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Property profile & analytics
OFF-MARKET
Medical Office Space

823 Jim Thorpe Blvd Prague, OK 74864-4522

250 SF 0.08 ac lot Built 1910
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US69-0375235
Property summary
AI-generated overview

This stunning two-story brick building, constructed in 1910, offers 2,500 square feet of versatile office space in the desirable town of Prague, OK. Strategically located on Jim Thorpe Boulevard (Highway 377 and Highway 99), this property boasts exceptional visibility and convenient access, situated midway between Oklahoma City (55 miles) and Tulsa (70 miles). The first floor features a professionally designed office suite complete with an ADA-compliant restroom, a walk-up reception window, a seating area, and a private office, along with six additional offices and a break room. Multiple access points are available, including entrances on Jim Thorpe Boulevard, 9th Street, and a rear entrance, allowing for flexible space configurations and enhanced privacy. Each office space is equipped with high-speed internet connectivity. A second ADA-compliant restroom is also located on the first floor. Locked doors ensure privacy between different business occupants. The entire second floor, approximately 2,500 square feet, is currently vacant and presents a significant opportunity for expansion, customization, or the creation of additional office spaces or apartments. This expansive area benefits from abundant natural light and private access. The property sits on a 0.08-acre lot and features a brand-new roof, ensuring long-term protection. Its location in a sought-after small community, with major roadways running through Prague, provides excellent accessibility and visibility. The property is also within easy reach of Shawnee (25 miles) and Dallas, Texas (230 miles). This is an exceptional investment opportunity or ideal for a business seeking a prominent and well-equipped office space.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1910
Total area 250 SF
Lot 0.08 ac (3,500 SF)
APN 5000-00-031-024-0-000-00
UPID US69-0375235
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
  • Beauty Thru Health Dermatology Physician Medical Clinic
  • Waypoint Mental Health Counseling Counselor Mental Health Service
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
Peggy I Mckee · 8 yrs held
Peggy I Mckee
since 2017
1 recorded transaction
2017
$150,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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