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    303 Wood Dr Okmulgee, OK 74447
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    303 Wood Dr, Okmulgee, OK 74447

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    • Retail properties & Spaces
    • 4,104 SF
    • 0.78 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 303 Wood Dr

    Year built
    1993
    Lot size
    0.78 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Okmulgee
    County
    Okmulgee
    State
    Oklahoma
    Longitude
    -95.96
    Latitude
    35.6213

    Comparable in this City

    • Value Estimation by Request
      1,566 SF

      310 Wood Dr

      SERVICE STATION (FULL SERVICE)
      310 Wood Dr, Okmulgee, OK 74447-5230
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    • Value Estimation by Request
      1,260 SF

      Okmulgee, OK 74447

      SERVICE STATION (FULL SERVICE)
      Okmulgee, OK 74447
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    • Value Estimation by Request
      2,750 SF

      Okmulgee, OK 74447

      GROCERY, SUPERMARKET
      Okmulgee, OK 74447
      View Details
    • Value Estimation by Request
      2,400 SF

      1401 Okmulgee Ave

      CONVENIENCE STORE
      1401 Okmulgee Ave, Okmulgee, OK 74447-2255
      View Details
    • Value Estimation
      $630,000
      5,400 SF

      Okmulgee, OK 74447

      CONVENIENCE STORE
      Okmulgee, OK 74447
      View Details
    • Value Estimation by Request
      1,751 SF

      114 8th St

      GROCERY, SUPERMARKET
      114 8th St, Okmulgee, OK 74447-5001
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Okmulgee Commercial Land For Sale

      Commercial land available in Okmulgee, Oklahoma, near Tulsa.
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    • Contact for pricing
      Pending

      Highway Frontage Commercial Land

      Commercial land with highway frontage and two buildings.
      4900 N Wood Dr, Okmulgee, OK 74447
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      1,416 SF

      Highway 75 Mixed-Use Investment

      Six-parcel commercial corner in high-traffic corridor for sale.
      419 N Wood Dr, Okmulgee, OK 74447
      View Details
    • $49,500
      0.32 Acres

      Commercial Lot Near Downtown

      Commercial lot in high-traffic area, suitable for various uses.
      E 7Th St, Okmulgee, OK 74447
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    • $375,000
      2,400 SF

      Okmulgee Commercial Property on Highway

      Commercial property with highway frontage and potential for expansion.
      1307 N Wood Dr, Okmulgee, OK 74447
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    • Contact for pricing
      4,192 SF

      Highway Frontage Retail Opportunity

      Two buildings on 6.76 acres with highway frontage.
      4900 N Wood Dr, Okmulgee, OK 74447
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    Similar Nearby for Lease

    • Contact for pricing
      4,200 SF

      Turn-Key Restaurant Space Available

      Restaurant space in historic downtown Okmulgee with fully equipped kitchen.
      104 S Morton Ave, Okmulgee, OK 74447
      View Details
    • Contact for pricing

      Retail Space in Okmulgee, OK

      Retail space in the heart of Okmulgee, Oklahoma.
      400 S Wood Dr, Okmulgee, OK 74447
      View Details
    • Contact for pricing

      Versatile Office Space with Income

      Flexible office building suited for various ventures with income potential.
      115 S Muskogee Ave, Okmulgee, OK 74447
      View Details
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    Okmulgee, OK 74447
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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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