Flex Property with Office and
For Sale
$297,000
514 E Will Rogers Boulevard, Claremore, OK 74017
Combined workspace includes private offices, storage, gated vehicle parking, and a large garage door.
Property Size1,800 SF
Price / SF$165
Days on Market60
Property Features for 514 E Will Rogers Boulevard
General Information
Standard status
Active
Size
1,800 SF
Additional Details
Highway Access
Yes
Drive-In Doors
1
Building Details
Year Built
1975
Listing Agency:
Keller Williams Premier
Listed By:
Kim Cox · License #181478
(918) 724-0884
Source:
Alloverok
Added: Aug 15
Changed: Oct 7
Last Checked: Oct 7 at 1:03PM
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 1,800-square-foot flex property combines a front office area with two separate private offices and an attached shop. The shop provides substantial storage capacity, includes a bathroom, and can be entered either through the office or from outside using the large garage door. HVAC was replaced after the tornado of 2024.
The property is located at 514 E Will Rogers Boulevard in Claremore, on the east side of the city near Will Rogers and Hwy 20. Exterior parking on the east side of the building accommodates vehicles or trailers, with access through a locked metal gate at the front of the property.
The property is located at 514 E Will Rogers Boulevard in Claremore, on the east side of the city near Will Rogers and Hwy 20. Exterior parking on the east side of the building accommodates vehicles or trailers, with access through a locked metal gate at the front of the property.
Key Highlights
- 1,800‑square‑foot flex property with office and attached shop
- Front office area plus two separate private offices
- Shop includes substantial storage space and a bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,739
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,780
$474.8K
Cap Rate 7%
$339,129
$339.1K
Cap Rate 9%
$263,767
$263.8K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$35.2K $19.56/SF
− Vacancy
−$3.6K −$1.98/SF
EGI
$31.7K $17.58/SF
− OpEx
−$7.9K −$4.40/SF
NOI
$23.7K $13.19/SF
Area
Rogers County, OK
Vacancy
10.10%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,780
Cap Rate 7%
$339,129
Cap Rate 9%
$263,767
Alternative Uses
Best Use
Office B
$339.1K
$296.7K – $395.7K
NOI $23,739 @ 7.0% cap · market cap 7.99%
Second Best
Warehouse
$175.3K
$153.4K – $204.6K
NOI $12,274 @ 7.0% cap · market cap 4.13%
Theoretical Best
Specialty Retail
$450.8K
$394.5K – $526.0K
NOI $31,558 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,162
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Combined workspace includes private offices, storage, gated vehicle parking, and a large garage door.
Where is this flex space located?
The property is located at 514 E Will Rogers Boulevard Claremore, OK.
What is the asking price?
The asking price for this property is $297,000.
What are key features of this property?
This property features: 1,800‑square‑foot flex property with office and attached shop; Front office area plus two separate private offices; Shop includes substantial storage space and a bathroom
