Technical
Financial
Distress signals
Property profile

1220 Florence Ave Claremore, OK 74017

OFF-MARKET
Medical Office Space
Property ID
US69-0497948
5,360 SF 2.07 ac lot Built 1989
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Claremore, Oklahoma property, located at 1220 N Florence Ave, 74017, presents a unique investment opportunity. The building, totaling 1,393 square feet, is classified as both medical office and commercial space, offering versatile usage potential. Currently configured as a single-suite building with multiple tenants, this property provides immediate income generation. The building sits on a parcel of land (size not specified) and is ideally suited for a variety of medical or commercial uses. The property's location in Claremore offers convenient access to major roadways and local amenities, ensuring high visibility and accessibility for businesses and patients. With a total of 1,393 square feet of space, the building is currently occupied by multiple tenants. While the listing mentions one available space of 2,513 square feet, this appears to be a discrepancy in the provided data. Further clarification on the available space is recommended. This property is an excellent choice for investors seeking a stable, income-producing asset in a thriving Oklahoma community. The property's versatility and prime location make it an attractive option for a wide range of businesses. Interested parties are encouraged to conduct their own due diligence to verify all aspects of the property.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1989
Total area 5,360 SF
Lot 2.07 ac (90,047 SF)
APN 9693
UPID US69-0497948

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
  • Physician
  • Physician Medical Clinic
  • Physician
  • Physician
  • Physician Medical Clinic

Location

1220 Florence Ave Claremore, OK 74017-4381
Claremore metro Census 50202 TULSA, OK METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$823k
Blend (final) Blend
$800k

Owner & transaction history

since 2007
3 recorded transactions
2020
Price N/A
2018
Price N/A
2007
$1.7M

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.2M +88.1%
Office building $810,000 +28.8%

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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