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

    805 24Th St Moore, OK 73160

    • Commercial real estate
    For Sale
    View listing
    $499,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 805 24Th St

    Year built
    1972
    Property type
    Commercial real estate

    Description

    This exceptional commercial property located at 805 NW 24th Street, Moore, OK, presents a unique investment opportunity. The recently remodeled 3,800 square foot building is zoned for retail use and features a convenient industrial overlay, expanding potential uses. Significant improvements include a brand new roof, two 5-ton HVAC units, completely updated plumbing and electrical systems, and a renovated bathroom. Fresh paint throughout completes the modern aesthetic. The building sits on approximately 0.5215 acres of land. An adjacent parcel of approximately 2.1371 acres is also available under a separate listing (MLS 1073778). All utilities are available at the site. The property is offered at $499,000. The owners are highly motivated and will consider all offers. Additionally, the property is available for lease at a rate of $12.00 per square foot per year on a double net lease. This presents a rare chance to acquire a turnkey commercial space in a desirable location with significant upside potential. Don't miss this opportunity!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Moore
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.5051
    Latitude
    35.3615

    Comparable in this City

    • Value Estimation by Request
      0.93 Acres

      3501 Broadway Ave

      Land • 0.93 Acres
      3501 Broadway Ave, Moore, OK 73160
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    • Value Estimation by Request
      20.95 Acres

      2651 Telephone Rd

      COMMERCIAL (GENERAL) • 20.95 Acres
      2651 Telephone Rd, Moore, OK 73160-2940
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    • Value Estimation by Request
      26,939 SF

      2105- Riverwalk Dr

      Retail properties • 26,939 SF
      2105- Riverwalk Dr, Moore, OK 73160
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    • Value Estimation by Request
      145,000 SF

      2600 Moore Ave

      Distribution properties • 145,000 SF
      2600 Moore Ave, Moore, OK 73160
      View Details
    • Value Estimation
      $6,260,000
      32,113 SF

      1811 Moore Ave

      COMMERCIAL (GENERAL) • 32,113 SF
      1811 Moore Ave, Moore, OK 73160-3668
      View Details
    • Value Estimation
      $1,580,000
      8,040 SF

      3425 Lakeside Dr

      COMMERCIAL (GENERAL) • 8,040 SF
      3425 Lakeside Dr, Oklahoma City, OK 73160-2726
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      40.20 Acres

      40.2 AC Oklahoma City MSA Opportunity I-35 HWY Frontage

      Land • 40.20 Acres
      800 34Th Ter, Moore, OK 73160
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    • Contact for pricing
      69.00 Acres

      69-Acre I-35 Commercial Land

      Prime OKC Metro development opportunity.
      2900 I-35 Service Rd, Moore, OK 73160
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    • $1,000,000
      2.00 Acres

      Prime Commercial Land in Moore, OK

      2-Acre C-3 Zoned Lot - $1M
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    • $385,000
      0.93 Acres

      Prime Moore Commercial Land

      0.93-acre lot, high traffic area.
      3501 Broadway Ave, Moore, OK 73160
      View Details
    • $697,851
      3.04 Acres

      Moore Commercial Land Development

      Prime 3-acre site, high ROI potential.
      805 Eastern Ave, Moore, OK 73160
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    • $80,000
      1.00 Acre

      Prime Moore Commercial Lot

      Vacant C-5 lot, 1 acre, $80,000
      712 Vermeer Dr, Moore, OK 73160
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    Similar Nearby for Lease

    • $11 SF/Yr
      21,200 SF

      New Construction Flex/Industrial Space

      New construction flex/industrial space with office, excellent I-35 access.
      2500 N Shields Blvd, Moore, OK 73160
      View Details
    • $12 SF/Yr
      10,500 SF

      Freezer/Cooler Warehouse with Yard

      10,500 SF freezer/cooler warehouse on 2.28 acres for lease.
      9720 Pole Rd, Moore, OK 73160
      View Details
    • $25 SF/Yr
      5,060 SF

      Retail Space Near Major Retailers

      Retail space available near Costco, Walmart, and Home Depot.
      2712-2800 S Telephone Rd, Moore, OK 73160
      View Details
    • $1,950,000
      18,600 SF

      Industrial Flex Space Available

      Single-tenant industrial property with flexible space and on-site parking.
      9620 Pole Rd, Moore, OK 73160
      View Details
    • $24 SF/Yr
      1,624 SF

      Retail Space in Moore, OK

      Retail space with dispensary finish-out in Moore, Oklahoma.
      2090 Service Rd, Moore, OK 73160
      View Details
    • $9 SF/Yr
      4,550 SF

      Industrial Space with Drive-Through Doors

      Industrial space featuring drive-through doors and ample power.
      1642 NW 1St St, Oklahoma City, OK 73160
      View Details
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    805 24Th St
    Moore, OK 73160
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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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