Updated Flex Space with
For Sale
$515,000
505 E Patti Page Boulevard, Claremore, OK 74017
Highway frontage connects office accommodations with functional warehouse operations.
Property Size3,912 SF
Price / SF$131.65
Days on Market89
Property Features for 505 E Patti Page Boulevard
General Information
Standard status
Active
Size
3,912 SF
Total Parking Spaces
7
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
1,500 SF
Office Build-Out
2,400 SF
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Solid Rock, REALTORS
Listed By:
Emily Dean · License #182451
(918) 341-7625
Source:
Thewolekgroup
Added: Jul 20
Changed: Oct 8
Last Checked: Oct 7 at 2:27PM
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 Solid Rock, REALTORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property combines approximately 2,400 square feet of office space with approximately 1,500 square feet of shop and warehouse area. The office portion includes a lobby, conference room, kitchen, three private offices, storage, one industrial bathroom, and two additional office bathrooms. A tankless hot water system serves the building.
Recent improvements include a TPO roof, a 2024 HVAC system, industrial garage doors and openers installed in 2024, a warehouse breaker box, new drywall, fresh paint, and spray foam insulation in the hallway and warehouse. The shop has added walls and electrical outlets. The exterior includes a new front window, two glass entry doors, a striped parking lot, and seven designated spaces.
The property is located at 505 E Patti Page Boulevard in Claremore, Oklahoma, along Highway 20 with approximately 145 feet of highway frontage and less than 1 mile from the Will Rogers Turnpike.
Recent improvements include a TPO roof, a 2024 HVAC system, industrial garage doors and openers installed in 2024, a warehouse breaker box, new drywall, fresh paint, and spray foam insulation in the hallway and warehouse. The shop has added walls and electrical outlets. The exterior includes a new front window, two glass entry doors, a striped parking lot, and seven designated spaces.
The property is located at 505 E Patti Page Boulevard in Claremore, Oklahoma, along Highway 20 with approximately 145 feet of highway frontage and less than 1 mile from the Will Rogers Turnpike.
Key Highlights
- Approximately 2,400 SF of office space and 1,500 SF of shop/warehouse space
- Approximately 145 feet of frontage along Highway 20
- Less than 1 mile from the Will Rogers Turnpike
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,675
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,500
$533.5K
Cap Rate 7%
$381,071
$381.1K
Cap Rate 9%
$296,389
$296.4K
Market Conditions
NOI Build-Up for 3,912 SF
Gross rent
$32.9K $8.40/SF
− Vacancy
−$1.5K −$0.38/SF
EGI
$31.4K $8.02/SF
− OpEx
−$4.7K −$1.20/SF
NOI
$26.7K $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%
$533,500
Cap Rate 7%
$381,071
Cap Rate 9%
$296,389
Alternative Uses
Best Use
Office B
$737.0K
$644.9K – $859.9K
NOI $51,593 @ 7.0% cap · market cap 10.02%
Second Best
Warehouse
$381.1K
$333.4K – $444.6K
NOI $26,675 @ 7.0% cap · market cap 5.18%
Theoretical Best
Specialty Retail
$979.8K
$857.3K – $1.14M
NOI $68,585 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
Under-served
Demand for This Use
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 Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Highway frontage connects office accommodations with functional warehouse operations.
Where is this flex space located?
The property is located at 505 E Patti Page Boulevard Claremore, OK.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Approximately 2,400 SF of office space and 1,500 SF of shop/warehouse space; Approximately 145 feet of frontage along Highway 20; Less than 1 mile from the Will Rogers Turnpike
