Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    99981 State Hwy Vian, OK 74962

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Property profile & analytics

    99981 State Hwy Vian, OK 74962

    View on Map
    • Mixed-use properties
    • 2,704 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 99981 State Hwy

    Year built
    2005
    Property size
    2,704 SF
    Property type
    Mixed-use properties

    Description

    This versatile 2,704 square foot mixed-use property, built in 2005, sits on a spacious 31,498 square foot lot in Vian, Oklahoma. Located on busy State Highway 82, it offers excellent visibility and accessibility. The all-metal construction, including the roof and vinyl windows, ensures durability. Currently configured as a sanctuary, it features commercial carpeting, pews, a pulpit, musical instruments, and ceiling fans. A convenient entry foyer includes two half-bathrooms and an office. A dining room/conference center is adjacent to a full kitchen and a storage room with freezer space. The property benefits from central cooling HVAC and propane wall heaters, providing comfortable year-round climate control. Ample parking is available, surrounded by mature pine trees. The property is being sold with all existing contents. Its location offers potential for a variety of uses, including expansion of an existing church, use as an annex, or even residential conversion. The property is only five miles from Lake Tenkiller, presenting additional opportunities. Available for occupancy November 1st, 2023. The property's address is 99981 State Hwy 82, Vian, OK 74962. This is a unique opportunity to acquire a well-maintained property with significant potential 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
    Vian
    County
    Sequoyah
    State
    Oklahoma
    Longitude
    -94.985
    Latitude
    35.5668

    Comparable in this City

    • Value Estimation by Request
      1,100 SF

      Vian, OK 74962

      STORE/OFFICE (MIXED USE) • 1,100 SF
      Vian, OK 74962
      View Details
    • Value Estimation by Request

      Vian, OK 74962

      VACANT COMMERCIAL LAND
      Vian, OK 74962
      View Details
    • Value Estimation by Request

      Vian, OK 74962

      VACANT COMMERCIAL LAND
      Vian, OK 74962
      View Details
    • Value Estimation by Request

      Vian, OK 74962

      COMMERCIAL (GENERAL)
      Vian, OK 74962
      View Details
    • Value Estimation by Request
      10,000 SF

      Vian, OK 74962

      MANUFACTURING (LIGHT) • 10,000 SF
      Vian, OK 74962
      View Details
    • Value Estimation by Request
      2,678 SF

      Vian, OK 74962

      CONVENIENCE STORE • 2,678 SF
      Vian, OK 74962
      View Details

    Similar Nearby for Sale

    • $299,950
      2,500 SF

      Restaurant Ready in Vian, OK

      2,500 Sq Ft commercial building with restaurant equipment included.
      101 N Thornton St, Vian, OK 74962
      View Details
    • $600,000
      63.00 Acres

      Former Golf Course Development Opportunity

      63-acre development opportunity near Lake Tenkiller.
      2 N 4550 Rd, Vian, OK 74962
      View Details
    • $55,000
      0.61 Acres

      Lake Lot in Parkview Addition

      0.61 acre lake lot with water and electric on site.
      32 E 958 Rd, Vian, OK 74962
      View Details
    • Contact for pricing
      0.31 Acres

      Residential Land in Vian, Oklahoma

      Corner home building site near Lake Tenkiller.
      30 S 4550 Rd, Vian, OK 74962
      View Details
    • Contact for pricing
      0.21 Acres

      Vian, OK Level Building Lot

      Level building lot in East Lake Hills Fairway South.
      2 S 4531 Rd, Vian, OK 74962
      View Details
    • $59,900
      0.55 Acres

      Land Near Lake Tenkiller, OK

      0.54-acre vacant land parcel near Lake Tenkiller in Vian, Oklahoma.
      4507 S 4507 Rd, Vian, OK 74962
      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.
    99981 State Hwy
    Vian, OK 74962
    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
    99981 State Hwy, Vian, OK, 74962
    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!