Technical
Financial
Distress signals
Property profile

1343 Melba Ave Atoka, OK 74525

OFF-MARKET
Retail space
Property ID
US69-1952893
1,910 SF Built 2002
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 1,910 sq ft vacant storefront, located at 1343 Melba Ave in Atoka, Oklahoma, presents a compelling investment and business opportunity. Built in 2002 and renovated in 2021, this Class B retail property sits on a 0.24-acre lot (APN: 1010-00-001-001-0-000-00) and offers excellent visibility from Highways 3 and 69/75. The building features two large rooms, each with its own entrance, a remodeled bathroom, a walk-in cooler, and a storage area. Recent updates include new windows, floor paint, a new heat pump, and two 50-amp RV hookups. The property also includes eight parking spaces and a security system. Previously used as a floral/gift shop, this versatile space is suitable for various businesses, including cafes, restaurants, retail shops, or even two smaller businesses. Some existing cabinets and work tables will remain. The asking price is $250,000, with a price per square foot of $130.89. The land value is estimated between $50,000 and $75,000 per acre. The property is zoned for commercial use and is available for occupancy starting January 1, 2024. This is a great opportunity to own a property in a growing city, benefiting from high traffic flow and excellent exposure.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2002
Total area 1,910 SF
APN 1010-00-001-001-0-000-00
UPID US69-1952893

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1343 Melba Ave Atoka, OK 74525-3221
Atoka metro Census 587700
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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