Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mixed-Use Property in Downtown Pawhuska Title is generated by Realmo AI

    617 Kihekah Avenue, Pawhuska, OK 74056

    View on Map
    Claim this Listing
    For Sale
    $299,000

    COMMERCIAL - Pawhuska, OK

    Property size:
    2,463 SF
    Lot size:
    0.99 Acres
    Price / SF:
    $121/SF
    Added:
    Apr 13, 2026
    Days on Market:
    31
    Last Refresh:
    May 13 at 7:06 pm

    Property Features for 617 Kihekah Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Com Imp
    Parking features
    Off Street
    Interior features
    Cable TV Wired, High Speed Internet, Mini-Kitchen, Public Restrooms, Smoke Detector, Vaulted Ceiling, Window Treatment
    Exterior features
    Sidewalk
    Standard status
    Active
    Size
    2,463 SF
    Lot size
    0.99 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    O.T. PAWHUSKA S 16'5 LOT 10 & N 8'4 OF LOT 11, BLK 70
    Tax Annual Amount
    907

    Utilities

    Utilities
    Cable Available
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1922
    Flooring type
    Concrete, Hardwood
    Building materials
    Brick

    We can help!

    Listing Contact
    Ashley Dailey

    Listing agent Ashley Dailey

    Listing office Keller Williams Premier 13315 E 112th St N #100, Owasso, OK

    Listing date Apr 13, 2026

    MLS# 2613056

    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

    • Below appraisal value, offering immediate equity.
    • Complete package: commercial storefront and residential/Airbnb space.
    • Prime downtown Pawhuska location near The Pioneer Woman Mercantile.
    • Turnkey opportunity: Furnishings included (excluding art).
    • Updated electrical, plumbing, fixtures, and structural improvements.
    • Successful short‑term rental with 2 bedrooms, 1 bathroom, full kitchen, and laundry.

    Overview

    This 2,463 square foot, two-story commercial/residential property is located in downtown Pawhuska. The property includes a street-level commercial storefront and an upstairs residential/Airbnb space. The main level features a retail/gallery area with 14-foot ceilings, original 1920s tin tile, large storefront windows facing Kihekah Avenue, a half bath, and a dedicated work area. The upstairs loft, with a private entry, operates as a short-term rental and offers 2 bedrooms, 1 bathroom with a clawfoot tub, a full kitchen, a dining area, and a laundry room. Original hardwood floors and tall ceilings are present. A screened-in porch leads to an outdoor gathering area. Furnishings are included, excluding art. The property has been updated with new electrical, plumbing, fixtures, and structural improvements while maintaining its historic character. The property is located near The Pioneer Woman Mercantile and minutes from the Osage Nation Museum and Osage Nation campus. The lot size is 0.985 acres.
    Location Intelligence

    Current Use by Public Records

    Oilman's Daughter Interiors Department Store Simply Jane Boutique Clothing & Fashion Store Little Rain Song ... Vacation Rental Big Rain Gallery Gift Shop

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Pawhuska
    County
    Osage
    State
    Oklahoma
    Longitude
    -96.339945
    Latitude
    36.665027

    Nearby Similar for Sale

    • $288,000
      1,600 SF

      Commercial Opportunity on Highway 60

      Two buildings suitable for retail or automotive businesses.
      800 West Main Street, Pawhuska, OK 74056
      View Details
    • $92,500
      1,286 SF

      Historic Storefront in Downtown Pawhuska

      1925 brick building in vibrant downtown Pawhuska, Oklahoma.
      614 Kihekah Avenue, Pawhuska, OK 74056
      View Details
    • Contact for pricing
      227,275 SF

      Pawhuska Warehouse and Distribution Facility

      227,275 SF warehouse with ample parking in Pawhuska, OK.
      1901 Boundary Ave, Pawhuska, OK
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two-story commercial/residential property with income potential in downtown Pawhuska.
    Where is this mixed-use property located?
    The property is located at 617 Kihekah Avenue Pawhuska, OK.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Below appraisal value, offering immediate equity.; Complete package: commercial storefront and residential/Airbnb space.; Prime downtown Pawhuska location near The Pioneer Woman Mercantile.
    (918) 272-0809
    We can help!
    Listing Contact
    Ashley Dailey
    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
    617 Kihekah Avenue, Pawhuska, OK 74056
    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!