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    131 N Lee St Fort Gibson, OK 74434

    Sponsored
    For Sale
    $197,000

    COMMERCIAL - Fort Gibson, OK

    Type:Retail
    Property size:
    1,610 SF
    Lot size:
    0.06 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 3 at 10:06 pm

    Property Features for 131 N Lee St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    commercial
    APN
    510037580
    Interior features
    Display Window, Mini-Kitchen, Public Restrooms
    Size
    1,610 SF
    Lot size
    0.06 Acres

    Utilities

    Utilities
    Phone Available
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Floors in Building
    1
    Flooring type
    Concrete, Wood
    Building materials
    Brick
    Roof type
    Built-Up

    We can help!

    Listing Contact
    Amber Quillman

    Platinum Realty (888) 220-0988

    Listing agent Amber Quillman (918) 616-3617

    Listing date Mar 1, 2026

    MLS# 2606763

    Copyright © 2026 MLS Technology, 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

    Historic Oklahoma Commercial Property

    Located in the heart of Fort Gibson, Oklahoma's oldest town, this commercial property, originally built in 1906, has been fully renovated to meet current city codes while maintaining its historic charm. The building features fire-treated structural wood, a newer HVAC system approximately one year old, and a newer roof with a 25-year transferable warranty issued in 2019. The property is fully electric and serviced by city water. Situated in the downtown district, the property benefits from strong community involvement, active Chamber of Commerce support, and approximately 5 to 6 city-hosted events annually that drive foot traffic. On-site parking is available for approximately 2 to 3 vehicles. The property, with a size of 1610 square feet and a lot size of 0.064 acres, is suitable for boutique retail, office, studio, or specialty business use. The property is located at 131 N Lee, Fort Gibson, OK 74434. The building's location in a historic community, combined with its updated systems and distinctive architecture, makes it a unique commercial space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TIGERS DEN (Bike/Boat/Book/etc) Store Stephen L Kale ... Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    Fort Gibson
    County
    Muskogee
    State
    Oklahoma
    Longitude
    -95.250076
    Latitude
    35.797036

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    FAQs

    What type of property is this?
    Retail space - Renovated 1906 commercial building in historic Fort Gibson.
    Where is this retail space located?
    The property is located at 131 N Lee St Fort Gibson, OK.
    What is the asking price?
    The asking price for this property is $197,000.
    What are key features of this property?
    This property features: - Prime downtown location in Fort Gibson, Oklahoma's oldest town, benefiting from high foot traffic.; - Fully renovated, blending historic charm with modern city codes.; - Newer HVAC system and roof (installed in 2019 with a 25-year transferable warranty) ensuring long-term reliability.
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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.

    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
    131 N Lee St Fort Gibson, OK 74434
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    Listing Contact
    Amber Quillman
    (888) 220-0988 (918) 616-3617
    Learn more
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