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    1515 Division St Guthrie, OK 73044

    Sponsored
    For Sale
    $2,800,000

    Oklahoma Retail Investment Opportunity

    Property size:
    34,582 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 34,582 square foot shopping center in Guthrie, Oklahoma, presents a compelling value-add investment opportunity. Priced at $2,800,000, this fully leased property boasts a 7.54% cap rate and a strong net operating income (NOI) of $211,106. The center features a diverse mix of long-term tenants, some occupying the space since the 1990s, ensuring consistent cash flow. Located at 1515 S Division St, 73044, the property benefits from a prime location with direct frontage on a highly trafficked intersection, directly across from a Walmart Supercenter with a signalized entrance. Two shadow anchors, Galleria Furniture and Walgreens, further enhance foot traffic and visibility. The property's land value is $101.74 per square foot. Guthrie's projected growth, fueled by developments along the North I-35 corridor, promises significant future appreciation. Convenient access to the Turnpike provides easy connectivity to Edmond and the Oklahoma City metro area. The triple net (NNN) lease structure minimizes landlord responsibilities. This is a rare opportunity to acquire a stable, high-performing retail asset in a thriving Oklahoma market. The property is 100% occupied.

    Property Features for 1515 Division St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    34,582 SF

    HighLights

    • 100% Leased, Brand New Construction
    • NNN Lease
    • Scooters Coffee currently operating.
    Property Profile Location Intelligence

    Current Use by Public Records

    Four Star Fitness ... Fitness Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Guthrie
    County
    Logan
    State
    Oklahoma
    Longitude
    -97.4268548
    Latitude
    35.8626232

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    FAQs

    What type of property is this?
    Lifestyle center - Oklahoma Retail Investment Opportunity
    Where is this lifestyle center located?
    The property is located at 1515 Division St Guthrie, OK.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: 100% Leased, Brand New Construction; NNN Lease; Scooters Coffee currently operating.
    Request Owner's contact information
    1515 Division St Guthrie, OK 73044
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    Guthrie, OK 73044
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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
    1515 Division St Guthrie, OK 73044
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