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    Historic Building in Downtown Pawhuska Title is generated by Realmo AI

    614 Kihekah Avenue, Pawhuska, OK 74056

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    Claim this Listing
    For Sale
    $92,500

    COMMERCIAL - Pawhuska, OK

    Property size:
    1,286 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $71/SF
    Added:
    May 19, 2026
    Days on Market:
    12
    Last Refresh:
    May 30 at 6:06 am

    Property Features for 614 Kihekah Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    UC
    Parking features
    Off Street
    Interior features
    9' Ceiling Height, Display Window, Mini-Kitchen, Public Restrooms
    Exterior features
    Storage
    Standard status
    Active
    APN
    570023286
    Size
    1,286 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    OT Pawhuska Lot 24 BLOCK 69
    Tax Annual Amount
    370

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1925
    Building materials
    Brick
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Kevin Abbott
    Kevin Abbott

    Listing agent Kevin Abbott License #175462

    Listing office Keller Williams Premier 2002 S Hwy 66, Claremore, OK

    Listing date May 19, 2026

    MLS# 2618435

    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 location on vibrant Kihekah Avenue in historic downtown Pawhuska, offering high visibility and foot traffic.
    • 1925 brick building with two storefront entrances, suitable for multiple businesses or a single large venture.
    • Versatile space ideal for restaurant, retail, gallery, office, or other creative concepts.
    • Includes public restrooms and sidewalk access.
    • Features 9' ceiling height and display window.
    • Off‑street parking available.

    Overview

    Located on Kihekah Avenue in historic downtown Pawhuska, this commercial property presents a unique opportunity. Constructed in 1925, the brick building features two storefront entrances, suitable for either separate businesses or a combined venture. The property offers a versatile space that can be adapted for various uses, including a restaurant, cafe, boutique retail, gallery, or office space. Public restrooms and sidewalk access enhance the property's accessibility, while its strong street presence ensures visibility. Situated amidst Pawhuska's popular shops, dining establishments, and tourist attractions, the property benefits from consistent foot traffic within one of Oklahoma's energetic districts. The property size is 1286 square feet and the lot size is 0.087 acres. The zoning is UC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Similar Places Nearby

    • Roots + Blooms — 525 Kihekah Ave, Pawhuska, OK 74056

    Location Insight

    • Map
    • Local Demand
    City
    Pawhuska
    County
    Osage
    State
    Oklahoma
    Longitude
    -96.33963
    Latitude
    36.66474

    Nearby Similar for Sale

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      View Details
    • Contact for pricing
      227,275 SF

      Pawhuska Warehouse and Distribution Facility

      227,275 SF warehouse with ample parking in Pawhuska, OK.
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    FAQs

    What type of property is this?
    Storefront property - 1925 brick building in vibrant downtown Pawhuska, Oklahoma.
    Where is this storefront property located?
    The property is located at 614 Kihekah Avenue Pawhuska, OK.
    What is the asking price?
    The asking price for this property is $92,500.
    What are key features of this property?
    This property features: Prime location on vibrant Kihekah Avenue in historic downtown Pawhuska, offering high visibility and foot traffic.; 1925 brick building with two storefront entrances, suitable for multiple businesses or a single large venture.; Versatile space ideal for restaurant, retail, gallery, office, or other creative concepts.
    (918) 283-2252
    We can help!
    Listing Contact
    Kevin Abbott
    Kevin Abbott
    Real Estate License ID: 175462
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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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