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    15550 Us-70 Lone Grove, OK 73443

    • Mixed-use properties
    • 1,380 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 15550 Us-70

    Year built
    14
    Property size
    1,380 SF
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use commercial property, situated at 15550 US-70 in Lone Grove, Oklahoma, presents a compelling investment opportunity. Boasting 1,380 square feet, this building is strategically located on Highway 70, a route with high daily traffic volume. Its prime position directly across from a UPS distribution center ensures significant visibility and accessibility. Built in 14 AD, the property offers a unique blend of historical character and modern commercial potential. The asking price is $275,000. The property's location in Carter County, Oklahoma, zip code 73443 (latitude 34.1475346, longitude -97.2976617), provides easy access to major transportation routes and a thriving local community. This presents a rare chance to acquire a well-positioned commercial space with substantial growth potential. The property's age and location combine to create a unique investment opportunity in a high-traffic area. Further details regarding the property's specific zoning and permitted uses are available upon request. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lone Grove
    County
    Carter
    State
    Oklahoma
    Longitude
    -97.2977
    Latitude
    34.1475

    Comparable in this City

    • Value Estimation by Request
      1,680 SF

      18173 Us Highway 70

      Mixed-use properties • 1,680 SF
      18173 Us Highway 70, Lone Grove, OK 73443
      View Details
    • Value Estimation
      $285,000
      3,300 SF

      16662 Us Hwy 70

      STORE/OFFICE (MIXED USE) • 3,300 SF
      16662 Us Hwy 70, Lone Grove, OK 73443-9707
      View Details
    • Value Estimation by Request
      0.04 Acres

      Newport Rd

      VACANT COMMERCIAL LAND • 0.04 Acres
      Newport Rd, Lone Grove, OK 73443
      View Details
    • Value Estimation
      $290,000
      3.11 Acres

      267 Tanner Cir

      COMMERCIAL (GENERAL) • 3.11 Acres
      267 Tanner Cir, Lone Grove, OK 73443
      View Details
    • Value Estimation by Request
      4.94 Acres

      Lone Grove, OK 73443

      VACANT COMMERCIAL LAND • 4.94 Acres
      Lone Grove, OK 73443
      View Details
    • Value Estimation by Request
      4.94 Acres

      Lone Grove, OK 73443

      VACANT COMMERCIAL LAND • 4.94 Acres
      Lone Grove, OK 73443
      View Details

    Similar Nearby for Sale

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    15550 Us-70
    Lone Grove, OK 73443
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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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