Flex Space with Office and
514 E Will Rogers Boulevard, Claremore, OK 74017
For Sale
$297,000
Commercial, Claremore, OK
Property Size1,800 SF
Lot Size0.13 Acres
Price / SF$165
Days on Market139
Property Features for 514 E Will Rogers Boulevard
General Information
Property type
Property subtype
Zoning
Interior features
Exterior features
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Building materials
Roof type
Listing Agency:
Keller Williams Premier · Keller Williams Realty
(918) 272-0809
Listed By:
Kim Cox · License OK #181478
(918) 724-0884
Added: Jun 25
Changed: Nov 7
Last Checked: Nov 10 at 6:06AM
MLS# 2623459
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,800-square-foot flex property, built in 1975, combines office and shop functions within a concrete building topped by a metal roof. The front office area includes a larger reception or workspace along with two private offices. A connected shop provides substantial storage, a bathroom, and dual access from the office area and the exterior garage door. Central heating and central air are in place, with the HVAC replaced after the 2024 tornado. High-speed internet and exterior lighting are also included.
Located at 514 E Will Rogers Boulevard in Claremore, the property sits near Will Rogers Boulevard and Hwy 20. The 0.127-acre site includes exterior parking on the east side for vehicles or trailers, with entry controlled by a locked metal gate at the front. Commercial zoning supports the property's stated office, shop, and storage configuration.
Located at 514 E Will Rogers Boulevard in Claremore, the property sits near Will Rogers Boulevard and Hwy 20. The 0.127-acre site includes exterior parking on the east side for vehicles or trailers, with entry controlled by a locked metal gate at the front. Commercial zoning supports the property's stated office, shop, and storage configuration.
Key Highlights
- 1,800 SF flex property with integrated office and shop areas
- Two private offices within the front office section
- Shop includes storage space, a bathroom, and exterior garage‑door access
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
Flex RnD
$145.3K
$127.1K – $169.5K
NOI $10,171 @ 7.0% cap · market cap 3.42%
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
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
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
$184,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Rogers County, OK
Properties on Market for Flex space in Rogers County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned property combines private offices, a work area, storage, and gated exterior parking.
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 SF flex property with integrated office and shop areas; Two private offices within the front office section; Shop includes storage space, a bathroom, and exterior garage‑door access
