Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    120 S 4th Street Okemah, OK 74859

    View on Map
    For Sale
    $89,900

    SINGLE_FAMILY - Okemah, OK

    Type:Office
    Property size:
    3,824 SF
    Lot size:
    0.08 Acres
    Added:
    Oct 29, 2025
    Days on Market:
    155
    Last Refresh:
    Apr 1 at 6:06 pm

    Property Features for 120 S 4th Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    Commercial
    Standard status
    Active
    APN
    120S4th74859
    Size
    3,824 SF
    Lot size
    0.08 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    2
    Building materials
    Brick & Frame

    We can help!

    Listing Contact
    Carl Alls
    Carl Alls

    Listing agent Carl Alls License #149139

    Listing office Carl Alls Real Estate 411 West Broadway, Okemah, OK

    Listing date Oct 29, 2025

    MLS# 1198369

    Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Okemah Investment and Office Space

    This property in Okemah, Oklahoma, offers both investment potential and office space. The 3,824 square foot property, situated on a 0.076-acre lot, includes two one-bedroom rental units and the potential for up to four office spaces, all contained within a single structure. The sale includes additional lots. Rental rates cover utilities. The property is zoned for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Okemah
    County
    Okfuskee
    State
    Oklahoma
    Longitude
    -96.304724
    Latitude
    35.432137

    Nearby Similar for Sale

    • $700,000
      3,800 SF

      Restaurant and Truck Stop Opportunity

      Fully equipped restaurant and truck stop on 1.4 acres.
      1001 S Woody Guthrie ST, Other OK, OK 74859
      View Details
    • $60,000
      2,274 SF

      Spacious Office Building in Okemah

      Brick office building with retail potential in prime location.
      127 N 4th Street, Okemah, OK 74859
      View Details
    • $750,000
      16,392 SF

      Okemah Retail Business Opportunity

      Thriving family-owned retail business with real estate and inventory included.
      507 W Broadway Street, Okemah, OK 74859
      View Details
    • $185,000
      2,300 SF

      Renovated Commercial Property in Okemah

      Move-in-ready commercial space in downtown Okemah with modern upgrades.
      320 W Broadway, Okemah, OK 74859
      View Details
    • $999
      2,300 SF

      Renovated Commercial Property in Okemah

      Move-in-ready commercial space in downtown Okemah with modern renovations.
      320 W Broadway, Okemah, OK 74859
      View Details
    • $82,000
      10,074 SF

      Okemah Commercial Building on Six Lots

      Commercial building in Okemah with large working area and office.
      126 N 2nd Street, Okemah, OK 74859
      View Details
    • $750,000
      16,392 SF

      Retail Business Opportunity in Okemah

      Established retail business for sale with inventory and equipment.
      507 W Broadway Street, Okemah, OK 74859
      View Details
    • $87,000
      5,880 SF

      Okemah Commercial Office Space

      Commercial office space on Main Street with multiple entrances.
      421 W Bdwy Street, Okemah, OK 74859
      View Details
    • $129,900
      15,072 SF

      Historical Building with Restaurant Space

      Historical building with restaurant, office, and entertainment venue potential.
      104 S 2nd Street, Okemah, OK 74859
      View Details
    • $479,000
      5,300 SF

      Okemah Restaurant and Commercial Property

      Restaurant property with equipment near I-40 exit in Okemah.
      21 W Coplin Street, Okemah, OK 74859
      View Details
    • $134,900
      1,680 SF

      Turnkey Mechanic Shop For Sale

      Profitable mechanic, oil change, and tire shop with equipment.
      714 W Columbia Street, Okemah, OK 74859
      View Details
    • $120,000
      4,899 SF

      Okemah Retail Property For Sale

      Two buildings under one roof in downtown Okemah.
      208 W Bdwy Street, Okemah, OK 74859
      View Details

    FAQs

    What type of property is this?
    Office units - Investment property with rentals and office spaces in Okemah, Oklahoma.
    Where is this office units located?
    The property is located at 120 S 4th Street Okemah, OK.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: Investment property featuring 2 one‑bedroom rentals and up to 4 office spaces.; Rental rates include utilities.; Additional lots included in the sale.
    (918) 623-6693
    We can help!
    Listing Contact
    Carl Alls
    Carl Alls
    Real Estate License ID: 149139
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!