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    614 Belaire Ave Porter, OK 74454

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    614 Belaire Ave Porter, OK 74454

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    • Investment properties
    • 6,072 SF
    • 1.28 lot acres
    For Sale
    $200,000
    View Listing →
    Prime Porter Commercial Property For Sale
    $200,000
    6,072 SF

    Prime Porter Commercial Property

    Feed Store & Tire Shop - Huge Potential

    Tullahassee, OK 74454
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 614 Belaire Ave

    Year built
    1950
    Lot size
    1.28 lot acres
    Property size
    6,072 SF
    Property type
    Investment properties

    Description

    This exceptional 6,072 square foot commercial property, located at 614 W Bel Aire Avenue Unit 614, Porter, OK, sits on a 1.28-acre lot and presents a rare opportunity for business ownership. Currently operating as a thriving feed store and tire shop, this established business enjoys a prime location in the heart of Peach Country. The property boasts ample indoor and outdoor space, offering significant flexibility for a variety of commercial uses. Imagine the possibilities – continue the successful feed store and tire shop operation, or adapt the space to suit your own entrepreneurial vision. The existing infrastructure includes white bulk feed bins that remain with the property. This turnkey operation offers immediate income potential, with the added benefit of a substantial building and ample land. The sale includes the real estate only

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Porter
    County
    Wagoner
    State
    Oklahoma
    Longitude
    -95.5184
    Latitude
    35.8649

    Comparable in this City

    • Value Estimation by Request
      4.06 Acres

      Porter, OK 74454

      VACANT COMMERCIAL LAND • 4.06 Acres
      Porter, OK 74454
      View Details
    • Value Estimation by Request
      1,226 SF

      Porter, OK 74454

      VACANT COMMERCIAL LAND • 1,226 SF
      Porter, OK 74454
      View Details
    • Value Estimation by Request
      1,226 SF

      Porter, OK 74454

      VACANT COMMERCIAL LAND • 1,226 SF
      Porter, OK 74454
      View Details
    • Value Estimation by Request
      1,680 SF

      Porter, OK 74454

      MINI-WAREHOUSE, STORAGE • 1,680 SF
      Porter, OK 74454
      View Details
    • Value Estimation
      $1,140,000
      5,820 SF

      Dewey Ave Wag

      CONVENIENCE STORE • 5,820 SF
      Dewey Ave Wag, Porter, OK 74454
      View Details
    • Value Estimation by Request
      1,226 SF

      Porter, OK 74454

      VACANT COMMERCIAL LAND • 1,226 SF
      Porter, OK 74454
      View Details

    Similar Nearby for Sale

    • $200,000
      6,072 SF

      Prime Porter Commercial Property

      Feed Store & Tire Shop - Huge Potential
      614 Belaire Ave, Porter, OK 74454
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    • $85,000
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    614 Belaire Ave
    Porter, OK 74454
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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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