Mixed-Use Property with Auto
For Sale
$875,000
6700 S Highway 66, Claremore, OK 74017
Highway-facing property combines retail, office, automotive, warehouse, and residential components in one operating location.
Property Size13,968 SF
Price / SF$62.64
Days on Market47
Property Features for 6700 S Highway 66
General Information
Standard status
Active
Size
13,968 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$11,404
Listing Agency:
Solid Rock, REALTORS
(918) 760-5203
Listed By:
Kimber Whorton · License #202948
(918) 760-5203
Source:
Exprealty
Added: Jul 15
Changed: Aug 30
Last Checked: Aug 30 at 2:02PM
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 Solid Rock, REALTORS
Investment Insights
Based on property information with market context.
This mixed-use property brings together a customer-facing retail area, three offices, a parts room, and a functional shop layout. The parts room has both interior and exterior access, while the shop includes two overhead lifts and six roll-up doors. Three additional warehouse buildings provide more covered space and include roll-up doors, 3-phase electric, and a loading dock.
Located at 6700 S Highway 66 in Claremore, the property has direct access from both northbound and southbound lanes of Highway 66, along with highway frontage and a 2025 daily traffic count of 10,439. A separate 2,072-square-foot home is also included, with three bedrooms, two full bathrooms, one half bath, and an 858-square-foot covered porch. The residence adds a distinct on-site component to the commercial improvements.
Located at 6700 S Highway 66 in Claremore, the property has direct access from both northbound and southbound lanes of Highway 66, along with highway frontage and a 2025 daily traffic count of 10,439. A separate 2,072-square-foot home is also included, with three bedrooms, two full bathrooms, one half bath, and an 858-square-foot covered porch. The residence adds a distinct on-site component to the commercial improvements.
Key Highlights
- Direct access from both northbound and southbound lanes of Highway 66
- Retail area, three offices, parts room, and automotive shop
- Shop includes two overhead lifts and six roll‑up doors
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
$78,927
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
9.02%
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%
$1,578,540
$1.6M
Cap Rate 7%
$1,127,529
$1.1M
Cap Rate 9%
$876,967
$877.0K
Market Conditions
NOI Build-Up for 13,968 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
$132.4K $9.48/SF
− Vacancy
−$11.0K −$0.79/SF
EGI
$121.4K $8.69/SF
− OpEx
−$42.5K −$3.04/SF
NOI
$78.9K $5.65/SF
Area
Rogers County, OK
Vacancy
8.30%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
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%
$1,578,540
Cap Rate 7%
$1,127,529
Cap Rate 9%
$876,967
Alternative Uses
Best Use
Retail
$2.80M
$2.45M – $3.27M
NOI $196,046 @ 7.0% cap · market cap 22.41%
Second Best
Mixed Use
$1.48M
$1.30M – $1.73M
NOI $103,712 @ 7.0% cap · market cap 11.85%
Theoretical Best
Specialty Retail
$3.50M
$3.06M – $4.08M
NOI $244,887 @ 7.0% cap · market cap 27.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Highway-facing property combines retail, office, automotive, warehouse, and residential components in one operating location.
Where is this mixed-use property located?
The property is located at 6700 S Highway 66 Claremore, OK.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Direct access from both northbound and southbound lanes of Highway 66; Retail area, three offices, parts room, and automotive shop; Shop includes two overhead lifts and six roll‑up doors
