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    Commercial Development Site with Park Title is generated by Realmo AI

    7 Mathis Park Drive, Tahlequah, OK 74464

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    A multi-building, multi-use campus site with RV park amenities and a central park with ponds for flexible reuse.

    Type:Special Purpose
    Property size:
    77,055 SF
    Lot size:
    50.00 Acres
    Price / SF:
    $50/SF
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 1 at 2:55 pm

    Property Features for 7 Mathis Park Drive

    General Information

    Standard status
    Active
    Size
    77,055 SF
    Lot size
    50.00 Acres
    Property subtype
    Special Purpose

    Building Details

    Year Built
    1942

    We can help!

    Listing Contact
    Jennifer Wright

    Listing agent Jennifer Wright License #OK

    Listing office Century 21 Wright Real Estate

    Listing date May 27, 2026

    Source Crexi

    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 Century 21 Wright Real Estate

    HighLights

    • Approximately 50+/- acres in central Tahlequah, OK with a multi‑building, multi‑use campus layout
    • Includes multiple homes, office buildings, a school and gymnasium, and an event hall
    • RV park amenities include a swimming pool plus locker room facilities
    • On‑site livestock barn, sheds, and a fully equipped commercial kitchen
    • Central park setting features a live spring and multiple ponds

    Overview

    The property at 7 Mathis Park Drive is a large development site featuring a mix of existing improvements, including multiple homes, office buildings, a school and gymnasium, an event hall, and a fully equipped commercial kitchen. Additional facilities include a livestock barn, sheds, a swimming pool, locker room facilities, and RV park components. A central park runs through the site and includes a live spring and multiple ponds, creating an outdoor setting suited to gatherings, recreation, or open-space requirements.

    Access is described via routes through Academy to Jones Ave, continuing to a Circle of Care entrance on the west side of Jones Ave, and then through an overhead entrance sign onto Mathis Park Drive. The seller’s remarks describe the site as located in the heart of Tahlequah, Oklahoma.

    For tenants, buyers, or operators looking for a ready-to-configure campus with a broad set of built-in amenities, the current mix of educational, event, lodging/RV, office, and support facilities may fit a range of institutional or community-oriented uses. The presence of the commercial kitchen and event spaces can support food service and hosting needs, while the outdoor park features add functional common-area value for planned redevelopment or continued operation of compatible uses.
    Location Intelligence

    Current Use by Public Records

    Tahlequah Learning Center Daycare Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    Tahlequah
    County
    Cherokee
    State
    Oklahoma
    Longitude
    -94.976629
    Latitude
    35.925583

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    FAQs

    What type of property is this?
    School - A multi-building, multi-use campus site with RV park amenities and a central park with ponds for flexible reuse.
    Where is this school located?
    The property is located at 7 Mathis Park Drive Tahlequah, OK.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: Approximately 50+/- acres in central Tahlequah, OK with a multi‑building, multi‑use campus layout; Includes multiple homes, office buildings, a school and gymnasium, and an event hall; RV park amenities include a swimming pool plus locker room facilities
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jennifer Wright
    Real Estate License ID: OK
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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.

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    7 Mathis Park Drive, Tahlequah, OK 74464
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