Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    123 Ash St Nowata, OK 74048

    Sponsored
    For Sale
    $175,000

    Commercial Building - Nowata, OK

    Property size:
    4,000 SF
    Lot size:
    0.27 Acres
    Days on Market:
    187
    Last Refresh:
    Jan 20 at 8:06 pm

    Property Features for 123 Ash St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage
    Size
    4,000 SF
    Lot size
    0.27 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Flooring type
    Carpet, Laminate
    Building materials
    Stone, Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Chuck Bellatti
    Chuck Bellatti

    Arrowhead Land Company 833-USE-AHLC

    Listing agent Chuck Bellatti (833) 873-2452

    Listing date Jul 18, 2025

    MLS# 11453676 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Nowata Commercial Building on US-169

    This commercial building is located at the intersection of US-60 and US-169 in Nowata County, Oklahoma, featuring approximately 112 ft of highway frontage along US-169. The metal building has a layout of approximately 4,000 sq ft, highlighted by a stone facade and a concrete parking area. The building includes a glass front foyer. The property includes three main chambers suitable for a restaurant dining atmosphere, along with five smaller perimeter rooms that can be transformed into office space or combined into a commercial kitchen. It is equipped with multiple exits, separate men's and women's restrooms, two custodial closets, and a break room. The property is located approximately 35 miles from Owasso, approximately 21 minutes to Bartlesville, Oklahoma, and approximately 20 minutes to the Kansas state line. Other business applications for this property include fast food or restaurant, convenience stores, retail outlets, or service-based businesses. The lot size is 0.27 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Nowata
    County
    Nowata
    State
    Oklahoma
    Longitude
    -95.6293
    Latitude
    36.6993

    Nearby Similar for Sale

    • New
      $325,000
      2,000 SF

      Nowata Retail/Automotive Corner Lot

      Corner lot retail/automotive property with high visibility in Nowata, OK.
      347 N Ash St, Nowata, OK 74048
      View Details
    • New
      $207,000
      46.87 Acres

      Pasture Land Near Lake Oologah

      46.86 acres of pasture with pond near Lake Oologah.
      N 416 Rd, Nowata, OK 74048
      View Details
    • $225,000
      5,356 SF

      Nowata Commercial Building - Huge Potential

      Versatile 5,356 sq ft space, prime location.
      126 Maple St, Nowata, OK 74048
      View Details
    • $350,000
      2,000 SF

      Nowata Retail Space - Hwy 169

      High-visibility retail space, Nowata, OK.
      347 Ash St, Nowata, OK 74048
      View Details
    • $99,500
      2,760 SF

      Nowata Commercial/Residential Gem

      High-traffic location, versatile space, great investment!
      621 Delaware Ave, Nowata, OK 74048
      View Details
    • $155,900
      3,000 SF

      High-Traffic Mixed-Use Nowata Property

      Prime Hwy 169 location, 3000 sq ft, 1-acre lot. High rental income potential.
      536 Ash St, Nowata, OK 74048
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial building with highway frontage, ideal for restaurant or retail.
    Where is this storefront property located?
    The property is located at 123 Ash St Nowata, OK.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Prime location at the intersection of US-60 and US-169 with approximately 112 ft of highway frontage on US-169.; - Robust metal construction with +/- 4,000 sq ft layout and attractive stone facade.; - Spacious concrete parking area for customers.
    (918) 859-2412
    Request Owner's contact information
    123 Ash St Nowata, OK 74048
    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.
    123 Ash St
    Nowata, OK 74048
    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
    123 Ash St Nowata, OK 74048
    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

    We can help!
    Listing Contact
    Chuck Bellatti
    Chuck Bellatti
    Real Estate License ID: 178892
    (918) 859-2412
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.