Add Listing
    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

    54230 E 120 Road Miami, OK 74354

    View on Map
    For Sale
    $550,000

    COMMERCIAL - Miami, OK

    Property size:
    4,132 SF
    Lot size:
    1.83 Acres
    Added:
    Feb 23, 2026
    Days on Market:
    37
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for 54230 E 120 Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Standard status
    Active
    APN
    5430-00-000-001-0-001-00
    Size
    4,132 SF
    Lot size
    1.83 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    E 250' OF LOT 1 SOUTHERN HILLS
    TaxAnnualAmount
    2177

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    1
    Building materials
    Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Dustin B Foster

    Listing agent Dustin B Foster License #178256

    Listing office Solid Rock REALTORS - Miami 224 E Steve Owens Blvd., Claremore, OK

    Listing date Feb 23, 2026

    MLS# 26-422

    Copyright © 2026 Northeast Oklahoma Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Miami, OK Commercial Property

    This commercial property, situated in Miami, Oklahoma, offers a real estate opportunity. The property includes the real property and improvements. It has a property size of 4132 square feet and is located on a 1.83-acre lot. The Body Shop Joint brand, established goodwill, furnishings, equipment, liquor inventory, and seamless operational continuity of The Body Shop Joint are not included in the listed price but may be available under separate negotiation. The buyer has the opportunity to acquire a turnkey operating business in addition to the real estate, subject to mutually agreed terms. The property is located at 54230 E 120 Road, Miami, OK 74354.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Body Shop Joint Nightclub ATM Atm

    Suggested Use

    Building Supply Pharmacy Storage Facility Electrical Service (Bike/Boat/Book/etc) Store Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Ottawa
    State
    Oklahoma
    Longitude
    -94.906
    Latitude
    36.84494

    Nearby Similar for Sale

    • $425,000
      4,000 SF

      Historic Grocery Building in Miami

      Turnkey commercial property with a century of community recognition.
      604 S Main Street, Miami, OK 74354
      View Details
    • $750,000
      6,840 SF

      Route 66 Screen-Printing Shop

      Thriving screen-printing and trophy shop with real estate and equipment.
      306 N Main, Miami, OK 74354
      View Details
    • $194,900
      6,400 SF

      Commercial Mechanic Shop on Route 66

      Large mechanic shop with fenced storage on historic Route 66.
      506 S Main Street, Miami, OK 74354
      View Details
    • $350,000
      10,960 SF

      Established Commercial Building in Miami, OK

      Turnkey commercial property with storefront, warehouse, and income potential.
      230 D Street, Miami, OK 74354
      View Details
    • $399,900
      5,440 SF

      Commercial Building on 1.33 Acres

      1.33 acre commercial parcel with 5,440 SF building.
      830 D Street NE, Miami, OK 74354
      View Details
    • $310,000
      7,220 SF

      Versatile Clinic Ready for Transformation

      Vacant clinic with multiple rooms, ideal for various commercial ventures.
      1916 E Street SW, Miami, OK 74354
      View Details
    • $2,300,000
      25,500 SF

      Premier Golf Course Opportunity

      Thriving golf course with development potential in Miami, Oklahoma.
      10301 S 600 Road, Miami, OK 74354
      View Details
    • $3,942,000
      95,414 SF

      Shopping Center For Sale

      Shopping center with upside potential, 77% occupied.
      2015 N Main St, Miami, OK 74354
      View Details
    • $399,000

      Versatile Vacant Clinic Ready

      Adaptable clinic space with existing infrastructure in a prime location.
      1916 E Southwest Street Sw, Miami, OK, 74354
      View Details
    • $800,000
      4,500 SF

      Profitable Topless Club on 3 Acres

      Turnkey topless club with alcohol, real estate, and business.
      54230 E. 120 Road, Miami, OK 74354
      View Details
    • $475,000
      16,641 SF

      Spacious Steel Structure in Miami

      Large commercial facility with loading dock and high traffic.
      36 E Bj Tunnell Boulevard, Miami, OK 74354
      View Details
    • $2,300,000
      2,500 SF

      Turnkey Golf Course with Development Potential

      Championship 18-hole golf course with strong cash flow and development.
      10301 S 600 Road, Miami, OK 74354
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial property available for sale in Miami, Oklahoma.
    Where is this retail space located?
    The property is located at 54230 E 120 Road Miami, OK.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Opportunity to acquire real estate in an iconic location.; Potential to negotiate for a turnkey operating business (The Body Shop Joint) in addition to the real estate.; Real property and improvements included in the offering.
    (918) 637-3415
    We can help!
    Listing Contact
    Dustin B Foster
    Real Estate License ID: 178256
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!