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    Property profile & analytics

    536 Ash St Nowata, OK 74048

    • Mixed-use properties
    • 3,000 SF
    • 1.00 lot acres
    For Sale
    View listing
    $155,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1728701
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 536 Ash St

    Year built
    1997
    Lot size
    1.00 lot acres
    Property size
    3,000 SF
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property, situated on a one-acre corner lot at 536 N Ash Street, Unit 536, Nowata, OK, presents a remarkable investment opportunity. Boasting a highly visible location directly off busy Highway 169, between Casey's and Love's Truck Stop, this property benefits from exceptional traffic flow. The 3,000 square foot building comprises a duplex and a separate structure. The duplex features two one-bedroom, one-bathroom units, each with a spacious living room, laundry room, and well-equipped kitchen including a dishwasher, stove, vent hood, and garbage disposal. One unit is currently rented, generating immediate income. An oversized garage is available for tenant use. The adjacent building, previously used as a restaurant, is currently configured as a garage and includes an electric garage door opener. All city utilities, including sewer and water, are connected. This property's strategic location offers easy access to Bartlesville (15-20 minutes), Vinita (15-20 minutes), and Coffeyville, KS (15-20 minutes), and is approximately 35 minutes from Owasso. The high traffic volume on Highway 169, combined with the existing rental income and versatile building layout, makes this a truly unique and lucrative investment prospect. The property's potential for diverse uses allows for significant upside and future development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nowata
    County
    Nowata
    State
    Oklahoma
    Longitude
    -95.62902
    Latitude
    36.70865

    Comparable in this City

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      Nowata Commercial/Residential Gem

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      Highway 60 Commercial Land Opportunity

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    • $65,000
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      Developed Acreage with Utilities

      1.8 acres with utilities ready for new construction.
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    • $70,000
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      Vacant Land in Nowata County

      10 acres of vacant land with easy highway access.
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    • Contact for pricing
      0.57 Acres

      Nowata Residential Land For Sale

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    • $180,000
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      40 Acres Land in Nowata, OK

      40 acres of partially fenced land suitable for cattle.
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    Similar Nearby for Sale

    • $350,000
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      Nowata Retail Space - Hwy 169

      High-visibility retail space, Nowata, OK.
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    • $39,900
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      5-Acre Land Near Oologah Lake

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      Nowata Residential Lots For Sale

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    • $175,000
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      Nowata Commercial Building on US-169

      Commercial building with highway frontage, ideal for restaurant or retail.
      123 Ash St, Nowata, OK 74048
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    • $99,500
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      Nowata Commercial/Residential Gem

      High-traffic location, versatile space, great investment!
      621 Delaware Ave, Nowata, OK 74048
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    • $65,000
      Pending

      Developed Acreage with Utilities

      1.8 acres with utilities ready for new construction.
      18043 Ns 415, Nowata, OK 74048
      View Details
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    536 Ash St
    Nowata, OK 74048
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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
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