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    51744 State Highway 19 Stratford, OK 74872

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    51744 State Highway 19 Stratford, OK 74872

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    • Investment properties
    • 4,800 SF
    • 2.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 51744 State Highway 19

    Year built
    2018
    Lot size
    2.50 lot acres
    Property size
    4,800 SF
    Property type
    Investment properties

    Description

    This exceptional 4,800 sq ft multi-use property, situated on 2.5 acres with prime Highway 19 frontage just outside Stratford, OK city limits, presents endless possibilities for business owners and investors. The property comprises two parcels (51744 and 51740) and boasts two electric meters and a shared water well, promoting efficient utility management and cost savings. Absence of zoning restrictions allows for both residential and commercial uses. Building 1 (2,400 sq ft), a versatile metal building constructed in 2018, features stained concrete floors, a 600 sq ft covered patio accessible via a glass overhead door and walk-through access, and a privacy-fenced outdoor area. Previously used as a restaurant and event venue, it's currently residential but easily adaptable for multiple offices. Two entry doors facilitate separate business operations. The building includes spray foam insulation and dual zoned central heating/air units. Building 2 (1,200 sq ft) is another metal building with concrete floors, electric, two mini-split HVAC units, an overhead door, built-in shelving, a 300 sq ft front office space with a window unit, a plumbed kitchenette area, and an unfinished bathroom (fixtures included) awaiting septic installation. Building 3 (1,200 sq ft), a third metal building, offers concrete floors, electric, one mini-split unit, a gas wall mount heater, an overhead door, ample built-in shelving, and is secured by a metal privacy fence. High visibility and accessibility from Highway 19 provide ample space for expansion or additional development. This unique property offers flexibility, functionality, and a strategic location, ideal for launching a new business, expanding an existing operation, or securing a valuable commercial real estate investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Stratford
    County
    Garvin
    State
    Oklahoma
    Longitude
    -96.9373
    Latitude
    34.7961

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      2,010 SF

      801 Smith St

      OFFICE BUILDING • 2,010 SF
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      368 SF

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      OFFICE BUILDING • 368 SF
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      3,040 SF

      220 Smith St

      WAREHOUSE, STORAGE • 3,040 SF
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      4,180 SF

      108 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,180 SF
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      990 SF

      132 Main St

      RETAIL STORES (PERSONAL SERVICES) • 990 SF
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    Stratford, OK 74872
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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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