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

    1620 Shawnee St Muskogee, OK 74401

    • Office buildings
    • 2,150 SF
    • 0.61 lot acres
    For Sale
    View listing
    $595,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0066196
    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

    • Office buildings

    Property Details for 1620 Shawnee St

    Year built
    1974
    Lot size
    0.61 lot acres
    Property size
    2,150 SF
    Zone code
    G
    Property type
    Office buildings
    APN
    3800-15-012-001-4-223-22
    APU
    380015012001422322

    Description

    This exceptional 2,150 square foot vacant storefront, located at 1620 W Shawnee St in Muskogee, Oklahoma, presents a remarkable investment opportunity. Priced at $595,000 ($276.74/sq ft), this Class B property boasts a prime location along the Shawnee corridor, recognized as Muskogee's fastest-growing retail area. Built in 1974, the single-story building sits on a 1.29-acre lot with generous frontage (132 x 425 feet). The property is zoned I-1, offering versatility for various retail or office uses. The listing includes the building and land only; any existing business is available for separate purchase. This is an ideal opportunity for entrepreneurs seeking a high-visibility location in a thriving commercial district. The property's size and location make it suitable for a wide range of businesses seeking to establish a strong presence in Muskogee. The vacant status allows for immediate occupancy and customization to meet specific business needs. With its substantial lot size, there is potential for future expansion or development. This property offers a unique blend of established location and growth potential. Don't miss this chance to secure a prominent position in Muskogee's dynamic retail landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Muskogee
    County
    Muskogee
    State
    Oklahoma
    Longitude
    -95.3841
    Latitude
    35.7704
    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
    $1,925
    $7,260
    $11,541
    $18,801
    -
    $66,000
    $104,918
    $170,918

    Comparable in this City

    • Value Estimation by Request
      1,875 SF

      416 Ct St

      OFFICE BUILDING • 1,875 SF
      416 Ct St, Muskogee, OK 74401-6327
      View Details
    • Value Estimation by Request
      588 SF

      1100 Main St

      OFFICE BUILDING • 588 SF
      1100 Main St, Muskogee, OK 74401-7854
      View Details
    • Value Estimation by Request
      1,085 SF

      2019 Main St

      OFFICE BUILDING • 1,085 SF
      2019 Main St, Muskogee, OK 74401-4131
      View Details
    • Value Estimation by Request
      1,400 SF

      102 24th St

      OFFICE BUILDING • 1,400 SF
      102 24th St, Muskogee, OK 74401-5215
      View Details
    • Value Estimation by Request
      2,500 SF

      219 3rd St

      OFFICE BUILDING • 2,500 SF
      219 3rd St, Muskogee, OK 74401-6692
      View Details
    • Value Estimation by Request
      6,943 SF

      620 Broadway St

      OFFICE BUILDING • 6,943 SF
      620 Broadway St, Muskogee, OK 74401-6219
      View Details

    Similar Nearby for Sale

    • $349,000
      4,640 SF

      Upgraded Office Building on Corner

      Corner lot office building with upgrades and storage in rear.
      1001 W Broadway St, Muskogee, OK 74401
      View Details
    • $349,000
      2,944 SF

      Downtown Muskogee Office Building For Sale

      Office building in downtown Muskogee with partial lease income.
      330 N 4Th St, Muskogee, OK 74401
      View Details
    • $339,500
      6,435 SF

      Muskogee Office Building For Sale

      Office building with large parking lot near downtown Muskogee.
      814 W Okmulgee Ave, Muskogee, OK 74401
      View Details
    • $495,000
      11,546 SF

      Downtown Muskogee Two-Story Office Building

      Two-story office building in Muskogee's Central Business District.
      419 W Broadway St, Muskogee, OK 74401
      View Details
    • $495,000

      Downtown Muskogee Office Building

      Two-story office building in downtown Muskogee with three established tenants.
      419 W Broadway St, Muskogee, OK 74401
      View Details
    • $5,044,090
      6,532 SF

      Muskogee Medical Office Investment

      High-yield medical office, NNN lease.
      219 32Nd St, Muskogee, OK 74401
      View Details

    Similar Nearby for Lease

    • 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
    • $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
    • 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
      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
    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.
    1620 Shawnee St
    Muskogee, OK 74401
    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.