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    Property profile & analytics

    107348 Lotawatah Rd Checotah, OK 74426

    • Retail properties
    • 3,475 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 107348 Lotawatah Rd

    Year built
    1981
    Lot size
    1.00 lot acres
    Property size
    3,475 SF
    Property type
    Retail properties
    Property subtype
    Grocery and convenience stores

    Description

    This 3,475 square foot former convenience store and gas station is situated on a one-acre lot at 107348 Lotawatah Road in Checotah, Oklahoma, directly off I-40 at exit 262. Built in 1981, the single-story building offers high visibility and easy access for customers. Its prime location near Lake Eufaula, a popular tourist destination, presents a unique opportunity for a variety of retail or restaurant uses. The property is zoned C-1 and boasts significant traffic volume due to its proximity to the interstate and the lake. The property is available in as-is condition, with rent abatement or tenant improvement allowances potentially available. The lease terms stipulate that the tenant is responsible for rent, all utilities, and maintenance (excluding roof repairs). This presents a compelling investment opportunity for entrepreneurs seeking to capitalize on the consistent tourism in the area. The McIntosh County property (APN 460007010) offers a chance to establish a thriving business in a high-traffic location. The entire building is currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Checotah
    County
    McIntosh
    State
    Oklahoma
    Longitude
    -95.5935
    Latitude
    35.459

    Comparable in this City

    • Value Estimation by Request
      3,475 SF

      107348 Lotawatah Rd

      Automotive properties • 3,475 SF
      107348 Lotawatah Rd, Checotah, OK 74426
      View Details
    • Value Estimation by Request
      1,770 SF

      909 Broadway St

      SERVICE STATION (FULL SERVICE) • 1,770 SF
      909 Broadway St, Checotah, OK 74426-5230
      View Details
    • Value Estimation by Request
      1,056 SF

      204 Gentry Ave

      SERVICE STATION (FULL SERVICE) • 1,056 SF
      204 Gentry Ave, Checotah, OK 74426-3030
      View Details
    • Value Estimation by Request
      902 SF

      617 Broadway St

      CONVENIENCE STORE • 902 SF
      617 Broadway St, Checotah, OK 74426-4814
      View Details
    • Value Estimation by Request
      2,520 SF

      131 Broadway St

      CONVENIENCE STORE • 2,520 SF
      131 Broadway St, Checotah, OK 74426-2429
      View Details
    • Value Estimation
      $520,000
      4,273 SF

      Checotah, OK 74426

      CONVENIENCE STORE • 4,273 SF
      Checotah, OK 74426
      View Details

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    Checotah, OK 74426
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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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