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
    The Largest CRE Database in the US with Over 1 Million Listings

    128 W Ridgewood St Shawnee, OK 74801

    Sponsored
    For Sale
    $210,000

    MULTI_FAMILY - Other - Shawnee, OK

    Property size:
    3,120 SF
    Lot size:
    0.13 Acres
    Days on Market:
    39
    Last Refresh:
    Jan 26 at 1:06 pm

    Property Features for 128 W Ridgewood St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 2, Bathroom 1
    APN
    128WRidgewood74801
    Size
    3,120 SF
    Lot size
    0.13 Acres

    Building Details

    Year built
    1955
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Dillon Robinson

    Pam Robinson Real Estate, Inc. (405) 382-7653

    Listing agent Dillon Robinson (405) 584-0381

    Listing date Dec 19, 2025

    MLS# 1174357

    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.

    Learn more

    Property Insight Report

    Overview

    Shawnee Triplex with Rental Income

    This two-story brick building in Shawnee, OK, is currently configured as a triplex. The downstairs unit features 2 bedrooms, an updated bathroom, a large living and dining room combination with built-in shelves, and a kitchen equipped with an electric range and refrigerator. An additional small room could serve as an office or study. A large utility room provides washer and dryer hookups. The downstairs unit also has access to a partial basement for extra storage. The second floor contains two 1-bedroom units, each with a full bath, living room, and kitchen with a balcony. The downstairs main floor has an access door to the upstairs, offering the option to use the property as a single-family residence. The property is zoned R3, presenting various possibilities. The lot size is 0.13 acres. The building has 3120 square feet of space. Each unit is currently rented.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Shawnee
    County
    Pottawatomie
    State
    Oklahoma
    Longitude
    -96.925865
    Latitude
    35.334675

    Nearby Similar for Sale

    • New
      $234,900
      2,700 SF

      Commercial Opportunity Near Bethel School

      Three renovated office buildings on 0.87 acres near major highways.
      17105 Bethel Rd, Shawnee, OK 74801
      View Details
    • Contact for pricing
      6,000 SF

      High-Visibility Commercial Space in Shawnee

      Newer construction commercial space with flexible layout and excellent visibility.
      1610 N Harrison St, Shawnee, OK 74804
      View Details
    • $399,900
      2,814 SF

      Remodeled Office Building in Shawnee

      Remodeled office building with flexible spaces and convenient access.
      20 E Dunloup St, Shawnee, OK 74804
      View Details
    • $1,200,000
      31,336 SF

      Shawnee Office Building on Corner

      Corner lot office building near highway, university, and airport.
      1400 N Kennedy Ave, Shawnee, OK 74801
      View Details
    • $225,000
      5,443 SF

      Shawnee Commercial Property on Broadway

      Versatile commercial space ideal for retail or restaurant ventures.
      1525 N Broadway Ave, Shawnee, OK 74804
      View Details
    • $160,000
      3,750 SF

      Versatile Commercial Property in Shawnee

      3,750 sq ft flexible space ideal for various business uses.
      115 S Oklahoma Ave, Shawnee, OK 74801
      View Details
    • $134,900
      1,774 SF

      Commercial Property with Barber Shop

      Commercial property with home, four lots, garage, and rented barbershop.
      332 N Harrison St, Shawnee, OK 74801
      View Details
    • $250,000
      10,120 SF

      Historic Art Deco Theater For Sale

      Oklahoma's historic theater with dual screens, stage, and concession stand.
      125 N Bell Ave, Shawnee, OK 74801
      View Details
    • $148,000
      0.16 Acres

      Income-Producing Updated Quadplex Investment

      Updated quadplex with strong rental potential near shops and transportation.
      238 S Oklahoma Ave, Shawnee, OK 74801
      View Details
    • $499,000
      1.25 Acres

      Highway Frontage Commercial Opportunity

      1.25 acre commercial tract with high visibility and traffic.
      4610 S Hwy 102 #1, Shawnee, OK 74804
      View Details
    • $90,000
      1,973 SF

      Shawnee Triplex: Investor Special

      Shawnee triplex with income potential, ideal for value-add investors.
      820 W Highland St, Shawnee, OK 74801
      View Details
    • $80,000
      1,973 SF

      Shawnee Triplex: Investor Opportunity

      Shawnee triplex with income potential, ideal for value-add project.
      820 W Highland St, Shawnee, OK 74801
      View Details

    FAQs

    What type of property is this?
    Triplex - Two-story triplex in Shawnee, OK, with rental income potential.
    Where is this triplex located?
    The property is located at 128 W Ridgewood St Shawnee, OK.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: - Brick 2-story building.; - Currently configured as a triplex with rental income potential.; - Zoned R3, offering various possibilities.
    (405) 382-7653
    Request Owner's contact information
    128 W Ridgewood St Shawnee, OK 74801
    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.
    128 W Ridgewood St
    Shawnee, OK 74801
    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
    128 W Ridgewood St Shawnee, OK 74801
    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
    Dillon Robinson
    Real Estate License ID: 158755
    (405) 382-7653
    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.