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

    211 Bdwy Konawa, OK 74849

    • Commercial real estate
    • 3,024 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 211 Bdwy

    Year built
    1940
    Lot size
    0.16 lot acres
    Property size
    3,024 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property at 211 N Bdwy Unit 211, Konawa, OK presents a remarkable investment opportunity. The property encompasses a substantial 3,024 square foot building situated on a 0.16-acre lot. This expansive space offers significant income potential, further enhanced by an adjacent vacant lot of equal size. The vacant lot presents a multitude of possibilities, including the construction of an additional storefront or utilization as an outdoor dining area, perfectly complementing the existing building. Recent upgrades totaling $28,000 have significantly improved the property's infrastructure. These upgrades include the installation of two 200-amp breaker panels, a complete drop ceiling framework, ceiling panels, and lighting fixtures. The building's substantial size and versatile layout provide ample space for a variety of commercial uses. The property's location in downtown Konawa, coupled with ongoing city revitalization initiatives, positions this investment for strong future growth. This is a rare chance to acquire a significant piece of Konawa's commercial landscape, offering immediate income potential and long-term appreciation prospects. The property is priced at $27,500. Don't miss this chance to own a piece of Konawa's future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Konawa
    County
    Seminole
    State
    Oklahoma
    Longitude
    -96.7524
    Latitude
    34.9591

    Comparable in this City

    • Value Estimation
      $70,000
      1,232 SF

      35444 Ew 1410

      COMMERCIAL (GENERAL) • 1,232 SF
      35444 Ew 1410, Konawa, OK 74849-5505
      View Details
    • Value Estimation
      $400,000
      2,400 SF

      35002 Ew 1430

      COMMERCIAL (GENERAL) • 2,400 SF
      35002 Ew 1430, Konawa, OK 74849-6029
      View Details
    • Value Estimation by Request

      Konawa, OK 74849

      VACANT COMMERCIAL LAND
      Konawa, OK 74849
      View Details
    • Value Estimation by Request
      0.16 Acres

      211 Bdwy St

      VACANT COMMERCIAL LAND • 0.16 Acres
      211 Bdwy St, Konawa, OK 74849
      View Details
    • Value Estimation by Request
      0.07 Acres

      108 Division St

      VACANT COMMERCIAL LAND • 0.07 Acres
      108 Division St, Konawa, OK 74849-2204
      View Details
    • Value Estimation
      $220,000
      2,600 SF

      Konawa, OK 74849

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,600 SF
      Konawa, OK 74849
      View Details

    Similar Nearby for Sale

    • $125,000
      Pending

      Konawa, OK Acreage For Sale

      32 acres of land, ideal for hayfield or dream home.
      1390 Rd Rd, Konawa, OK 74849
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    • $126,000
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      Cleared Land with Serene Pond

      34-acre property ideal for farming or rural retreat.
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    • $507,500
      145.00 Acres

      Versatile Land Near North Canadian

      145 acres near the North Canadian River, ideal for recreation.
      1440 1440, Konawa, OK 74849
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    211 Bdwy
    Konawa, OK 74849
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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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