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    Commercial Building in High-Traffic Location Title is generated by Realmo AI

    806 9th Street, Woodward, OK 73801

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    Claim this Listing
    For Sale
    $133,000

    COMMERCIAL - Woodward, OK

    Property size:
    4,954 SF
    Lot size:
    0.47 Acres
    Price / SF:
    $26/SF
    Added:
    Apr 17, 2025
    Days on Market:
    416
    Last Refresh:
    Jun 6 at 5:06 pm

    Property Features for 806 9th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    Size
    4,954 SF
    Lot size
    0.47 Acres

    Utilities

    Heating system
    Space Heater
    Cooling system
    Electric, Central Air

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Flat

    We can help!

    Listing Contact
    Ira Smith

    Listing agent Ira Smith License #070869

    Listing office Smith & Co Auction & Realty Inc 1102 Oklahoma Brokerage #120265, Woodward, OK

    Listing date Apr 17, 2025

    MLS# 20250497

    Copyright © 2026 Northwest Oklahoma Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location ideal for business visibility.
    • Main building: 4,954 +\/- sq. ft. with updated office and 3 bays with overhead doors.
    • Two additional buildings (3,000 +\/- sq. ft. and 471 +\/- sq. ft.) for storage or other uses.
    • Ample parking on the east side of the main building.
    • Specialized features: cooler room, floor drains, tankless water heater.
    • Additional access to rear buildings from Webster street and alley easement.

    Overview

    Located in Woodward, OK, this commercial property features a 4,954 +/- sq. ft. building situated in a high-traffic area. The main building includes an updated office space and three bays with overhead doors. The layout also incorporates a general work or display area and a cooler room. One of the bays is equipped with floor drains, while another has a tankless water heater suitable for cleaning or deer processing. A recessed receiving area is located on the south side of the building. Ample parking is available on the east side. Adjacent to the main building, across the parking area, are two additional buildings. One building provides 3,000 +/- sq. ft. of general storage space and includes an overhead door. The second building measures 471 +/- sq. ft. and features two overhead doors. It shares a common wall with the 3,000 +/- sq. ft. building. These buildings are accessible from the north or via the alley easement on the south. The lot size is 0.4706 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Moody Electric Co. Electrical Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Jane's TRANSFER & STORAGE — Santa Fe Ave, Woodward, OK 73801
    • Benbrook Secure Storage — 1207 Kansas Ave, Woodward, OK 73801
    • 14th & Texas Mini Storage — 1114 14th St, Woodward, OK 73801
    • Benbrook Secure Storage — 901 Main St, Woodward, OK 73801
    • Farmers United Cooperative Pool — 1210 19th St, Woodward, OK 73801

    Location Insight

    • Map
    • Local Demand
    City
    Woodward
    County
    Woodward
    State
    Oklahoma
    Longitude
    -99.390304
    Latitude
    36.439175

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    FAQs

    What type of property is this?
    Warehouse - 4,954 sqft building with parking and additional storage buildings.
    Where is this warehouse located?
    The property is located at 806 9th Street Woodward, OK.
    What is the asking price?
    The asking price for this property is $133,000.
    What are key features of this property?
    This property features: High‑traffic location ideal for business visibility.; Main building: 4,954 +\/- sq. ft. with updated office and **3 bays with overhead doors.**; Two additional buildings (3,000 +\/- sq. ft. and 471 +\/- sq. ft.) for storage or other uses.
    (580) 334-6001
    We can help!
    Listing Contact
    Ira Smith
    Real Estate License ID: 070869
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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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