Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1112 Washington Ave Weatherford, OK 73096
    Property profile & analytics

    1112 Washington Ave, Weatherford, OK 73096

    View on Map
    • Lifestyle centers
    • 4,736 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1112 Washington Ave

    Year built
    1980
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional commercial property, located at 1112 N Washington Ave in Weatherford, Oklahoma, presents a lucrative investment opportunity. The 4,736 square foot building, constructed in 1980, sits on a substantial 23,000 square foot lot and is zoned for commercial use. The single-story structure features three units, currently all leased except for one 550 square foot unit available for $750 per month. This prime corner location at Washington and Davis offers excellent visibility and accessibility, making it ideal for established businesses seeking expansion or new ventures looking for a thriving location. The property's convenient parking further enhances its appeal. The property's APN is 0670-001-015-00-0-000-00. This is a rare opportunity to acquire a well-situated, income-generating commercial property in a desirable Oklahoma market. The asking price is $975,000. The property is categorized as Office, Retail, Executive Office, Shopping Center, and Storefront.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Weatherford
    County
    Custer
    State
    Oklahoma
    Longitude
    -98.6942
    Latitude
    35.5368

    Comparable in this City

    • Value Estimation by Request
      5.43 Acres

      140 Frontage Rd

      Lifestyle centers
      140 Frontage Rd, Weatherford, OK 73096
      View Details
    • Value Estimation by Request
      5,104 SF

      1400 Lera Dr

      Churches & religious facilities
      1400 Lera Dr, Weatherford, OK 73096
      View Details
    • Value Estimation by Request
      10,033 SF

      1301 Main St

      Individual retail properties
      1301 Main St, Weatherford, OK 73096
      View Details
    • Value Estimation by Request
      782 SF

      114 Washington St

      SHOPPING CENTER, STRIP CENTER
      114 Washington St, Weatherford, OK 73096-5768
      View Details
    • Value Estimation by Request
      12,600 SF

      310 Washington St

      SHOPPING CENTER, STRIP CENTER
      310 Washington St, Weatherford, OK 73096-5772
      View Details
    • Value Estimation by Request
      1,200 SF

      1401 Main St

      SHOPPING CENTER, STRIP CENTER
      1401 Main St, Weatherford, OK 73096-5706
      View Details

    Similar Nearby for Sale

    • $749,900
      4,132 SF

      In Fine Feather: Weatherford Gem

      Historic building, versatile space, prime location.
      115 Main St, Weatherford, OK 73096
      View Details
    • $749,900
      5,600 SF

      Mixed-Use Property in Weatherford, OK

      Renovated mixed-use property with retail and residential potential.
      115 E Main St, Weatherford, OK 73096
      View Details
    • Contact for pricing
      1,336 SF

      Main Street Commercial Property

      Commercial property with versatile space and high visibility.
      400 W Main St, Weatherford, OK 73096
      View Details
    • Contact for pricing
      4,653 SF

      Office/Retail Building with I-40 Frontage

      Office/retail building with workshop, centrally located with ample parking.
      2301 E Main St, Weatherford, OK 73096
      View Details
    • Contact for pricing
      6,540 SF

      Route 66 Commercial Opportunity

      Two metal buildings on 0.86 acres facing Route 66.
      1521 E Main St, Weatherford, OK 73096
      View Details
    • Contact for pricing
      3,176 SF

      Weatherford Restaurant Building For Sale

      3,024 SF restaurant building with drive-thru, built in 2018.
      601 E Main St, Weatherford, OK 73096
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,972 SF

      Weatherford Retail Space For Lease

      Retail space available with drive-thru potential in Weatherford, OK.
      1301-1307 E Main St, Weatherford, OK 73096
      View Details
    • Contact for pricing
      5,000 SF

      Prime Retail Outlots and Development

      Outlots and future development near Walmart and I-40.
      1349 E Eagle Rd, Weatherford, OK 73096
      View Details
    • Contact for pricing
      2,752 SF

      Drive-Thru Restaurant Sublease Opportunity

      Sublease opportunity with drive-thru in main retail corridor.
      925 E Main St, Weatherford, OK 73096
      View Details
    • Contact for pricing

      Former Restaurant with Drive-Thru

      2,584 SF restaurant space with drive-thru in Weatherford, OK.
      1009 E Main St, Weatherford, OK 73096
      View Details
    • $16 SF/Yr

      High-Visibility Retail Space For Rent

      Retail space with high-visibility frontage along I-40.
      25254 S Frontage Rd, Weatherford, OK 73096
      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.
    1112 Washington Ave
    Weatherford, OK 73096
    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
    1112 Washington Ave, Weatherford, OK, 73096
    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!