Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Highway 66 Claremore, OK 74015

    Property Lookup

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

    Highway 66 Claremore, OK 74015

    View on Map
    • Land
    • 79.92 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Highway 66

    Lot size
    79.92 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Claremore
    County
    Rogers
    State
    Oklahoma
    Longitude
    -95.7239
    Latitude
    36.2112

    Comparable in this City

    • Value Estimation by Request
      1,074 SF

      1830 Hwy 66 Rte

      Distribution properties • 1,074 SF
      1830 Hwy 66 Rte, Catoosa, OK 74015
      View Details
    • Value Estimation by Request
      10.00 Acres

      145Th East Ave

      Land • 10.00 Acres
      0 145Th East Ave, Tulsa, OK 74015
      View Details
    • Value Estimation by Request
      17.40 Acres

      Cherokee St

      Land • 17.40 Acres
      0 Cherokee St, Catoosa, OK 74015
      View Details
    • Value Estimation by Request
      35,000 SF

      19801 Admiral Pl

      MULTI-TENANT INDUSTRIAL BUILDING • 35,000 SF
      19801 Admiral Pl, Catoosa, OK 74015-3204
      View Details
    • Value Estimation
      $540,000
      37,500 SF

      Catoosa, OK 74015

      MULTI-TENANT INDUSTRIAL BUILDING • 37,500 SF
      Catoosa, OK 74015
      View Details
    • Value Estimation by Request
      10,112 SF

      10707 590th Rd

      WAREHOUSE, STORAGE • 10,112 SF
      10707 590th Rd, Catoosa, OK 74015-6376
      View Details

    Similar Nearby for Sale

    • $499,000
      6.79 Acres

      Catoosa Commercial Land Opportunity

      6.786 acres with I-3 zoning and highway access.
      4585 E 266 Hwy, Catoosa, OK 74015
      View Details
    • $117,000

      Land For Sale Catoosa OK

      Land available in Catoosa, OK.
      18981 Valley View Ln, Catoosa, OK 74015
      View Details
    • $299,900

      Catoosa Land with Large Shed

      14+ acres in Catoosa with 30x40 shed, near Tulsa.
      1790 S 273Rd East Ave, Catoosa, OK 74015
      View Details
    • $585,000
      5,000 SF

      Catoosa Commercial Space For Sale

      Commercial space near Route 66 with versatile layout.
      517 S Cherokee St, Catoosa, OK 74015
      View Details
    • $385,000
      1,324 SF

      Renovated Commercial Property Near Highway 66

      Versatile commercial space suitable for retail, office, or service businesses.
      601 S Cherokee St, Catoosa, OK 74015
      View Details
    • $325,000
      12.72 Acres

      Highway Frontage Land Near Casino

      Strategically located land near Hard Rock Casino and Port.
      Redbud Dr, Catoosa, OK 74015
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,000 SF

      Catoosa Industrial Space Available

      Industrial space with secured yard in Catoosa, Oklahoma.
      21699 E Admiral Pl, Catoosa, OK 74015
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Near Hard Rock

      Retail space available near Hard Rock Casino and Highway 44.
      1883 S Cherokee St, Catoosa, OK 74015
      View Details
    • Contact for pricing

      Catoosa Office Spaces for Lease

      Office spaces in Catoosa with frontage on historic Route 66.
      650 S Cherokee St, Catoosa, OK 74015
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space with High Visibility

      Retail space with frontage on major roads and ample parking.
      750 S Cherokee St, Catoosa, OK 74015
      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.
    Highway 66
    Claremore, OK 74015
    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!