Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Commercial Building in Enid Title is generated by Realmo AI

    216 W Randolph, Enid, OK 73701

    View on Map
    Claim this Listing
    For Sale
    $139,000

    Commercial Building - Enid, OK

    Property size:
    3,077 SF
    Price / SF:
    $45/SF
    Added:
    Sep 30, 2025
    Days on Market:
    230
    Last Refresh:
    May 17 at 12:06 pm

    Property Features for 216 W Randolph

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Size
    3,077 SF

    Taxes and HOA fees

    Tax Annual Amount
    650

    Building Details

    Year built
    1910
    Year renovated
    1910
    Architectural style
    Other

    We can help!

    Listing Contact
    Brady Lippard

    Listing agent Brady Lippard

    Listing office Lippard Auctioneers, Inc 2609 N Van Buren St, Enid, OK

    Listing date Sep 30, 2025

    MLS# 11582829 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.

    HighLights

    • Income‑producing property with current lease in place.
    • Prime downtown Enid, Oklahoma location, just off the square.
    • Versatile 3,077 sq. ft. space suitable for retail, offices, or mixed‑use.
    • Historic building with character.
    • Recently replaced heating system and relatively new roof (8 years old) and AC (2 years old).
    • Two dedicated parking spaces.

    Overview

    Located just off the downtown square in Enid, Oklahoma, this two-story commercial building was built in 1910. The property offers 3,077 square feet of space and includes a bathroom. Currently leased on a month-to-month basis for $800, the property offers income potential. It is suitable for a retail storefront, professional offices, or mixed-use development. The building has two parking spaces. The roof is 8 years old, and the AC unit is 2 years old. The heat has been recently replaced. The upstairs area is original and in need of repair. The legal description is Lot 14 Block 26 Jonesville Addition. Estimated taxes are $650.00.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Johnson's Rock Shop (Bike/Boat/Book/etc) Store

    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
    Enid
    County
    Garfield
    State
    Oklahoma
    Longitude
    -97.880722
    Latitude
    36.398117

    Nearby Similar for Sale

    • $650,000

      Enid Restaurant Opportunity For Sale

      Turnkey restaurant or real estate opportunity in Enid, Oklahoma.
      213 W Willow, Enid, OK 73701
      View Details
    • $450,000

      Enid Commercial Building with Warehouse

      Commercial building with office space and large warehouse on 5.3 acres.
      4100 S Van Buren, Enid, OK 73703
      View Details
    • $500,000

      Turnkey Restaurant & Bar Opportunity

      Fully operational restaurant and bar with entertainment space on corner lot.
      117 W Oxford Ave, Enid, OK 73701
      View Details
    • $112,000
      1,200 SF

      Insulated Shop Building in Enid

      30x40 shop building with half bath and ample parking.
      620 E Broadway, Enid, OK 73701
      View Details
    • $125,000
      2,516 SF

      Enid Community Clinic (GSPHC)

      Former clinic with office and clinical space for sale.
      1106 Broadway Ave, Enid, OK 73703
      View Details
    • $899,900
      3,334 SF

      Enid Horse Property with Range

      25-acre Enid, OK horse property with home and shooting range.
      614 N Imo Rd, Enid, OK 73703
      View Details
    • $3,300

      Adaptable Commercial Space in Enid

      Spacious, two-story commercial property in downtown Enid with multi-use potential.
      221 W Randolph, Enid, OK 73703
      View Details
    • $209,900

      Versatile Commercial Space in Enid

      Adaptable commercial property with income potential in Enid, Oklahoma.
      102 S Grant St, Enid, OK 73703
      View Details
    • $319,000
      2,958 SF

      Former Farmers Insurance office

      Re-imagined vintage building in Enid's downtown, move-in ready.
      220 W Broadway Ave, Enid, OK 73701
      View Details
    • $250,000

      Enid Commercial Property with Garage

      Commercial property featuring a fenced yard and four-bay garage.
      113 & 117 E Pine, Enid, OK 73701
      View Details
    • $2,120,000

      Enid Hotel Investment Opportunity

      37-room Super 8 with expansion potential on high-traffic highway.
      2715 W. Garriott Rd., Enid, OK 73703
      View Details
    • $550,000

      Enid Office Building with Amenities

      Centrally located office building with functional layout and ample amenities.
      1710 W Willow Bldg. 3 Ste. 14, Enid, OK 73703
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story, 3,077 SF commercial building in downtown Enid, Oklahoma.
    Where is this office building located?
    The property is located at 216 W Randolph Enid, OK.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: Income‑producing property with current lease in place.; **Prime downtown Enid, Oklahoma location**, just off the square.; Versatile 3,077 sq. ft. space suitable for retail, offices, or mixed‑use.
    (580) 237-7174
    We can help!
    Listing Contact
    Brady Lippard
    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

    Thank You for Inquiry
    216 W Randolph, Enid, OK 73701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!