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    Property profile & analytics

    2525 Milt Phillips Ave Seminole, OK 74868

    • Neighborhood centers
    • 6,082 SF
    • 0.82 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 2525 Milt Phillips Ave

    Lot size
    0.82 lot acres
    Property size
    6,082 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    Discover a prime retail leasing opportunity at 2525 Milt Phillips Ave in Seminole, OK. This 6,082 square foot strip center boasts a highly visible location and ample parking, making it ideal for various retail or commercial uses. Currently, 4,562 square feet of space is available for lease, offering a versatile layout adaptable to a range of businesses. The property sits on a 0.82-acre lot and provides 40 total parking spaces for customer and employee convenience. The modern design and professional property management ensure a comfortable and efficient operational environment. This property benefits from its strategic location within a thriving commercial area, offering strong community connections and maximum brand exposure due to its high visibility. The ample parking ensures easy access for customers and employees. This is an exceptional opportunity for businesses seeking a prominent presence in a dynamic and growing community. The property's contemporary design and professional management contribute to a positive and productive environment for tenants. This location offers a blend of high visibility, convenient parking, and a supportive management team, creating an attractive proposition for businesses of all sizes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Seminole
    County
    Seminole
    State
    Oklahoma
    Longitude
    -96.6716
    Latitude
    35.2459

    Comparable in this City

    • Value Estimation by Request
      66,884 SF

      1701 Milt Phillips Ave

      Lifestyle centers • 66,884 SF
      1701 Milt Phillips Ave, Seminole, OK 74868
      View Details
    • Value Estimation by Request
      360 SF

      821 2nd St

      NURSERY, GREENHOUSE, FLORIST • 360 SF
      821 2nd St, Seminole, OK 74868-3415
      View Details
    • Value Estimation by Request
      3,648 SF

      11970 Hwy 99

      NURSERY, GREENHOUSE, FLORIST • 3,648 SF
      11970 Hwy 99, Seminole, OK 74868-9411
      View Details
    • Value Estimation
      $1,525,000
      11,480 SF

      Seminole, OK 74868

      DEPARTMENT STORE • 11,480 SF
      Seminole, OK 74868
      View Details
    • Value Estimation by Request
      1,800 SF

      309 8th St

      AUTO REPAIR, GARAGE • 1,800 SF
      309 8th St, Seminole, OK 74868-4105
      View Details
    • Value Estimation by Request
      14,000 SF

      303 Main St

      WHOLESALE OUTLET, DISCOUNT STORE • 14,000 SF
      303 Main St, Seminole, OK 74868-3427
      View Details

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    • $612,000
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      Seminole Retail Building - $612K

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      Adaptable Commercial Building on Strother Avenue

      Versatile commercial building with high traffic exposure and redevelopment potential.
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    • $239,500
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      Seminole Restaurant with Drive-Thru

      Restaurant with drive-thru, dining area, and ample parking.
      520 W Broadway Ave, Seminole, OK 74868
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      Seminole Main Street Investment

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      High-Traffic Seminole Commercial Space

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    Seminole, OK 74868
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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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