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    Property profile & analytics

    Criswell Blvd & University Blvd Durant, OK 74701

    • Office Properties & Spaces
    • 1 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 0 Criswell Blvd & University Blvd

    Property size
    1 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This exceptional medical office complex, totaling 1 square foot, sits on an 8.46-acre lot in Bryan County, Oklahoma. Conveniently located off Highway 69/75 on University Drive, this multi-tenant property enjoys a prime location within Durant's thriving retail sector. The complex is anchored by The Heart and Medical Center, benefiting from the synergy of a well-established medical presence. Durant, recently recognized as Oklahoma's fastest-growing rural city, offers a robust economy and attractive landscape. Its proximity to Lake Texoma, a major tourist destination drawing over 8 million visitors annually, further enhances its appeal. The city's diverse attractions, including the Choctaw Casino Resort and historical sites like Fort Washita, contribute to a vibrant and dynamic community. This property presents a unique opportunity to invest in a rapidly expanding market with strong potential for growth and high occupancy rates. The property is zoned for medical office and commercial use, including pharmacy. The 1 square foot building size is likely a data entry error and requires further clarification. The significant lot size offers ample room for expansion or future development. This offering provides a compelling investment opportunity in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Durant
    County
    Bryan
    State
    Oklahoma
    Longitude
    -96.4043
    Latitude
    34.0049

    Comparable in this City

    • Value Estimation by Request
      1,080 SF

      116 21St Ave

      Office space • 1,080 SF
      116 21St Ave, Durant, OK 74701
      View Details
    • Value Estimation by Request
      8,885 SF

      1028 Criswell Blvd

      Medical offices • 8,885 SF
      1028 Criswell Blvd, Durant, OK 74701
      View Details
    • Value Estimation by Request
      8.46 Acres

      Criswell Blvd & University Blvd

      Retirement homes • 59,677 SF
      0 Criswell Blvd & University Blvd, Durant, OK 74701
      View Details
    • Value Estimation
      $380,000
      6,311 SF

      Durant, OK 74701

      MEDICAL BUILDING • 6,311 SF
      Durant, OK 74701
      View Details
    • Value Estimation
      $345,000
      7,888 SF

      1901 University Blvd

      MEDICAL BUILDING • 7,888 SF
      1901 University Blvd, Durant, OK 74701-3076
      View Details
    • Value Estimation
      $345,000
      7,824 SF

      720 Bryan Dr

      MEDICAL BUILDING • 7,824 SF
      720 Bryan Dr, Durant, OK 74701-7032
      View Details

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    Similar Nearby for Lease

    • $20 SF/Yr
      2,416 SF

      Move-in Ready Medical Space Available

      Modern medical space near AllianceHealth Durant, ideal for various practices.
      720 Bryan Dr, Durant, OK 74701
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    • $1,150 /Mo
      1,000 SF

      Former Salon Space For Rent

      Professionally finished space ideal for salon, grooming, or wellness.
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    • $1,200 /Mo
      1,000 SF

      Downtown Retail/Office Space Available

      Retail or office space in historic downtown Durant.
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    • $28 SF/Yr
      2,000 SF

      Retail Space Near Super Walmart

      2,000 SF retail space in high-traffic Durant location.
      410 University Pl, Durant, OK 74701
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    • $3,200 /Mo
      1,904 SF

      Retail Space in High-Traffic Area

      Retail space available in Durant's growing market.
      2832 University Blvd, Durant, OK 74701
      View Details
    • $3,500 /Mo
      675 SF

      Retail Space in High-Traffic Area

      Retail space available in Durant's high-traffic retail corridor.
      2801-2807 University Blvd, Durant, OK 74701
      View Details
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    Criswell Blvd & University Blvd
    Durant, OK 74701
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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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