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    291 Broadway Ave Disney, OK 74340

    Sponsored
    For Sale
    $140,000
    Property size:
    1,400 SF
    Added:
    Dec 11, 2024
    Days on Market:
    415

    Property Features for 291 Broadway Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,400 SF

    We can help!

    Listing Contact
    JW Weldon Hughes, CHA
    JW Weldon Hughes, CHA

    Learn more

    HighLights

    • Reduced price: $140,000. Motivated seller.
    • 1,400+ SF commercial building on 0.1837 acres (approx. 8,000 SF).
    • Lots 11, 12, and 13 in Tract 1, Langley, OK. Fronts Highway 82.
    • City water and sewer available.
    • Located in South Grand Lake, OK.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Disney
    County
    Mayes
    State
    Oklahoma
    Longitude
    -95.0481261
    Latitude
    36.4681886

    Nearby Comparable

    • $85,000
      1,400 SF

      Langley Commercial Building on Highway 82

      Commercial building in Langley, OK, fronts Highway 82.
      291 West Broadway Ave & Hwy 82, Langley, OK 74350
      View Details
    • $105,000
      1,400 SF

      Retail Property Near Grand Lake

      Retail property in Langley, OK, near Grand Lake.
      291 W Broadway Ave, Langley, OK
      View Details
    • $140,000
      8,000 SF

      Langley Office Building - Grand Lake

      Prime Langley location, 8,000 sq ft, $140,000
      291 Broadway Ave, Langley, OK 74350
      View Details
    • $225,000
      800 SF

      Retail Property with Development Potential

      Retail property with large parking lot and adjacent development lot.
      890 Hwy 28 E, Langley, OK
      View Details
    • Contact for pricing
      82,400 SF

      Land Near Grand Lake

      Land available near Grand Lake of the Cherokees, Oklahoma.
      4465/Old Ketchum Rd/Whiskey Rd, Langley, OK
      View Details
    • $225,000
      800 SF

      13057 Ok-28

      Office Properties & Spaces • 800 SF
      13057 Ok-28, Langley, OK 74350
      View Details
    • $225,000
      800 SF

      Langley Commercial Building For Sale

      Commercial building with retail potential in Langley, Oklahoma.
      890 Hwy 28 East, Langley, OK 74350
      View Details
    • $225,000
      11,743 SF

      Langley Office Building - Great Value

      11,743 SF Office Space, $225K
      13057 Hwy 28, Langley, OK 74350
      View Details

    FAQs

    Where is this individual retail property located?
    The property is located at 291 Broadway Ave Disney, OK.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: Reduced price: $140,000. Motivated seller.; 1,400+ SF commercial building on 0.1837 acres (approx. 8,000 SF).; Lots 11, 12, and 13 in Tract 1, Langley, OK. Fronts Highway 82.
    Request Owner's contact information
    291 Broadway Ave Disney, OK 74340
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    Disney, OK 74340
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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
    291 Broadway Ave Disney, OK 74340
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    We can help!
    Listing Contact
    JW Weldon Hughes, CHA
    JW Weldon Hughes, CHA
    Real Estate License ID: OK 106012
    Learn more
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