

Alternative Uses

Best Use

Warehouse

$722.8K

$632.4K – $843.3K (±1% cap)

NOI $50,595 @ 7.0% cap · market cap 7.56%

Second Best

Industrial

$634.4K

$555.1K – $740.2K (±1% cap)

NOI $44,409 @ 7.0% cap · market cap 6.64%

Theoretical Best

Specialty Retail

$1.86M

$1.63M – $2.17M (±1% cap)

NOI $130,087 @ 7.0% cap · market cap 19.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Superior Grinding & Sales, ... Industrial Manufacturer

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Bakery Veterinary Clinic Locksmith Acupuncture Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,140

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Heavy electrical service and dedicated machine infrastructure support industrial production.

Where is this manufacturing property located?

The property is located at 421 W Claremore St Claremore, OK.

What is the asking price?

The asking price for this property is $669,000.

What are key features of this property?

This property features: 7,420 SF manufacturing facility built in 1985; Single‑phase 230V, three‑phase 230V, and three‑phase 480V electrical service; Infrastructure in place for seven complete machine units