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    Property profile & analytics

    106 W Oklahoma Ave Guthrie, OK 73044

    • Retail space
    • 6,942 SF
    • 1.00 lot acres
    For Sale
    View listing
    $350,000
    Value Estimation
    Last Sale
    Apr 21, 2020
    $260,000
    Location Intelligence
    Property ID
    US69-0276988
    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

    • Cannabless Dispensary Guthrie / Cannabis Store / Medical Supply Store

    Property Details for 106 W Oklahoma Ave

    Year built
    1899
    Lot size
    1.00 lot acres
    Property size
    6,942 SF
    Property type
    Retail space
    APN
    420001317
    APU
    420001317

    Description

    This exceptional 6,942 square foot building, situated on a one-acre lot at 106 W Oklahoma Avenue in historic downtown Guthrie, Oklahoma, presents a unique investment opportunity. Constructed in 1899, shortly after the Oklahoma Land Run, this landmark property boasts a rich history. The ground floor, recently remodeled with new bathrooms, flooring, and HVAC systems, offers a turnkey solution for a restaurant or similar business. For over 25 years, it successfully housed the popular Hunan Palace restaurant, and more recently, operated as a medical marijuana dispensary. This demonstrates its adaptability and strong potential for various commercial uses. The upper floor, currently vacant, presents significant upside potential for conversion into office space or residential units, expanding the property's income streams. The building's prime location in the heart of Guthrie offers excellent visibility and accessibility. The asking price is $495,900, or the property is available for lease at $8 per square foot, NNN. This is a rare chance to acquire a piece of Oklahoma history and capitalize on its versatile commercial possibilities. The building's excellent condition and recent renovations minimize upfront capital expenditures, making it an attractive proposition for discerning investors and entrepreneurs.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $370,000
      6.5%
      $355,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $340,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $360,000
      Retail
      $380,000
      Mixed-Use
      $400,000
      Hospitality
      $410,000
      Educational
      $420,000
      Residential Income
      $410,000
      Energy
      $310,000
      Income-Based Land
      $325,000
      Food Service
      $305,000

    Location Insight

    • Map
    • Local Demand
    City
    Guthrie
    County
    Logan
    State
    Oklahoma
    Longitude
    -97.4257
    Latitude
    35.8783
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN 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
    $2,033
    $2,750
    $19,318
    $22,068
    -
    $25,000
    $235,259
    $260,259

    Comparable in this City

    • Value Estimation by Request
      3,220 SF

      121 Harrison Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,220 SF
      121 Harrison Ave, Guthrie, OK 73044-4728
      View Details
    • Value Estimation by Request
      4,350 SF

      115 Oklahoma Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,350 SF
      115 Oklahoma Ave, Guthrie, OK 73044-3129
      View Details
    • Value Estimation by Request
      4,772 SF

      109 Oklahoma Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,772 SF
      109 Oklahoma Ave, Guthrie, OK 73044-3145
      View Details
    • Value Estimation by Request
      2,000 SF

      Guthrie, OK 73044

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      Guthrie, OK 73044
      View Details
    • Value Estimation by Request
      5,366 SF

      118 Harrison Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,366 SF
      118 Harrison Ave, Guthrie, OK 73044-4727
      View Details
    • Value Estimation
      $750,000
      5,568 SF

      124 Oklahoma Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,568 SF
      124 Oklahoma Ave, Guthrie, OK 73044-3130
      View Details

    Similar Nearby for Sale

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      Charming corner lot suitable for office, retail, or restaurant.
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      Prime investment opportunity in Guthrie's historic district with endless possibilities.
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      Oklahoma Retail Investment Opportunity
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    Similar Nearby for Lease

    • $16 SF/Yr
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      Retail Suites in Guthrie, OK

      Retail/office suites available in high-traffic Guthrie location.
      2108 S Division St, Guthrie, OK 73044
      View Details
    • $12 SF/Yr
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      Retail Space Near Walmart

      Retail space available in well-maintained shopping center with ample parking.
      1726 S Division St, Guthrie, OK 73044
      View Details
    • $12 SF/Yr
      800 SF

      Retail Space Near Walmart

      Retail space available in well-maintained shopping center.
      1700-1726 S Division St, Guthrie, OK 73044
      View Details
    • $120 SF/Yr
      15,000 SF

      Guthrie Mixed-Use Commercial Property

      Versatile 15,000 sq ft space in prime location.
      2230 Division St, Guthrie, OK 73044
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    • $12 SF/Yr
      1,600 SF

      Guthrie Flex Space For Rent

      Flex space featuring office, bathroom, shop area, and overhead door.
      410 Sigma Pl, Guthrie, OK 73044
      View Details
    • $599,000
      7,332 SF

      Stand-Alone Office Building For Rent

      Stand-alone office building featuring private offices, conference rooms, and breakroom.
      324 N 19Th St, Guthrie, OK 73044
      View Details
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    106 W Oklahoma Ave
    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
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