Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11976 Rogers Rd Thackerville, OK 73459

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11976 Rogers Rd Thackerville, OK 73459

    View on Map
    • Residential income homes
    • 3.09 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 11976 Rogers Rd

    Lot size
    3.09 lot acres
    Property type
    Residential income homes

    Description

    Exceptional investment opportunity in Thackerville, Oklahoma, featuring a four-unit single-family rental portfolio situated on a spacious 3.09-acre lot. This property boasts prime location near the I-35 Oklahoma-Texas state line and the Red River, approximately one mile northwest of the renowned WinStar World Casino & Resort. The portfolio comprises four units with varying sizes and construction dates, offering a diverse range of rental options. Unit #1, a 1218 sq ft, 3-bedroom, 1-bathroom home, was built in 1980. Unit #2, constructed in 1989, offers 960 sq ft with 2 bedrooms and 1 bathroom. Unit #3, a more modern 2-bedroom, 1-bathroom unit built in 2007, provides 704 sq ft of living space. Finally, Unit #4, also built in 1980, mirrors Unit #2 with 960 sq ft, 2 bedrooms, and 1 bathroom. The property enjoys excellent road frontage on Rogers Road and Highway 77, ensuring high visibility and accessibility. This multifamily investment presents a compelling opportunity to capitalize on the strong rental demand in this thriving area, driven by the proximity to WinStar World Casino and its significant tourist traffic. The property is offered at $799,900. All units are single-story.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Thackerville
    County
    Love
    State
    Oklahoma
    Longitude
    -97.1434
    Latitude
    33.7664

    Comparable in this City

    • Value Estimation by Request
      2.00 Acres

      12233 Nashoba Rd

      Multifamily properties • 87,120 SF
      12233 Nashoba Rd, Thackerville, OK 73459
      View Details
    • Value Estimation by Request
      23.50 Acres

      19394 Old Town Rd

      Farms • 23.50 Acres
      19394 Old Town Rd, Thackerville, OK 73459
      View Details
    • Value Estimation by Request
      25.00 Acres

      White Rose Rd

      Farms • 25.00 Acres
      0 White Rose Rd, Thackerville, OK 73459
      View Details
    • Value Estimation by Request
      150.00 Acres

      19015 Tabler Rd

      Land • 150.00 Acres
      19015 Tabler Rd, Thackerville, OK 73459
      View Details
    • Value Estimation by Request
      2.00 Acres

      Kingview St

      VACANT COMMERCIAL LAND • 2.00 Acres
      Kingview St, Thackerville, OK 73459
      View Details
    • Value Estimation by Request
      15.26 Acres

      Pearman Rd

      VACANT COMMERCIAL LAND • 15.26 Acres
      Pearman Rd, Thackerville, OK 73459
      View Details

    Similar Nearby for Sale

    • $849,000
      1,232 SF

      Thackerville Rental Cabins and RV

      Rental cabins, RV spots, and mobile home near casino.
      10778 Hideaway Ln, Thackerville, OK 73459
      View Details
    • $2,200,000
      8,226 SF

      Turnkey Multi-Structure Hospitality Asset

      Scenic 10-acre property near I-35, WinStar Casino, Oklahoma-Texas border.
      12625 Sandpiper Rd, Thackerville, OK 73459
      View Details
    • Contact for pricing
      1,272 SF

      19088 Old Santa Fe Trail, Thakerville, OK 73459

      Mobile home & RV parks • 1,272 SF
      19088 Old Santa Fe Trl, Thackerville, OK 73459
      View Details
    • $649,900

      Thackerville RV Park Opportunity

      RV park with expansion potential near Winstar Casino.
      20080 Tabler Rd, Thackerville, OK 73459
      View Details
    • $249,900

      Land Near Winstar Casino

      Two-acre vacant land parcel near Winstar Casino with highway frontage.
      21403 Us Highway 77, Marietta, OK 73459
      View Details
    • $2,130,000
      53.19 Acres

      Thakerville Land Near WinStar Casino

      53.19 acres with I-35 visibility and a 22,950 sq ft building.
      77 & White Rose Rd, Thackerville, OK 73459
      View Details
    Request Owner's contact information
    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.
    11976 Rogers Rd
    Thackerville, OK 73459
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!