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Property profile & analytics
OFF-MARKET
Commercial land
219 32nd St Muskogee, OK 74401-5004
Entity Owned
3-yr Hold
Free & Clear
Property ID
US69-2395182
Property summary
AI-generated overview
Exceptional investment opportunity in Muskogee, Oklahoma, presents a brand-new, 6,532 square foot medical office building situated on a 1.41-acre lot. This property boasts a strong 7.50% cap rate, generating a substantial net operating income (NOI) of $378,307 annually. The building, constructed in 2024, is currently 100% occupied under a long-term, 20-year absolute triple-net (NNN) lease with a corporate guarantee from Join Parachute, a company with over 19 locations. This provides significant security and stability for investors. The lease includes annual rental increases of 2% commencing in year six, ensuring consistent growth in rental income. The asking price for this exceptional investment is $5,044,090, translating to a price per square foot of $772.21. This property offers a compelling combination of strong tenant occupancy, a secure lease structure, and significant potential for long-term appreciation, making it an ideal addition to any investment portfolio. The property is located at 219 S 32nd St, Muskogee, OK 74401.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1965
Total area
6,692 SF
Lot
0.52 ac (22,782 SF)
Zoning code
F2
APN
4360-28-005-009-1-104-05
UPID
US69-2395182
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Boost Mobile Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pp Muskogee Ok Owner LLC · 3 yrs held
Pp Muskogee Ok Owner LLC
since 2023
Last sale
$400,000
5 recorded transactions
Zoning & alternative use
F2 · Muskogee, OK
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Muskogee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Muskogee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,167
Tax year 2023
Assessed value
$60,227
Assessed 2023
Previous assessed
$60,227
+0.0% YoY
Effective rate
10.24%
On assessed value
Assessed land
$15,036
Assessed improvement
$45,191
Land market value
$136,694
Improvement market value
$410,825
Total market value
$547,519
Applied tax rate
32.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1965
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
6,692 SF
Lot
0.52 ac (22,782 SF)
Zoning code
F2
APN
4360-28-005-009-1-104-05
UPID
US69-2395182
Jurisdiction
MUSKOGEE
Zoning & alternative use
F2 · Muskogee, OKZoning F2 · permitted uses
F2 · Muskogee, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 90 ZONING
Building & site characteristics
From public records
Year built
1965
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.52 ac
Current owner
From public records · entity-resolved
Pp Muskogee Ok Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 66, COLLINSVILLE, OK 74021-0066
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2026
—
N & J Real Properties LLC
—
Deed
related
$4,428,000
May 4, 2023
$400,000
Pp Muskogee Ok Owner LLC
American Bank Of Oklahoma
Special Warranty Deed
—
Nov 7, 2022
—
American Bank Of Oklahoma
Raymond Elam
Intrafamily Transfer
related
—
Sep 16, 2002
$215,000
Raymond Elam
Smith,william J & Susan E
Warranty Deed
related
—
—
—
Raymond Elam
—
Deed Of Trust
related
$539,000 · American Bk/oklahoma Muskogee-
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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