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    Versatile Commercial Property in Shawnee Title is generated by Realmo AI

    115 S Oklahoma Avenue, Shawnee, OK 74801

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    Claim this Listing
    Pending
    $130,000

    SINGLE_FAMILY - Shawnee, OK

    Type:Office
    Property size:
    3,750 SF
    Lot size:
    0.34 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    58
    Last Refresh:
    May 13 at 6:06 am

    Property Features for 115 S Oklahoma Avenue

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    Commercial
    Standard status
    Pending
    APN
    115SOklahoma74801
    Size
    3,750 SF
    Lot size
    0.34 Acres

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Jala Murphy

    Listing agent Jala Murphy License #171898

    Listing office Berkshire Hathaway-Benchmark 3601 Harrison ST, Tecumseh, OK

    Listing date Mar 17, 2026

    MLS# 1219582

    Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3,750 sq ft of flexible commercial space suitable for various uses
    • Separate front office section with multiple private offices, conference room, and break room
    • Expansive rear storage space with oversized garage door for easy loading/unloading
    • Two separate HVAC systems for office and storage areas
    • Front and rear parking plus fenced side yard with gated access
    • Potential to lease office and storage areas separately

    Overview

    This versatile commercial property in Shawnee, Oklahoma, offers 3,750 square feet of flexible space suitable for various uses. The front office section features a welcoming lobby, three private offices, a conference room, a copier room, a server room, a break room, and a back office area with four cubicle-style offices, along with two restrooms. This area is serviced by its own HVAC system. The rear section provides expansive storage space, including a separate storage room and an oversized garage door to facilitate loading and unloading. This portion of the property is suitable for warehouse use, contractor operations, or large equipment storage, and is serviced by a second HVAC unit. Exterior amenities include front and rear parking areas, as well as a fenced side yard with gated access, suitable for trailer or equipment storage. The property is ideal for contractors, HVAC, plumbing, appliances, retail, or mixed-use businesses. There is potential to lease the office and storage areas separately. The property is located in Shawnee, OK.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Communication Services Inc Marketing & Advertising

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Shawnee
    County
    Pottawatomie
    State
    Oklahoma
    Longitude
    -96.91806
    Latitude
    35.326702

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    FAQs

    What type of property is this?
    Office units - 3,750 sq ft flexible space with endless potential.
    Where is this office units located?
    The property is located at 115 S Oklahoma Avenue Shawnee, OK.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: 3,750 sq ft of flexible commercial space suitable for various uses; Separate front office section with multiple private offices, conference room, and break room; Expansive rear storage space with oversized garage door for easy loading/unloading
    (405) 655-4450
    We can help!
    Listing Contact
    Jala Murphy
    Real Estate License ID: 171898
    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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