Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    524 Dawson St Meeker, OK 74855

    Sponsored
    For Sale
    $649,900

    Thriving Oklahoma restaurant, great investment.

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    421
    This exceptional investment opportunity presents a fully operational, rustic-style restaurant in Meeker, Oklahoma. The property encompasses a 4,000 square foot building situated on a generous 2.5-acre lot, offering ample parking and potential for expansion. Currently operating under a 4-year NNN lease (commencing April 1, 2024, and expiring March 31, 2028) with a tenant occupancy rate of 100%, the property generates a substantial net operating income (NOI) of $66,000 annually, representing a 10.16% cap rate. The asking price is $649,900, translating to $162.48 per square foot. The restaurant boasts a well-established reputation and includes all furniture, fixtures, and equipment (inventory negotiable). The building features a central lobby, spacious dining areas, a fully equipped kitchen with ample storage, a large office, and a security system. The property's prime location on a main highway, with proximity to a secondary highway, ensures high traffic visibility. The current tenant intends to lease back the property post-sale, providing immediate income potential. The sale includes fee simple ownership and is offered as a sale/leaseback investment. The property's Commercial zoning allows for diverse future development possibilities. This is a rare opportunity to acquire a profitable, established business with significant growth potential. Detailed financial documents are available upon request.

    Property Features for 524 Dawson St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,000 SF
    Lot Size
    108,900 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    Michael Buoy
    Michael Buoy

    Learn more

    Property Insight Report

    HighLights

    • High‑traffic location on major highway with secondary highway access.
    • Established business with sale including equipment and furniture (inventory separately negotiable).
    • Significant growth potential.
    • Large lot allowing for expansion or additional construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ladonna's Grill Restaurant

    Suggested Use

    Real Estate Agency Restaurant Hair Salon Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store Kitchen & Bath Showroom Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Meeker
    County
    Lincoln
    State
    Oklahoma
    Longitude
    -96.894472434065
    Latitude
    35.496644688539

    Nearby Comparable

    • $784,900
      7,711 SF

      Meeker Commercial Property For Sale

      Commercial property in Meeker, OK, ideal for investors.
      408 S Dawson St, Meeker, OK 74855
      View Details
    • $125,000
      4,000 SF

      Meeker, OK Multi-Building Investment

      Three buildings, high potential, $125,000.
      606 Carl Hubbell Main Blvd, Meeker, OK 74855
      View Details
    • $67,500
      3,500 SF

      Prime Meeker Office Building

      High-potential commercial space on Hwy 62
      620 Carl Hubbell Blvd, Meeker, OK 74855
      View Details
    • $199,900
      2,500 SF

      Meeker Commercial Building - Ready to Go!

      Downtown Meeker Restaurant/Manufacturing Space
      702 Carl Hubbell Blvd, Meeker, OK 74855
      View Details
    • $565,000
      4,351 SF

      Meeker Farm Estate on 15.95 Acres

      15.95 acre farm estate with ponds and rolling acreage.
      101 Gatlin Dr, Meeker, OK 74855
      View Details
    • $1,000,000
      80.00 Acres

      80 Acres in Pottawatomie County

      80 acres in Pottawatomie County, minutes from Oklahoma City and Shawnee.
      Hazel Dell Rd, Shawnee, OK 74804
      View Details
    • $480,000
      40.00 Acres

      Meeker, OK Farmland Opportunity

      40-acre tract suitable for farming, cattle, or building a home.
      10400 Acres Tract #1 Rd, Meeker, OK 74855
      View Details

    Nearby Similar for Sale

    • $565,000
      4,351 SF

      Meeker Farm Estate on 15.95 Acres

      15.95 acre farm estate with ponds and rolling acreage.
      101 Gatlin Dr, Meeker, OK 74855
      View Details
    • $784,900
      7,711 SF

      Meeker Commercial Property For Sale

      Commercial property in Meeker, OK, ideal for investors.
      408 S Dawson St, Meeker, OK 74855
      View Details
    • $199,900
      2,500 SF

      Meeker Commercial Building - Ready to Go!

      Downtown Meeker Restaurant/Manufacturing Space
      702 Carl Hubbell Blvd, Meeker, OK 74855
      View Details
    • $67,500
      3,500 SF

      Prime Meeker Office Building

      High-potential commercial space on Hwy 62
      620 Carl Hubbell Blvd, Meeker, OK 74855
      View Details
    • $125,000
      4,000 SF

      Meeker, OK Multi-Building Investment

      Three buildings, high potential, $125,000.
      606 Carl Hubbell Main Blvd, Meeker, OK 74855
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Thriving Oklahoma restaurant, great investment.
    Where is this individual retail property located?
    The property is located at 524 Dawson St Meeker, OK.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: High-traffic location on major highway with secondary highway access.; Established business with sale including equipment and furniture (inventory separately negotiable).; Significant growth potential.
    Request Owner's contact information
    524 Dawson St Meeker, OK 74855
    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.
    524 Dawson St
    Meeker, OK 74855
    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
    524 Dawson St Meeker, OK 74855
    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

    We can help!
    Listing Contact
    Michael Buoy
    Michael Buoy
    Real Estate License ID: 124093
    Learn more
    Google sign-in failed. Please try again or use another login method.