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    Property profile & analytics

    116 Main St Luther, OK 73054

    • Commercial real estate
    • 4,964 SF
    • 0.08 lot acres
    For Sale
    View listing
    $351,000
    Value Estimation
    Location Intelligence
    Property ID
    US69-0320567
    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.

    Current Use by Public Records

    • Revitalize Life Counseling PLLC / Service Establishment / Counselor
    • Farmstead Cafe / Restaurant / American Restaurant

    Property Details for 116 Main St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.08 lot acres
    Property size
    4,964 SF
    Property type
    Commercial real estate
    APN
    18-555-1600
    APU
    185551600

    Description

    This stunning, completely restored 19th-century building, located at 116 S Main Street in the heart of Luther, Oklahoma, presents a unique investment opportunity. Situated just off Route 66, this 4,964 square foot property sits on a 0.08-acre lot and offers exceptional visibility and accessibility. Ideal for a variety of commercial uses, including restaurants, retail establishments, or other businesses, this property is perfectly positioned to capitalize on the growing population along the Oklahoma City/Luther border. The interior features a spacious dining room, ample space for a chef's kitchen, multiple offices, and even dedicated event space. Modern conveniences include ADA-compliant bathrooms, ensuring accessibility for all patrons. This property has enjoyed a strong rapport with the community over the past eight years, establishing a loyal customer base and a proven track record. The building's historical charm combined with its modern amenities makes it an exceptional opportunity for a discerning buyer seeking a turn-key operation in a thriving location. Priced at $351,000, this property offers significant potential for return on investment. Don't miss this chance to own a piece of Luther's history and vibrant commercial landscape.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Luther
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.1955
    Latitude
    35.6616
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN 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
    $880
    $242
    $9,437
    $9,679
    -
    $3,100
    $121,050
    $124,150

    Comparable in this City

    • Value Estimation by Request
      150.00 Acres

      161 New Albany Expy

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      COMMERCIAL (GENERAL) • 0.16 Acres
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    • Value Estimation
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      504 Ash St

      COMMERCIAL (GENERAL) • 4,230 SF
      504 Ash St, Luther, OK 73054
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      202 Ash St

      COMMERCIAL (GENERAL) • 600 SF
      202 Ash St, Luther, OK 73054-9076
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      111 1st St

      COMMERCIAL (GENERAL) • 3,750 SF
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      112 Main St

      COMMERCIAL (GENERAL) • 2,464 SF
      112 Main St, Luther, OK 73054
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      40 Acres of Agricultural Land

      40 acres of land available in Luther, Oklahoma.
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    116 Main St
    Luther, OK 73054
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    Realmo Value Estimation

    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.

    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.

    More about this property
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