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    216 W McCurtain Calera, OK 74730

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    Claim this Listing
    Pending
    $1,225,000

    COMMERCIAL - Calera, OK

    Type:Apartment
    Property size:
    7,453 SF
    Lot size:
    0.26 Acres
    Added:
    Jan 21, 2026
    Days on Market:
    104
    Last Refresh:
    May 5 at 1:06 am

    Property Features for 216 W McCurtain

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Property condition
    Under Construction
    Zoning
    Urban res
    Interior features
    9' Ceiling Height, Cable TV Wired, High Speed Internet, Mini-Kitchen, Public Restrooms, Satellite Dish Wired, Smoke Detector
    Exterior features
    Dumpster, Lighting, Pole Sign, Professional Landscaped, Sidewalk, Sprinkler System, Storage
    Standard status
    Pending
    APN
    L001-00-033-006-0-000-00
    Size
    7,453 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    L001-00-033-006-0-000-00 - LT 6 BLK 33 CALERA
    Tax Annual Amount
    11458

    Utilities

    Utilities
    Cable Available
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2025
    Building materials
    Brick
    Roof type
    Built-Up
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Heather Howell
    Heather Howell

    Listing agent Heather Howell License #177185

    Listing office HST & CO 4709 Angler Cir, Kingston, OK

    Listing date Jan 21, 2026

    MLS# 2602259

    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.

    Overview

    New 55+ Community in Calera

    The Retreat at Calera is a newly constructed, fully stabilized 55+ community, featuring 7,453 square feet across nine modern units. These units are designed for low-maintenance living and long-term tenant retention. The property is located minutes from Choctaw Casino and major highways. Each unit includes in-unit laundry, private parking, high-speed internet, and energy-efficient construction. An on-site clubhouse enhances resident satisfaction and supports the community's occupancy performance. The property is intended for age-restricted housing, which offers high retention and demand. The 0.262-acre site benefits from a simplified operating structure with tenant-paid electric. Ownership covers internet, water/sewer/trash, and landscaping, resulting in predictable expenses and reliable cash flow. This nine-unit community is an opportunity for buyers seeking stability, modern construction, and long-term performance in a supply-constrained market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Hair Salon Gym & Fitness Center Auto Parts Store Nail Salon Pharmacy Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Calera
    County
    Bryan
    State
    Oklahoma
    Longitude
    -96.421688
    Latitude
    33.932538

    Nearby Similar for Sale

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    • $6,900,000
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      Highway Frontage Commercial Property

      16-acre commercial property with highway frontage near Choctaw Casino.
      9104 US Hwy 69, Calera, OK 74730
      View Details
    • $2,750,000
      15,824 SF

      Calera Commercial Building For Sale

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    • $355,000
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      Versatile Commercial Building on Highway

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    FAQs

    What type of property is this?
    Apartment building - Newly built, fully stabilized 55+ community near Choctaw Casino.
    Where is this apartment building located?
    The property is located at 216 W McCurtain Calera, OK.
    What is the asking price?
    The asking price for this property is $1,225,000.
    What are key features of this property?
    This property features: Impressive 7% Cap Rate on brand‑new construction in a high‑growth corridor.; Fully stabilized 55+ community with consistent demand and exceptional tenant stability.; Low‑maintenance living design with tenant‑paid electric and simplified operating structure.
    (405) 614-9081
    We can help!
    Listing Contact
    Heather Howell
    Heather Howell
    Real Estate License ID: 177185
    Learn More
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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
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