Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1420 SE Washington Bartlesville, OK

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail space with NN lease and minimal landlord responsibilities.

    Type:RETAIL
    Property size:
    6,797 SF
    Lot size:
    0.87 Acres
    Price / SF:
    $191/SF
    Added:
    Sep 9, 2024
    Days on Market:
    605
    Last Refresh:
    Apr 5 at 11:17 pm

    Property Features for 1420 SE Washington

    General Information

    Standard status
    Active
    Size
    6,797 SF
    Lot size
    0.87 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Steve Sagmani
    Steve Sagmani

    Listing agent Steve Sagmani License #6502426558

    Listing office Exclusive Realty

    Listing date Sep 9, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Exclusive Realty

    Overview

    Retail Property with Corporate Guarantee

    This retail property, constructed in 2007, offers 6,797 square feet of space on a 0.88-acre lot. The property benefits from high traffic volume, with over 24,000 vehicles passing by daily. It features a NN lease structure, implying minimal landlord responsibilities, and is backed by a corporate guarantee. The location is near several national retailers, including Walgreens, CVS, Walmart, Chick-Fil-A, and Dollar General.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Advance Auto Parts Auto Parts Store UPS Access Point ... Courier Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bartlesville
    County
    Washington
    State
    Oklahoma
    Longitude
    -95.9352
    Latitude
    36.7332

    Nearby Similar for Sale

    • $949,900
      11,268 SF

      Versatile Commercial Property Near Highway 75

      Commercial property with offices, shop, and potential residential expansion.
      4115 NE Minnesota Street, Bartlesville, OK 74006
      View Details
    • $450,000
      4,215 SF

      Prime Bartlesville Commercial Opportunity

      High-visibility commercial building with ample parking and kitchen equipment.
      1840 SW Frank Phillips Boulevard, Bartlesville, OK 74003
      View Details
    • $450,000
      6,840 SF

      Historic Downtown Commercial Building

      Adaptable space with infrastructure upgrades in historic downtown Bartlesville.
      215 E 2nd Street, Bartlesville, OK 74003
      View Details
    • $125,000
      3,120 SF

      Versatile Commercial Building with Extra Lot

      3,120 SF building with extra lot for sale.
      309 S Bucy, Bartlesville, OK 74003
      View Details
    • $175,000
      1,431 SF

      Bartlesville Commercial Property For Sale

      Commercial property in a sought-after area with redevelopment potential.
      4009 Price Road, Bartlesville, OK 74006
      View Details
    • $89,000
      3,169 SF

      Versatile Commercial Property in Bartlesville

      Commercial property suitable for automotive, service, or light industrial operations.
      1745 W 2nd, Bartlesville, OK 74003
      View Details
    • $899,900
      3,921 SF

      Highway 75 Office Building

      Classic office building on Highway 75 with high visibility.
      2114 SE Washington Boulevard, Bartlesville, OK 74006
      View Details
    • $300,000
      9,297 SF

      Downtown Bartlesville Mixed-Use Building

      Mixed-use property in Bartlesville's thriving Downtown Business District.
      321 S Dewey Avenue, Bartlesville, OK 74003
      View Details
    • $275,000
      1,816 SF

      Medical Office Space Near Hospital

      Centrally located medical office space next to Jane Phillips Hospital.
      224 SE Debell Avenue, Bartlesville, OK 74006
      View Details
    • $180,000
      1,560 SF

      Downtown Bartlesville Investment Opportunity

      Commercial property with income potential in downtown Bartlesville, Oklahoma.
      100 SE Dewey Avenue, Bartlesville, OK 74003
      View Details
    • $119,000
      1,354 SF

      Bartlesville Commercial Property For Sale

      Affordable commercial property suitable for office or retail use.
      317 SE Delaware Avenue, Bartlesville, OK 74003
      View Details
    • $359,900
      2,431 SF

      New Construction Duplex in Bartlesville

      New 2025 duplex with income potential in downtown Bartlesville.
      423 S Wyandotte Avenue, Bartlesville, OK 74003
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with NN lease and minimal landlord responsibilities.
    Where is this retail space located?
    The property is located at 1420 SE Washington Bartlesville, OK.
    What is the asking price?
    The asking price for this property is $1,300,309.
    What are key features of this property?
    This property features: Corporate Guarantee provides peace of mind.; NN Lease ensures Minimal Landlord Responsibilities.; High Traffic Volume: 24,000+ VPD.
    (248) 833-6601 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Sagmani
    Steve Sagmani
    Real Estate License ID: 6502426558
    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

    Thank You for Inquiry
    1420 SE Washington, Bartlesville, OK
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!