Climate-Controlled Manufacturing
New
For Sale
$620,000
421 W Claremore Street, Claremore, OK 74017
Commercial, Claremore, OK
Property Size7,420 SF
Lot Size0.17 Acres
Price / SF$83.56
Days on Market3
Property Features for 421 W Claremore Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COM-NEC
Exterior features
Lighting
Subdivision
CLAREMORE OT
Elementary school district
Claremore - Sch Dist (20)
Middle school district
Claremore - Sch Dist (20)
High school district
Claremore - Sch Dist (20)
Directions
Go East one block on Claremore St from Hwy 66. Property at the corner of S Missouri Ave and W Claremore St.
Standard status
Active
Size
7,420 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 50' LOT 5 BLOCK 148 CLAREMORE OT
Tax Annual Amount
1355
Legal Description
N 50' LOT 5 BLOCK 148 CLAREMORE OT
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
full kitchen
full bathroom
separate his and hers restrooms
ample storage
two private offices
integrated airlines
space for air compressors and band saws
Building Details
Year built
1985
Building materials
Aluminum
Roof type
Metal
Listing Agency:
Keller Williams Premier · Keller Williams Realty
(918) 272-0809
Listed By:
Sara E Alexander · License #158552
(918) 557-9062
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 17 at 9:06AM
MLS# 2634067
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,420-square-foot manufacturing facility occupies 0.17 acres and was built in 1985. The climate-controlled shop includes Single-Phase 230V, 3-Phase 230V, and 3-Phase 480V electrical service, with infrastructure arranged for seven machine units. Integrated airlines, space for large air compressors and band saws, and a metal roof support industrial operations. The property also provides two private offices, a kitchen, one full bathroom, separate men’s and women’s restrooms, and storage areas.
Located one block from Historic Route 66 in Claremore, the property has dedicated parking for 15 customers and lighting among its exterior features. Central heating and central air conditioning serve the building. The site is zoned COM-NEC; future zoning should be verified with the City of Claremore.
Located one block from Historic Route 66 in Claremore, the property has dedicated parking for 15 customers and lighting among its exterior features. Central heating and central air conditioning serve the building. The site is zoned COM-NEC; future zoning should be verified with the City of Claremore.
Key Highlights
- 7,420‑square‑foot manufacturing building on 0.17 acres
- Single‑Phase 230V, 3‑Phase 230V, and 3‑Phase 480V power
- Infrastructure in place for seven complete machine units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,595
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,011,900
$1.0M
Cap Rate 7%
$722,786
$722.8K
Cap Rate 9%
$562,167
$562.2K
Market Conditions
NOI Build-Up for 7,420 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $50,595 @ 7.0% cap · market cap 8.16%
Second Best
Industrial
$634.4K
$555.1K – $740.2K
NOI $44,409 @ 7.0% cap · market cap 7.16%
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,087 @ 7.0% cap · market cap 20.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Heavy power
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing facility with industrial power, machine-ready infrastructure, offices, and customer parking.
Where is this manufacturing property located?
The property is located at 421 W Claremore Street Claremore, OK.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 7,420‑square‑foot manufacturing building on 0.17 acres; Single‑Phase 230V, 3‑Phase 230V, and 3‑Phase 480V power; Infrastructure in place for seven complete machine units
