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    Two-Story Commercial Building in Downtown Inola Title is generated by Realmo AI

    16 W Commercial Street, Inola, OK 74036

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    Claim this Listing
    For Sale
    $189,000

    COMMERCIAL - Inola, OK

    Property size:
    8,000 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $23/SF
    Added:
    May 14, 2026
    Days on Market:
    17
    Last Refresh:
    May 29 at 11:06 pm

    Property Features for 16 W Commercial Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking features
    Garage
    Interior features
    9' Ceiling Height, Display Window, High Speed Internet, Mini-Kitchen, Public Restrooms, Vaulted Ceiling
    Exterior features
    Roof Sign, Sidewalk, Storage
    Standard status
    Active
    APN
    660002778
    Size
    8,000 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOTS 6 & 7 BLOCK 19 INOLA O T
    Tax Annual Amount
    578

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1908
    Floors in Building
    2
    Flooring type
    Concrete, Laminate
    Building materials
    Stone
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Skip W Weast

    Listing agent Skip W Weast

    Listing office Tommy Dyer Real Estate 101 E Commercial St, Inola, OK

    Listing date May 14, 2026

    MLS# 2617782

    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

    • Prime 8,000 sq ft commercial building in a high‑traffic downtown location.
    • Extensively updated with a new $50,000 roof (2019), $25,000 subfloor on the second level (2024), and updated plumbing.
    • Second level is open and suitable for conversion to apartments.
    • New concrete slab in rear designed for heavy trucks.
    • Currently leased for $1650 per month.
    • Versatile building suitable for retail, office, mixed‑use, or investment.

    Overview

    Located in the heart of downtown Inola, this two-story commercial building offers a high-visibility location suitable for retail, office, mixed-use, or investment purposes. The building spans 8,000 square feet and has been extensively updated. The property is situated in a high-traffic area. In 2023, new high-efficiency lighting was installed. A new $50,000 roof deck and new Thermal Plastic Overlay roof were installed in 2019. A $20,000 concrete slab with a 12" rebar grid designed for heavy trucks was added to the rear of the building. Most plumbing has been updated with new PEX pipe, and all drain pipes are PVC. A new commercial hot water heater was installed in 2019. In 2024, a new $25,000 subfloor was installed on the second level. The upstairs area is completely open and could be converted into apartments. The building is currently leased for $1650 a month. The property includes the land and building. The lot size is 0.161 acres.
    Location Intelligence

    Current Use by Public Records

    Venue 1908 presented ... Hotel & Motel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Inola
    County
    Rogers
    State
    Oklahoma
    Longitude
    -95.508907
    Latitude
    36.151467

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    FAQs

    What type of property is this?
    Mixed-use property - Updated 8,000 sq ft commercial building in high-traffic downtown area.
    Where is this mixed-use property located?
    The property is located at 16 W Commercial Street Inola, OK.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: Prime 8,000 sq ft commercial building in a high‑traffic downtown location.; Extensively updated with a new $50,000 roof (2019), $25,000 subfloor on the second level (2024), and updated plumbing.; **Second level is open and suitable for conversion to apartments.**
    (918) 671-1770
    We can help!
    Listing Contact
    Skip W Weast
    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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