Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17432 North Dr Fletcher, OK 73541
    Property profile & analytics

    17432 North Dr, Fletcher, OK 73541

    View on Map
    • Specialty properties
    • 3,400 SF
    • 4.18 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Beloved Wedding and Event Venue / Wedding Service

    Property Details for 17432 North Dr

    Year built
    2022
    Lot size
    4.18 lot acres
    Property type
    Specialty properties
    Property subtype
    Churches & religious facilities

    Description

    This exceptional 3,400 square foot commercial property, situated on a spacious 4.18-acre lot in Fletcher, Oklahoma, presents a unique investment opportunity. Built in 2022, this Class A, single-tenancy building boasts a two-story design and is ideally suited for a variety of uses, currently established as a wedding venue and event center. The property features a large reception hall, multiple restrooms (including ADA-compliant facilities), well-equipped kitchens (including a full kitchen in the upstairs suite), bridal and groom suites, ample storage, and a large fenced yard perfect for outdoor events. Additional amenities include digital entry, a metal roof, a gated entry, gravel parking with a concrete sidewalk, and three wells. Utilities include septic, water, and electricity, supported by four HVAC units. The property also benefits from a sprinkler system, irrigation for the front and back yards, and RV hookups. The building's construction primarily utilizes 2x6 framing, ensuring a solid structure. Two storage sheds are also located on the property. This turnkey operation is conveniently located just one hour from Oklahoma City and 30 minutes from Medicine Park, offering significant potential for continued success or adaptation to other special purpose uses. The property is outside city limits, allowing for a wide range of business applications. The asking price is $445,800. APN: 160029457.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fletcher
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.1834
    Latitude
    34.8267

    Comparable in this City

    • Value Estimation by Request
      3,786 SF

      520 Cole Ave

      CREMATORIUM, MORTUARY
      520 Cole Ave, Fletcher, OK 73541-9201
      View Details
    • Value Estimation by Request
      3,640 SF

      410 Cole Ave

      CREMATORIUM, MORTUARY
      410 Cole Ave, Fletcher, OK 73541-9458
      View Details
    • Value Estimation
      $1,870,000
      48,000 SF

      15665 Wolf Rd

      NURSERY, GREENHOUSE, FLORIST
      15665 Wolf Rd, Fletcher, OK 73541
      View Details
    • Value Estimation by Request
      336 SF

      408 Cole Ave

      RETAIL STORES (PERSONAL SERVICES)
      408 Cole Ave, Fletcher, OK 73541-9458
      View Details
    • Value Estimation
      $855,000
      4,112 SF

      24169 State Hwy 49

      CONVENIENCE STORE
      24169 State Hwy 49, Fletcher, OK 73541
      View Details
    • Value Estimation by Request
      1,560 SF

      516 Cole Ave

      RETAIL STORES (PERSONAL SERVICES)
      516 Cole Ave, Fletcher, OK 73541-9201
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,400 SF

      Established Wedding Venue and Event Center

      Specialty commercial property as wedding venue and event center.
      17432 NE North Dr, Fletcher, OK 73541
      View Details
    • Contact for pricing
      714 SF

      Retail/Office Space on US Hwy

      Retail or office space with redevelopment potential on US Hwy.
      104 Us Highway 277, Fletcher, OK 73541
      View Details
    • Contact for pricing
      714 SF

      Fletcher Office Building For Sale

      Office building with frontage and development potential in Fletcher, OK.
      104 Us Highway 277, Fletcher, OK 73541
      View Details
    • $32,000
      1.50 Acres

      Residential Land in Fletcher, OK

      1.5 acre residential land with well and electric available.
      13487 Beechnut Ln, Fletcher, OK 73541
      View Details
    • $34,000
      1.50 Acres

      Fletcher, OK Vacant Land

      1.5 acre vacant land with well; flexible home options.
      13510 Timber Creek Loop, Fletcher, OK 73541
      View Details
    • $34,000
      1.50 Acres

      Fletcher, OK Vacant Land

      1.5 acre lot with well, suitable for various home types.
      13571 Timber Creek Loop, Fletcher, OK 73541
      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.
    17432 North Dr
    Fletcher, OK 73541
    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

    Thank You for Inquiry
    17432 North Dr, Fletcher, OK, 73541
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!