Building Details

Year Built 2024

Buildings 1

Stories 1

Listed By: Casey Trejo Show Phone

Added: Jan 20, 2025 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This 2,041-square-foot single-story home, built in 2024, features an open-concept layout with four bedrooms and two bathrooms. The kitchen includes black custom cabinetry, premium black stainless steel appliances, polished gray countertops, and a large kitchen island. Tall windows provide views of the fully fenced backyard. Both bathrooms feature modern finishes, black granite countertops, and matte black fixtures. The primary bedroom includes an ensuite bathroom with a generously sized bathtub, a double vanity, and a walk-in shower. The fully fenced backyard offers privacy. Located in Calumet, Oklahoma, the property is within walking distance of the local public school and provides easy access to Interstate 40 and historic Route 66. The property sits on a 0.04685 acre lot and includes a two-car attached garage.

Key Highlights

• 2,041 square feet
• 4 bedrooms
• 2 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,261

Cap Rate

3.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$265,220 $265.2K

Cap Rate 7%

$189,443 $189.4K

Cap Rate 9%

$147,344 $147.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,041 SF

Gross rent

$20.8K $10.20/SF

− Vacancy

−$1.9K −$0.92/SF

EGI

$18.9K $9.28/SF

− OpEx

−$5.7K −$2.78/SF

NOI

$13.3K $6.50/SF

Area

Canadian County, OK

Vacancy

9.00%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$265,220

Cap Rate 7%

$189,443

Cap Rate 9%

$147,344

Alternative Uses

Best Use

Multifamily LT 5

$189.4K

$165.8K – $221.0K (±1% cap)

NOI $13,261 @ 7.0% cap · market cap 3.79%

Second Best

Apartment 5plus

$159.3K

$139.4K – $185.9K (±1% cap)

NOI $11,154 @ 7.0% cap · market cap 3.19%

Theoretical Best

Office A

$444.4K

$388.9K – $518.5K (±1% cap)

NOI $31,109 @ 7.0% cap · market cap 8.89%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

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Demographics for 73014, OK

1,419

Population

494

Households

2.9

Avg Household Size

40

Median Age

20%

College-Educated

93%

High-School Grad

155.1 sq mi

ZIP Area

9

Density / Sq Mi

$85,893

Median Household Income

$37,155

Median Earnings

$969

Median Rent

$173,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Residential land & home lot - Expansive 2,041 square feet of open concept living space

Where is this residential land & home lot located?

The property is located at 202 E Main Street Calumet, OK.

What is the asking price?

The asking price for this property is $349,900.

What are key features of this property?

This property features: 2,041 square feet; 4 bedrooms; 2 bathrooms