Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    103 37th St Muskogee, OK 74401-2122

    • Auto shops
    • 1,830 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0614097
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Stay Home Services / Home Health Care Service / Wedding Bakery

    Property Details for 103 37th St

    Year built
    1978
    Lot size
    0.17 lot acres
    Property size
    1,830 SF
    Zone code
    E1
    Property type
    Auto shops
    APN
    0000-21-15N-18E-3-327-00
    APU
    00002115N18E332700

    Description

    This 1,479 square foot medical office building is located at 103 N 37th St, Muskogee, OK 74401. Built in 1978, this single-story, C-Class property sits on a 7,500 square foot lot and is currently vacant, presenting a fantastic opportunity for an investor or medical professional. The building is conveniently located across from Saint Francis Hospital in Muskogee and minutes away from the VA Hospital, placing it in the heart of the city's medical district. The interior layout is well-suited for medical practices, featuring a waiting room, reception area, three exam rooms, two private offices, a breakroom, and two bathrooms. Additional storage is provided by an on-site garage. The property is zoned C1 and offers significant potential for a variety of medical uses. The asking price is $174,500. This is a rare opportunity to acquire a well-positioned medical office building in a high-demand area. Don't miss out on this chance to establish or expand your medical practice in a thriving Muskogee location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $301,000
      Market price range: $79.9k - $301k
      AI Estimate
      $251,000
      Market price range: $74.2k - $251k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $175,000
      Current use
      MEDICAL BUILDING
      $210,000
      Change: +20% Conversion: Difficult
      RETAIL STORES
      $185,000
      Change: +4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $180,000
      Change: +3% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Muskogee
    County
    Muskogee
    State
    Oklahoma
    Longitude
    -95.4086
    Latitude
    35.7554
    CBSA code
    34780
    CBSA name
    MUSKOGEE, OK MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,319
    $4,125
    $8,762
    $12,887
    -
    $37,500
    $79,658
    $117,158

    Comparable in this City

    • Value Estimation
      $270,000
      2,160 SF

      620 Okmulgee St

      AUTO REPAIR, GARAGE • 2,160 SF
      620 Okmulgee St, Muskogee, OK 74401-7547
      View Details
    • Value Estimation
      $295,000
      2,940 SF

      18 Southside Blvd

      AUTO REPAIR, GARAGE • 2,940 SF
      18 Southside Blvd, Muskogee, OK 74401-7839
      View Details
    • Value Estimation
      $210,000
      3,750 SF

      1701 20th St

      AUTO REPAIR, GARAGE • 3,750 SF
      1701 20th St, Muskogee, OK 74401-2401
      View Details
    • Value Estimation
      $245,000
      2,856 SF

      Muskogee, OK 74401

      AUTO REPAIR, GARAGE • 2,856 SF
      Muskogee, OK 74401
      View Details
    • Value Estimation
      $265,000
      3,268 SF

      Muskogee, OK 74401

      AUTO REPAIR, GARAGE • 3,268 SF
      Muskogee, OK 74401
      View Details
    • Value Estimation
      $260,000
      2,400 SF

      612 Azalea Dr

      AUTO REPAIR, GARAGE • 2,400 SF
      612 Azalea Dr, Muskogee, OK 74401-8250
      View Details

    Similar Nearby for Sale

    • $1,695,000
      12,660 SF

      Muskogee Commercial Property with Warehouse

      Operating Grease Monkey franchise with warehouse space in Muskogee, OK.
      1107 W Shawnee Byp, Muskogee, OK 74401
      View Details
    • $1,709,034
      5,378 SF

      Muskogee Auto Shop Investment

      Net-leased auto shop, strong ROI.
      1501 Shawnee St, Muskogee, OK 74401
      View Details
    • $450,000
      7,052 SF

      Muskogee Automotive and Residential Investment

      Three properties for one price: auto shop, restaurant, and house.
      5026 W Okmulgee St, Muskogee, OK 74401
      View Details
    • $395,000
      1,500 SF

      Muskogee Automotive Service Property

      High-visibility commercial building on Hwy 69, suitable for service businesses.
      627 S 32Nd St, Muskogee, OK 74401
      View Details
    • $2,100,000
      9,014 SF

      Muskogee Commercial Property on Highway

      Expansive commercial property ideal for industrial or commercial use.
      2700 S 32Nd St, Muskogee, OK 74401
      View Details
    • $365,000
      1.45 Acres

      Muskogee Commercial Lot For Sale

      Downtown paved parking lot zoned CBD with utilities available.
      Denison St, Muskogee, OK 74401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,368 SF

      Prime Muskogee Drive-Thru Retail

      1-Acre Lot, 2368 SF, Vacant
      3143 Azalea Park Dr, Muskogee, OK 74401
      View Details
    • Contact for pricing
      21,015 SF

      Downtown Muskogee Office Space Available

      Customizable office spaces for lease in downtown Muskogee.
      215 State St, Muskogee, OK 74401
      View Details
    • Contact for pricing
      104,924 SF

      Muskogee Industrial Warehouse For Rent

      Large industrial warehouse with office space available for lease.
      2211 W Shawnee St, Muskogee, OK 74401
      View Details
    • $17 SF/Yr
      2,100 SF

      Medical Space Available For Rent

      Medical space available September 1, 2025 in Muskogee, Oklahoma.
      4318 W Okmulgee St, Muskogee, OK 74401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    103 37th St
    Muskogee, OK 74401-2122
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.