Commercial Land with Highway
New
For Sale
$1,200,000
4707 E 37 Highway, Tuttle, OK 73089
Commercial Sale, Tuttle, OK
Property Size4,800 SF
Lot Size1.52 Acres
Price / SF$250
Days on Market1
Property Features for 4707 E 37 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
approx .25 miles west from intersection (stoplight) of highway 4 (Mustang Rd) & Highway 37
Standard status
Active
APN
4707E3773089
Size
4,800 SF
Lot size
1.52 Acres
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1982
Floors in Building
1
Listing Agency:
Whittington Realty
(405) 703-4100
Listed By:
Jennifer Bullard · License #119283
(405) 408-2613
Added: Oct 7
Last Checked: Oct 7 at 9:06PM
MLS# 1252803
Copyright © 2026 MLSOK, 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 1.52-acre commercial land parcel includes two buildings totaling 4,800 square feet, built in 1982. Both buildings are currently occupied by businesses. The property has Commercial zoning, public water, and a septic system; heating is natural gas and cooling is electric.
The site offers 199 feet of frontage on Highway 37 and sits approximately 1/4 mile from the Highway 4 and Highway 37 signalized intersection. Nearby, Braum's has purchased land and McDonald's has acquired and cleared a lot for construction.
The site offers 199 feet of frontage on Highway 37 and sits approximately 1/4 mile from the Highway 4 and Highway 37 signalized intersection. Nearby, Braum's has purchased land and McDonald's has acquired and cleared a lot for construction.
Key Highlights
- 1.52‑acre commercial parcel with 199 feet of Highway 37 frontage
- Two existing buildings totaling 4,800 square feet; both are occupied by businesses
- Built in 1982; Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,880
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,600
$957.6K
Cap Rate 7%
$684,000
$684.0K
Cap Rate 9%
$532,000
$532.0K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$72.0K $15.00/SF
− Vacancy
−$3.6K −$0.75/SF
EGI
$68.4K $14.25/SF
− OpEx
−$20.5K −$4.27/SF
NOI
$47.9K $9.98/SF
Area
Grady County, OK
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,600
Cap Rate 7%
$684,000
Cap Rate 9%
$532,000
Alternative Uses
Best Use
Retail
$684.0K
$598.5K – $798.0K
NOI $47,880 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.16M
$1.02M – $1.35M
NOI $81,216 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Explore this area
Business Placement
Demographics for 73089, OK
13,696
Population
5,040
Households
2.7
Avg Household Size
41
Median Age
26%
College-Educated
93%
High-School Grad
106.8 sq mi
ZIP Area
128
Density / Sq Mi
$101,205
Median Household Income
$52,277
Median Earnings
$912
Median Rent
$264,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Two businesses currently occupy the site's existing improvements.
Where is this commercial land located?
The property is located at 4707 E 37 Highway Tuttle, OK.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1.52‑acre commercial parcel with 199 feet of Highway 37 frontage; Two existing buildings totaling 4,800 square feet; both are occupied by businesses; Built in 1982; Commercial zoning
