132 E State Hwy 51
About This Property
Positioned just 2.25 miles from the Muskogee Turnpike, 9 miles from HWY 69, and 12.5 miles from the Creek Turnpike, the property offers outstanding regional connectivity throughout eastern Oklahoma. The site is conveniently located approximately 5.5 miles from Downtown Coweta, 9 miles from Wagoner, and 15 miles from Broken Arrow, placing it within reach of several expanding residential and commercial markets.
The property's location along a heavily traveled highway provides excellent visibility and exposure, while the mature trees and natural landscape create character and privacy rarely found on commercial parcels of this size. Whether you are looking to establish a business presence, secure land for future development, or add to your investment portfolio, this property offers an outstanding opportunity in one of the area's growing commercial corridors.
With strong highway exposure, convenient access to major transportation routes, and a strategic location between several growing communities, this property presents an excellent opportunity for investors, developers, and business owners alike. Buyer to verify zoning, utilities, and intended use. Buyer's agents welcome. Schedule a private showing today.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2026 | Listed by Keller Williams Advantage | $99,500 | |
| Listed by Keller Williams Advantage | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017