Building Details

Year built 1987

Listing Agency: McGraw REALTORS (BO) r***@mcgrawok.com Show Phone

Listed By: Eli Fritts · License #202965 Show Phone

Added: Aug 27 Changed: Sep 30 Last Checked: Oct 16 at 6:06PM

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MLS# 1246573

Copyright © 2026 MLSOK, 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 office property includes approximately 1,080 SF of space in a flexible configuration, with the potential for a retail conversion at the tenant’s expense. The property is zoned Commercial and was built in 1987. An additional 1,080-2,160 SF of warehouse or storage area is available downstairs, subject to negotiation.

The building has direct frontage on Hwy 37, with approximately 13,500 ADT, and visibility from Hwy 4, which carries approximately 17,800 ADT. The site encompasses 0.68 acres at 5300 E Highway 37 in Tuttle, Oklahoma.

Key Highlights

• Approximately 1,080 SF of flexible office space
• Additional 1,080‑2,160 SF of downstairs warehouse or storage space may be available
• Direct frontage on Hwy 37 with approximately 13,500 ADT

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$6,706

Suggested Prices Based on Cap Rates

Cap Rate 5%

$134,120 $134.1K

Cap Rate 7%

$95,800 $95.8K

Cap Rate 9%

$74,511 $74.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,080 SF

Gross rent

$10.4K $9.60/SF

− Vacancy

−$788 −$0.73/SF

EGI

$9.6K $8.87/SF

− OpEx

−$2.9K −$2.66/SF

NOI

$6.7K $6.21/SF

Area

Grady County, OK

Vacancy

7.60%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$134,120

Cap Rate 7%

$95,800

Cap Rate 9%

$74,511

Alternative Uses

Best Use

Flex RnD

$191.6K

$167.7K – $223.6K (±1% cap)

NOI $13,415 @ 7.0% cap · market cap 993.70%

Second Best

Office B

$130.9K

$114.5K – $152.7K (±1% cap)

NOI $9,160 @ 7.0% cap · market cap 678.52%

Theoretical Best

Specialty Retail

$261.1K

$228.4K – $304.6K (±1% cap)

NOI $18,274 @ 7.0% cap · market cap 1,353.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop Storage Facility (Bike/Boat/Book/etc) Store Barber Shop Grocery & Convenience Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

96

Businesses Nearby

Explore this area Business Placement

Demographics for 73089, OK

13,696

Population

5,040

Households

2.7

Avg Household Size

41

Median Age

26%

College-Educated

93%

High-School Grad

106.8 sq mi

ZIP Area

128

Density / Sq Mi

$101,205

Median Household Income

$52,277

Median Earnings

$912

Median Rent

$264,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Commercially zoned office space with a flexible layout and optional lower-level warehouse or storage area.

Where is this office units located?

The property is located at 5300 E Highway 37 Tuttle, OK.

What are key features of this property?

This property features: Approximately 1,080 SF of flexible office space; Additional 1,080‑2,160 SF of downstairs warehouse or storage space may be available; Direct frontage on Hwy 37 with approximately 13,500 ADT