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    219 32Nd St Muskogee, OK 74401

    Sponsored
    For Sale
    $5,044,090

    High-yield medical office, NNN lease.

    Property size:
    6,532 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity in Muskogee, Oklahoma, presents a brand-new, 6,532 square foot medical office building situated on a 1.41-acre lot. This property boasts a strong 7.50% cap rate, generating a substantial net operating income (NOI) of $378,307 annually. The building, constructed in 2024, is currently 100% occupied under a long-term, 20-year absolute triple-net (NNN) lease with a corporate guarantee from Join Parachute, a company with over 19 locations. This provides significant security and stability for investors. The lease includes annual rental increases of 2% commencing in year six, ensuring consistent growth in rental income. The asking price for this exceptional investment is $5,044,090, translating to a price per square foot of $772.21. This property offers a compelling combination of strong tenant occupancy, a secure lease structure, and significant potential for long-term appreciation, making it an ideal addition to any investment portfolio. The property is located at 219 S 32nd St, Muskogee, OK 74401.

    Property Features for 219 32Nd St

    General Information

    Property type
    Medical offices
    Square Feet
    6,532 SF
    Lot Size
    61,420 SF

    Building Details

    Year Built
    2024

    HighLights

    • $5,044,090 asking price for a 6,532 SF medical office building.
    • 20‑year absolute triple‑net (NNN) lease.
    • Annual rent increases of 2% starting in year 6.
    • Corporate guarantee from Join Parachute (19+ locations).
    • 7.50% cap rate with a $378,307 annual net operating income (NOI).
    • 100% occupancy in a brand‑new (2024) building on a 1.41‑acre lot in Muskogee, Oklahoma.
    Property Profile Location Intelligence

    Current Use by Public Records

    Boost Mobile Cell Phone Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muskogee
    County
    Muskogee
    State
    Oklahoma
    Longitude
    -95.4030768
    Latitude
    35.7533153

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    FAQs

    What type of property is this?
    Medical office - High-yield medical office, NNN lease.
    Where is this medical office located?
    The property is located at 219 32Nd St Muskogee, OK.
    What is the asking price?
    The asking price for this property is $5,044,090.
    What are key features of this property?
    This property features: $5,044,090 asking price for a 6,532 SF medical office building.; 20-year absolute triple-net (NNN) lease.; Annual rent increases of 2% starting in year 6.
    Request Owner's contact information
    219 32Nd St Muskogee, OK 74401
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    Muskogee, OK 74401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    219 32Nd St Muskogee, OK 74401
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