Two Rented Retail
4707 E Highway 37 Tuttle, OK 73089
4707 E Highway 37, Tuttle, OK, 73089
$1,200,000
For Sale
$1,200,000
Two retail buildings on a property with 199 feet of highway frontage, each with a separate mailing address.
Property Size4,800 SF
Price / SF$250
Days on Market289
Property Features for 4707 E Highway 37
General Information
- Standard status
- Active
- Size
- 4,800 SF
Listing agency
Whittington Realty
(405) 408-2613
Listed by
Jennifer J Bullard · License #119283
(405) 408-2613
Source
Exprealty
Added: Oct 7, 2025 Updated: Jul 22 at 4:55AM Checked: Jul 22 at 4:55AM
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 Whittington Realty
Investment Insights
Based on property information with market context.
The property includes two separate retail buildings on one tract, with two different mailing addresses: 4707 E Highway 37 and 4709 E Highway 37. Both properties are currently rented to businesses. The listing notes 199 feet of highway frontage.
The buildings are approximately 1/4 mile from the stoplight at Highway 4 (Mustang Rd) and Highway 37. The remarks also state that the neighboring property to the west (4705 E Highway 37) is for sale, which could provide additional highway frontage if combined.
Additional land is described as being available for purchase north of the property. The remarks note 2.12 acres north of the site may be purchased in combination with 4705 E Highway 37 and/or 4707 & 4709 E Highway 37.
The buildings are approximately 1/4 mile from the stoplight at Highway 4 (Mustang Rd) and Highway 37. The remarks also state that the neighboring property to the west (4705 E Highway 37) is for sale, which could provide additional highway frontage if combined.
Additional land is described as being available for purchase north of the property. The remarks note 2.12 acres north of the site may be purchased in combination with 4705 E Highway 37 and/or 4707 & 4709 E Highway 37.
Key Highlights
- Two retail buildings on one property with 199' of highway frontage
- Separate mailing addresses: 4707 E Highway 37 and 4709 E Highway 37
- Both buildings are currently rented to businesses
Local Financial Insights For Retail
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 | $72.0k | $15.00 |
| − Vacancy | −$3.6k | −$0.75 |
| EGI | $68.4k | $14.25 |
| − OpEx | −$20.5k | −$4.27 |
| NOI | $47.9k | $9.98 |
4,800 SF · lease $15.00/SF/yr · vacancy 5.00% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two retail buildings on a property with 199 feet of highway frontage, each with a separate mailing address.
Where is this retail space located?
The property is located at 4707 E Highway 37 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: Two retail buildings on one property with 199' of highway frontage; Separate mailing addresses: 4707 E Highway 37 and 4709 E Highway 37; Both buildings are currently rented to businesses
