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    Thriving Cinema in Downtown Caddo Title is generated by Realmo AI

    129 Buffalo Street, Caddo, OK 74729

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    Claim this Listing
    For Sale
    $260,000

    COMMERCIAL - Caddo, OK

    Property size:
    2,400 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $108/SF
    Added:
    Apr 9, 2026
    Days on Market:
    36
    Last Refresh:
    May 14 at 4:06 pm

    Property Features for 129 Buffalo Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Interior features
    Satellite Dish Wired, Suspended Ceiling
    Exterior features
    Dumpster, Lighting, Roof Sign, Sidewalk, Storage
    Standard status
    Active
    APN
    J001-00-025-011-0-000-00
    Size
    2,400 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    J001-00-025-011-0-000-00 - LT 11 BLK 25 CADDO
    Tax Annual Amount
    2147

    Utilities

    Utilities
    Cable Available
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Flooring type
    Concrete, Tile
    Building materials
    Brick
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Dustyn Howard
    Dustyn Howard

    Listing agent Dustyn Howard License #203336

    Listing office Legacy Land & Realty 3302 W University, Durant, OK

    Listing date Apr 9, 2026

    MLS# 2612746

    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.

    HighLights

    • Fully operational and thriving cinema business in downtown Caddo, Oklahoma.
    • Includes a theater room with 101 seats plus additional new seats.
    • Fully equipped concession area.
    • Upstairs loft features an office/projector room, living area, kitchenette, bathroom, and laundry.
    • Owner willing to assist with transition and provide operational information/contacts.
    • Building has rustic charm and character.

    Overview

    This is a rare opportunity to own a fully operational cinema in downtown Caddo, Oklahoma. The turnkey business includes a theater room consisting of 101 seats, with additional new seats that haven't been installed. A fully equipped concession area provides customers with popcorn, soda, and snacks. The building's character offers rustic charm. There are storage areas and closets to keep the business tidy. Upstairs, a roomy loft features an office/projector room and a living area with kitchenette, bathroom, sleeping quarters, and a stackable washer and dryer. The owner is willing to answer questions, allow observation of current business operations, and provide new owners with contacts and information for continuing operations and a smooth transition. The 2,400 square foot property sits on a 0.07-acre lot. The property is zoned commercial. Potential business uses include a coffee shop, ice cream parlor, performance and art theatre, or live music venue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rex II Theater Cinema

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Department Store Kitchen & Bath Showroom Grocery & Convenience Store Cafe & Coffee Shop Grocery & Convenience Store Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Caddo
    County
    Bryan
    State
    Oklahoma
    Longitude
    -96.260146
    Latitude
    34.125439

    Nearby Similar for Sale

    • $650,000
      3,300 SF

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      3565 Sawmill Road, Caddo, OK 74729
      View Details
    • $120,000
      4,590 SF

      Caddo Commercial Building with Potential

      Spacious commercial building in Caddo, OK, ready for redevelopment.
      108 Buffalo, Caddo, OK 74729
      View Details

    FAQs

    What type of property is this?
    Theater & concert hall - Fully operational cinema with living quarters in Caddo, Oklahoma.
    Where is this theater & concert hall located?
    The property is located at 129 Buffalo Street Caddo, OK.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: Fully operational and thriving cinema business in downtown Caddo, Oklahoma.; Includes a theater room with 101 seats plus additional new seats.; Fully equipped concession area.
    (580) 504-4641
    We can help!
    Listing Contact
    Dustyn Howard
    Dustyn Howard
    Real Estate License ID: 203336
    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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