615 32nd St Muskogee, OK 74401-5012
Property Lookup
Property profile & analytics
615 32nd St Muskogee, OK 74401-5012
- Medical Office Space
- 7,076 SF
- 1.43 lot acres
Property ID
US69-0098976
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.
Location Intelligence
Current Use by Public Records
- Russell Holder, PA-C / Physician
- Muskogee Pulmonary Clinic / Medical Clinic
- Dr. Sang G. Lee, MD / Physician
- Mcdonald Amy S / Physician
- Muskogee Pulmonary Clinic Inc: Lee Brian MD / Physician
Property Details for 615 32nd St
- Year built
- 2002
- Lot size
- 1.43 lot acres
- Property size
- 7,076 SF
- Zone code
- E1
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 1855-28-002-002-3-102-00
- APU
- 185528002002310200
Description
This exceptional investment opportunity presents a fee-simple interest in a 7,076 square foot medical office building in Muskogee, Oklahoma. The property, built in 2022, is situated on a 0.78-acre lot at 615 S 32nd St, 74401, boasting a prime location with high visibility and traffic counts exceeding 29,000 vehicles daily. Currently 100% occupied by Utica Park Clinic under a 10-year NNN lease (commencing April 14, 2023, and expiring April 13, 2033), this investment offers a secure, long-term income stream. The lease includes a corporate guarantee from AHS Hillcrest Healthcare System, LLC, and features attractive 2% annual rent bumps, along with one 10-year renewal option. The property's strong tenant and lease structure contribute to a compelling 7.00% cap rate and a net operating income (NOI) of $132,947. The building's proximity to major medical facilities, including Saint Francis Hospital Muskogee and Cornerstone Hospital Muskogee, further enhances its value and potential for long-term growth within a dense medical corridor. The asking price is $1,900,000, translating to a price per square foot of $268.51. This is a rare opportunity to acquire a high-quality, single-tenant medical office building with a strong tenant, excellent lease terms, and a superior location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $875,000
- ML approach
- $760,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,100,000
- 6.5%
- $1,015,000
- 7%
- $945,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,146,000
- AI Estimate
- $967,000
Market price range: $547k - $1.15MMarket price range: $366k - $1.05M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $820,000 Current use
- RETAIL STORES
- $710,000 Change: -13% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $705,000 Change: -14% Conversion: Easy
- AUTO REPAIR, GARAGE
- $680,000 Change: -17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Muskogee
- County
- Muskogee
- State
- Oklahoma
- Longitude
- -95.4031
- Latitude
- 35.7488
- 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
$7,642
$23,176
$51,459
$74,635
-
$210,690
$467,810
$678,500
