Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    812 Oklahoma Ave Okeene, OK 73763

    Property Lookup

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

    812 Oklahoma Ave Okeene, OK 73763

    View on Map
    • Office properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 812 Oklahoma Ave

    Property type
    Office properties & Spaces

    Description

    Prime investment opportunity in Okeene, Oklahoma, this established grocery and convenience store, known for its broasted chicken, boasts over 20 years of successful operation. Located on Highway 51, the property includes a 2,045+/- square foot building situated on 1.65+/- lots. Features include two fuel pumps, two dining areas, a large kitchen equipped with deep fryers, ventilation hood, freezers, coolers, stainless steel sinks, stoves, preparation tables, and ample shelving. Additional amenities include a walk-in cooler, restroom, large office area, front counter, and plentiful parking. The building itself is constructed of brick with a metal roof and features warmed and cooled air. The legal description is: The West 32 1/2 feet of Lot Five (5) and all of Lot Six (6) in Block One (1) in West Side Addition to Okeene, Blaine County, Oklahoma. Surface and surface rights only. Estimated 2024 taxes are $1,304.69, prorated at closing. Possession will be given upon full payment and title transfer. This turnkey operation presents a unique chance to own a well-established business with significant potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Okeene
    County
    40011
    State
    Oklahoma
    Longitude
    -98.3274
    Latitude
    36.1163

    Comparable in this City

    • Value Estimation by Request
      720 SF

      Okeene, OK 73763

      OFFICE BUILDING • 720 SF
      Okeene, OK 73763
      View Details
    • Value Estimation by Request
      1,050 SF

      302 Main St

      OFFICE BUILDING • 1,050 SF
      302 Main St, Okeene, OK 73763-9401
      View Details
    • Value Estimation by Request
      408 SF

      Oklahoma Ave

      OFFICE BUILDING • 408 SF
      Oklahoma Ave, Okeene, OK 73763
      View Details
    • Value Estimation by Request
      1,250 SF

      113 Main St

      OFFICE BUILDING • 1,250 SF
      113 Main St, Okeene, OK 73763
      View Details
    • Value Estimation
      $600,000
      6,322 SF

      316 Oklahoma

      OFFICE BUILDING • 6,322 SF
      316 Oklahoma, Okeene, OK 73763
      View Details
    • Value Estimation by Request
      3,200 SF

      214 Main St

      OFFICE BUILDING • 3,200 SF
      214 Main St, Okeene, OK 73763
      View Details

    Similar Nearby for Sale

    • $704,000
      320.00 Acres

      320 Acres of Blaine County Land

      320 acres in two tracts near Okeene, Oklahoma.
      E0640 Rd & N2580 Rd, Okeene, OK 73763
      View Details
    • $439,000
      200.00 Acres

      Productive 200-Acre Blaine County Farm

      200-acre farm/ranch property with tillable ground and pasture.
      1 N 2560 Rd, Okeene, OK 73763
      View Details
    • $200,000
      14,200 SF

      Okeene Commercial Property with Highway Frontage

      Commercial property in Okeene with multiple buildings and highway frontage.
      902 W Oklahoma, Okeene, OK 73763
      View Details
    • $35,000

      Okeene Car Wash Opportunity

      Car wash property for sale in Okeene, Oklahoma.
      102 Oak St, Okeene, OK 73763
      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.
    812 Oklahoma Ave
    Okeene, OK 73763
    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!