Property profile

116 2nd St Guthrie, OK 73044

OFF-MARKET
Retail space
Property ID
US69-1137485
4,200 SF 1 ac lot Built 1890
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property in Guthrie, Oklahoma's historic district, presents a compelling value-add investment opportunity. The 6,500 square foot building, constructed in 1890 and renovated in 2001, boasts a unique blend of historic charm and modern amenities. The property comprises four apartments and one ground-floor commercial space, currently operating at 85% occupancy. One apartment unit and the commercial space are currently vacant, offering immediate upside potential for increased rental income. Convenient off-street parking is available for tenants and visitors. Located in downtown Guthrie, this property benefits from high visibility and easy access, with direct street-to-door parking. Its prime location near local shops, restaurants, and attractions enhances tenant appeal and provides a stable income stream. The property's well-maintained condition requires minimal upkeep, making it an attractive investment for both seasoned and new investors. The thriving Guthrie community, with its rich history and convenient access to major highways and nearby cities like Edmond and Oklahoma City, offers a supportive environment for both businesses and residents. This is a rare chance to acquire a piece of Guthrie's vibrant commercial and multi-family real estate market. The asking price is $800,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1890
Total area 4,200 SF
Lot 1 ac (43,560 SF)
APN 420001405
UPID US69-1137485

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center

Location

116 2nd St Guthrie, OK 73044-4716
Guthrie metro Census 601000 OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2020
$195,000
2019
Price N/A
2017
Price N/A
2016
$275,000
2011
Price N/A
2008
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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