Muskogee Commercial Property For
For Sale
$379,500
627 S 32nd Street, Muskogee, OK 74401
Commercial property with frontage on Hwy 69, includes equipment.
Property Size2,310 SF
Price / SF$164.29
Days on Market162
Property Features for 627 S 32nd Street
General Information
Standard status
Active
Size
2,310 SF
Property subtype
Commercial
Zoning
E1
Taxes and HOA fees
Annual Taxes
$3,169
Building Details
Building Size
2,310 SF
Year Built
1984
Listing Agency:
Interstate Properties, Inc.
(918) 781-9197
Listed By:
Earnie Gilder · License #45081
(918) 781-9197
Source:
Theloveteamoklahoma
Added: Mar 18
Changed: Aug 25
Last Checked: Aug 25 at 8:38AM
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 Interstate Properties, Inc.
Investment Insights
Based on property information with market context.
This commercial property features 140 feet of frontage along Highway 69. Currently operating as an oil lube and repair shop, the property includes two drive-thru bays with undercarriage access. The south end of the building has two overhead doors suitable for vehicle repairs or detailing. One side of the larger space is equipped with a car lift. The property is situated in a location with daily north and south traffic flow through Muskogee, Oklahoma. The building has a size of 2310 square feet. All equipment is included in the purchase.
Key Highlights
- Highly visible commercial property with 140 ft frontage on Hwy 69
- Fully functional oil lube & repair shop with existing business infrastructure
- Includes all equipment necessary for operation (equipment list in documents)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,624
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$472,480
$472.5K
Cap Rate 7%
$337,486
$337.5K
Cap Rate 9%
$262,489
$262.5K
Market Conditions
NOI Build-Up for 2,310 SF
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.
Gross rent
$34.7K $15.00/SF
− Vacancy
−$901 −$0.39/SF
EGI
$33.7K $14.61/SF
− OpEx
−$10.1K −$4.38/SF
NOI
$23.6K $10.23/SF
Area
Muskogee County, OK
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$472,480
Cap Rate 7%
$337,486
Cap Rate 9%
$262,489
Alternative Uses
Best Use
Retail
$337.5K
$295.3K – $393.7K
NOI $23,624 @ 7.0% cap · market cap 6.23%
Second Best
Industrial
$165.8K
$145.1K – $193.4K
NOI $11,604 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$483.5K
$423.1K – $564.1K
NOI $33,845 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
100k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 20%
Hotels & Casinos 1%
McDonald's
Dining
27,332 visits/mo
0.5 miles
Braum's Ice Cream & Dairy Stores
Dining
26,536 visits/mo
0.1 miles
Casey's
Shops & Services
20,147 visits/mo
0.1 miles
Wendy's
Dining
13,430 visits/mo
0.3 miles
Arby's
Dining
7,747 visits/mo
0.2 miles
Demographics for 74401, OK
16,181
Population
7,818
Households
2.1
Avg Household Size
40
Median Age
16%
College-Educated
85%
High-School Grad
110.9 sq mi
ZIP Area
146
Density / Sq Mi
$39,767
Median Household Income
$32,700
Median Earnings
$827
Median Rent
$122,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Crowder Auto Glass — 1109 S 23rd St, Muskogee, OK 74401
- GUARDIAN INTERLOCK OF MUSKOGEE — 806 S 32nd St, Muskogee, OK 74401
- Legendary Lube and Oil — 627 S 32nd St, Muskogee, OK 74401
- EM Express Tire Shop LLC #2 — 500 S 32nd St, Muskogee, OK 74401
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property with frontage on Hwy 69, includes equipment.
Where is this auto shop located?
The property is located at 627 S 32nd Street Muskogee, OK.
What is the asking price?
The asking price for this property is $379,500.
What are key features of this property?
This property features: Highly visible commercial property with **140 ft frontage on Hwy 69**; Fully functional oil lube & repair shop with existing business infrastructure; Includes all equipment necessary for operation (equipment list in documents)
