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    333769 Ok-105 Perkins, OK 74059

    • Specialty properties
    • 3,000 SF
    • 40.41 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 333769 Ok-105

    Year built
    2018
    Lot size
    40.41 lot acres
    Property size
    3,000 SF
    Property type
    Specialty properties
    Property subtype
    Mixed-use properties

    Description

    Exceptional investment opportunity: Walnut Creek Ranch, a stunning 40.41-acre property in Perkins, Oklahoma, presents a unique blend of agricultural, commercial, and special-purpose uses. This Class A mixed-use property, located just off Highway 105, offers two buildings totaling 3,000-5,000 square feet. The main structure is a luxurious custom-built log cabin featuring a large wrap-around porch, fishing dock, and cigar room, showcasing high-end finishes. A second, 3,000 square foot guest house, slated for completion in September 2023, will include a full bathroom, commercial kitchen, and three bedrooms designed to match the main cabin's aesthetic. The property boasts a private 4-acre lake and is zoned for rural use. With two units, one dock-high door, and one gas pump, this vacant property presents significant potential for various ventures. Located less than an hour from Oklahoma City and Tulsa, it benefits from excellent demographics, including predicted population growth within a 5-mile radius and strong household income figures. The property's large pad allows for expansion, making it an ideal value-add investment suited for events, cannabis, or agricultural pursuits. The asking price is $1,495,000. Built in 2018, this two-story property is privately owned and features APN 000016N02E14100500.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Perkins
    County
    Lincoln
    State
    Oklahoma
    Longitude
    -97.0563
    Latitude
    35.8695

    Comparable in this City

    • Value Estimation
      $295,000
      2,409 SF

      621 116th St

      CHARITABLE ORGANIZATION • 2,409 SF
      621 116th St, Perkins, OK 74059
      View Details
    • Value Estimation
      $255,000
      17.48 Acres

      423 2nd St

      COMMERCIAL (GENERAL) • 17.48 Acres
      423 2nd St, Perkins, OK 74059-3206
      View Details
    • Value Estimation
      $330,000
      5,539 SF

      128 Main St

      COMMERCIAL (GENERAL) • 5,539 SF
      128 Main St, Perkins, OK 74059
      View Details
    • Value Estimation
      $60,000
      2.50 Acres

      202 Main St

      COMMERCIAL (GENERAL) • 2.50 Acres
      202 Main St, Perkins, OK 74059
      View Details
    • Value Estimation
      $315,000
      2,504 SF

      114 Stumbo Ave

      COMMERCIAL (GENERAL) • 2,504 SF
      114 Stumbo Ave, Perkins, OK 74059-3980
      View Details
    • Value Estimation
      $250,000
      6.00 Acres

      202 3rd St

      COMMERCIAL (GENERAL) • 6.00 Acres
      202 3rd St, Perkins, OK 74059-3611
      View Details

    Similar Nearby for Sale

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      5 Acres Prime Location Perkins

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    • $49,900
      4.03 Acres

      Land in Perkins, Oklahoma

      4.03 acres of land perfect for building your dream home.
      86Th St, Perkins, OK 74059
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    • New
      $1,580,000
      158.00 Acres

      158 Acres Vacant Land Opportunity

      158 acres of vacant land with development potential in Perkins.
      S Fairgrounds Rd, Perkins, OK 74059
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    • $51,900
      4.03 Acres

      4.03 Acres in Perkins, OK

      4.03 acres for homesteading, barndominiums, or mobile homes.
      S Mehan Rd, Perkins, OK 74059
      View Details
    • New
      $475,000
      80.00 Acres

      Secluded Hunting Land with Waterfall

      80-acre wooded hunting land with waterfall and utilities.
      E College Ave, Meridian, OK 74059
      View Details
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    333769 Ok-105
    Perkins, OK 74059
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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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