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    Flex Office and Warehouse Facility Title is generated by Realmo AI

    2238 N Broadway, Checotah, OK 74426

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    For Sale
    $1,350,000

    COMMERCIAL - Checotah, OK

    Property size:
    8,860 SF
    Lot size:
    1.71 Acres
    Price / SF:
    $152/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 2238 N Broadway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Com
    Exterior features
    Lighting
    Standard status
    Active
    APN
    0000-20-12N-17E-4-007-00
    Size
    8,860 SF
    Lot size
    1.71 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    0000-20-12N-17E-4-007-00 - BEG NE/C SE S013053E 692. 77'S882907W 45.86'POB S01 3112E 336.20'S870312W 232 .64'N005143W 311.17'N8048 40E 231.06'POB SEC 20-12-17 712/650 737/15 1000/388
    Tax Annual Amount
    36261

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1998
    Building materials
    Aluminum
    Roof type
    Metal

    We can help!

    Listing Contact
    Hoss Durrett

    Listing agent Hoss Durrett

    Listing office eXp Realty, LLC 3209 S Broadway STE 231, Oklahoma City, OK

    Listing date Jun 5, 2026

    MLS# 2620749

    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

    • Approximately 6‑acre commercial property with Prime Highway 69 frontage and easy on/off highway access in Checotah, OK
    • 11,000+/- SF office, retail, and warehouse facility; approximately 5,000+/- SF heated and cooled
    • Built in 1998 with metal roof, aluminum exterior, central heating, and central air conditioning
    • Includes covered breezeways, multiple restrooms, dedicated office space, and warehouse/service areas
    • On‑site equipment included: four‑post lift, air compressor, and large air conditioning fan with additional accessories
    • Land features include a pond and partial gating, plus room for expansion or additional outdoor operations

    Overview

    This flex office and warehouse facility combines office, retail, and warehouse/service areas within a single functional layout. The building includes multiple restrooms for customers and employees, dedicated office space, and defined service and warehouse zones. Improvements described include covered breezeways, strong structural design, and drainage, along with site planning intended to support smooth workflow across daily operations. Equipment included with the sale is noted as a four-post lift, air compressor, large air conditioning fan, and additional accessories, creating a more immediately operational setup for many types of service or light industrial businesses.

    The property is positioned on Highway 69 frontage in Checotah, Oklahoma, with easy on/off highway access. The remarks state the site is approximately one mile from downtown Checotah, placing it within reach of local demand while also serving pass-through traffic.

    With its mix of customer-facing areas and service/warehouse space, the building can fit a range of commercial uses that benefit from visibility and practical interior flow. Covered outdoor connections and the equipment package make it particularly relevant for operators needing both front-end presence and functional back-of-house space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hosstyle Equipment -Checotah (Bike/Boat/Book/etc) Store Checotah Wholesale Feed Agricultural Service

    Suggested Use

    Computer & Electronic Repair Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Checotah
    County
    McIntosh
    State
    Oklahoma
    Longitude
    -95.522255
    Latitude
    35.497018

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    FAQs

    What type of property is this?
    Flex space - High-visibility flex facility with office, retail, and warehouse/service areas and Highway 69 access in Checotah.
    Where is this flex space located?
    The property is located at 2238 N Broadway Checotah, OK.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Approximately 6‑acre commercial property with Prime Highway 69 frontage and easy on/off highway access in Checotah, OK; 11,000+/- SF office, retail, and warehouse facility; approximately 5,000+/- SF heated and cooled; Built in 1998 with metal roof, aluminum exterior, central heating, and central air conditioning
    (888) 560-3964
    We can help!
    Listing Contact
    Hoss Durrett
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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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    2238 N Broadway, Checotah, OK 74426
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