Flex Space with Stone
517 S Cherokee St Catoosa, OK 74015
517 S Cherokee St, Catoosa, OK, 74015
$585,000
For Sale
$585,000
Versatile flex building with stone front and exposed wood beams, about 40 yards from Route 66.
Property Size5,000 SF
Price / SF$117
Days on Market166
Property Features for 517 S Cherokee St
General Information
- Standard status
- Active
- Size
- 5,000 SF
Listing agency
OklaHomes Realty, Inc.
(918) 857-4065
Listed by
Edd McGehee · License #133217
(918) 857-4065
Source
Exprealty
Added: Feb 5 Updated: Jul 21 at 2:38PM Checked: Jul 21 at 2:38PM
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 OklaHomes Realty, Inc.
Investment Insights
Based on property information with market context.
This for-sale commercial flex property features a stone front and exposed wood beams, with room to incorporate flower beds or other custom landscaping along the exterior. The interior offers a versatile layout designed to support a range of business uses, including office use, business services, a mini warehouse, warehouse space, or mixed-use configurations.
Located at 517 S Cherokee St in Catoosa, OK, the property sits approximately 40 yards from Route 66, providing visibility and convenient access for customers and deliveries.
Located at 517 S Cherokee St in Catoosa, OK, the property sits approximately 40 yards from Route 66, providing visibility and convenient access for customers and deliveries.
Key Highlights
- Commercial flex building with stone front and exposed wood beams
- Versatile space suited for office use, business services, mini warehouse, warehouse, or mixed‑use possibilities
- About 40 yards from Route 66 for visibility and easy access
Local Financial Insights For Warehouse
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 | $42.0k | $8.40 |
| − Vacancy | −$1.9k | −$0.38 |
| EGI | $40.1k | $8.02 |
| − OpEx | −$6.0k | −$1.20 |
| NOI | $34.1k | $6.82 |
5,000 SF · lease $8.40/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$942.0K
$824.3K – $1.10M
NOI $65,942 @ 7.0% cap · market cap 11.27%
Second Best
Warehouse
$487.1K
$426.2K – $568.2K
NOI $34,094 @ 7.0% cap · market cap 5.83%
Theoretical Best
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,660 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto Hail Damage ...
Auto Repair Shop
Rock Famous Foundation
Construction Company
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FAQs
What type of property is this?
Flex space - Versatile flex building with stone front and exposed wood beams, about 40 yards from Route 66.
Where is this flex space located?
The property is located at 517 S Cherokee St Catoosa, OK.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Commercial flex building with stone front and exposed wood beams; Versatile space suited for office use, business services, mini warehouse, warehouse, or mixed‑use possibilities; About 40 yards from Route 66 for visibility and easy access
