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    Brokers
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    • Property Lookup
    • Brokers

    Micah McGahan, Oklahoma City, OK

    License ID: 159945
    Years of Experience
    11
    Association
    Oklahoma City Metropolitan Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (405) 740-4808
    Office Address:
    14679 Midway Rd. Ste 125, Addison, TX

    Property Types

    • Commercial Sale
    • Land

    Performance

    Listings
    9
    Total transactions
    145
    Total transactions amount
    $41M
    Price range
    $189k - 425k
    Average price
    $283k

    Listings

    For Sale (9)

    View map
    • $1,255,000
      47.80 Acres

      Land Ready For Development

      47.8 acres suitable for farming, recreation, or development.
      901 E 1St St, Hydro, OK 73048
      View Details
    • $1,775,660
      20.66 Acres

      Highway Visible Land For Sale

      20.659 acres (MOL) with I-40 visibility in Hydro, OK
      Rte 66 U.S, Hydro, OK 73048
      View Details
    • $523,705
      Pending

      Land Near Interstate 40

      5.156 acres near I-40, ideal for development.
      S Arapaho Ave, Hydro, OK 73048
      View Details
    • $1,880,000
      45.38 Acres

      Land with I-40 Visibility

      45.383 acres of land with high traffic visibility.
      County Road 1022, Hydro, OK 73048
      View Details
    • $381,555
      12.13 Acres

      Land For Sale, Hydro, OK

      12.125 Acres +/- ideal for building a home or business.
      S Coleman Ave, Hydro, OK 73048
      View Details
    • $375,000
      1,776 SF

      Industrial-Zoned Office Building with I-40

      Office building with industrial zoning and I-40 access.
      809 Cornell Pkwy, Oklahoma City, OK 73108
      View Details
    • $399,000
      Pending

      Residential Land Near Adventure District

      3.48 acres of residential land with easy highway access.
      4435 N Martin Luther King Ave, Oklahoma City, OK 73111
      View Details
    • $399,000
      Pending

      Oklahoma City Land For Sale

      3.48 acres near Adventure District with I-44 access.
      4435 N Martin Luther King Ave, Oklahoma City, OK 73111
      View Details
    • $1,880,000
      36.00 Acres

      Prime Land with I-40 Visibility

      36 acres (MOL) with high traffic visibility near I-40.
      Old 66 Rd, Hydro, OK 73048
      View Details

    Leases and Sales on Map

    • For Sale

    Properties for sale

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    Micah McGahan, Oklahoma City, OK
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    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Micah McGahan, Oklahoma City, OK
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