Flex Office and Shop
514 E Will Rogers Blvd Claremore, OK 74017
514 E Will Rogers Blvd, Claremore, OK, 74017
$325,000
For Sale
$325,000
Office space opens to a large shop with storage, plus exterior access via a large garage door.
Property Size1,800 SF
Price / SF$180.56
Days on Market28
Property Features for 514 E Will Rogers Blvd
General Information
- Standard status
- Active
- Size
- 1,800 SF
Listing agency
Keller Williams Premier
(918) 724-0884
Listed by
Kim Cox · License #181478
(918) 724-0884
Source
Exprealty
Added: Jun 25 Updated: Jul 22 at 4:03AM Checked: Jul 22 at 4:03AM
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 Keller Williams Premier
Investment Insights
Based on property information with market context.
This flex building includes a large office space upon entry with two separate private offices off the front room. Attached to the office area is a sizable shop with substantial storage, and the shop can be accessed either from the exterior through a large garage door or from inside the office area.
The shop includes a bathroom, and HVAC was replaced after the 2024 tornado. Outside parking is available on the east side of the building for vehicles or trailers, accessible through a locked metal gate off the front of the property.
Overall, the configuration supports combined front-office functionality and back-shop space, with both interior and exterior access for operations.
The shop includes a bathroom, and HVAC was replaced after the 2024 tornado. Outside parking is available on the east side of the building for vehicles or trailers, accessible through a locked metal gate off the front of the property.
Overall, the configuration supports combined front-office functionality and back-shop space, with both interior and exterior access for operations.
Key Highlights
- Office space includes a front room with two separate private offices
- Connected large shop area with substantial storage, accessible from both the exterior and through the office
- Shop can be entered via a large exterior garage door
Local Financial Insights For Office B
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 | $35.2k | $19.56 |
| − Vacancy | −$3.6k | −$1.98 |
| EGI | $31.7k | $17.58 |
| − OpEx | −$7.9k | −$4.40 |
| NOI | $23.7k | $13.19 |
1,800 SF · lease $19.56/SF/yr · vacancy 10.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$339.1K
$296.7K – $395.7K
NOI $23,739 @ 7.0% cap · market cap 7.30%
Second Best
Warehouse
$175.3K
$153.4K – $204.6K
NOI $12,274 @ 7.0% cap · market cap 3.78%
Theoretical Best
Specialty Retail
$450.8K
$394.5K – $526.0K
NOI $31,558 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Guinn & Thomas Builders
Construction Company
The Same Page
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Office space opens to a large shop with storage, plus exterior access via a large garage door.
Where is this flex space located?
The property is located at 514 E Will Rogers Blvd Claremore, OK.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Office space includes a front room with two separate private offices; Connected large shop area with substantial storage, accessible from both the exterior and through the office; Shop can be entered via a large exterior garage door
