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    202 E Main Street Calumet, OK 73014
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    202 E Main Street Calumet, OK 73014

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    • Residential land & home lots
    For Sale
    $349,900
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    2,041 square feet of open concept living space For Sale
    $349,900
    2,041 SF

    2,041 square feet of open concept living space

    Expansive 2,041 square feet of open concept living space

    202 E Main Street, Calumet, OK 73014
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 202 E Main Street

    Year built
    2024
    Property type
    Residential land & home lots
    Property subtype
    Residential income homes

    Description

    Say hello to this stunning new build that perfectly blends modern design with small-town charm. As you step inside this beautifully crafted property, you're greeted by an expansive 2,041 square feet of open concept living space, thoughtfully designed to exceed your expectations in comfort and style. Built in 2024, this single-story home offers four spacious bedrooms and two spacious bathrooms, making it an ideal choice for families or those looking to entertain. The heart of the home is the sleek and modern kitchen, where you'll find black custom cabinetry and premium black stainless steel appliances that perfectly complement the polished gray countertops. A large kitchen island serves as the centerpiece, allowing for easy meal preparation and casual dining experiences. The open layout ensures a seamless flow from the kitchen to the living area, where bright and airy ambiance is created by tall windows that invite natural light and provide views of the fenced backyard. For those who appreciate the finer details, the bathrooms do not disappoint. They feature modern finishes with black granite countertops and matte black fixtures that add a touch of sophistication and style. The primary bedrooms features an ensuite bathroom offering a relaxing retreat featuring a generously sized bathtub, alongside a double vanity and walk in shower. Just outside, the backyard promises privacy and serenity with its complete wooden fence enclosure. Whether enjoying a morning coffee or hosting a weekend barbecue, the outdoor space enhances the overall living experience this property offers. The location of this home is as appealing as the interior, situated in the quaint rural community of Calumet. Practical and convenient, it is within walking distance to the local public school and offers easy access to Interstate 40 and historic Route 66, making daily commutes or weekend getaways more convenient. Don't wait! Schedule your private tour today!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Calumet
    County
    State
    Oklahoma
    Longitude
    -98.1223
    Latitude
    35.601

    Comparable in this City

    • Value Estimation by Request

      1,834 square feet beautifully constructed modern home

      1,834 square feet beautifully constructed modern home in the serene community of Calumet
      208 E Main Street, Calumet, OK 73014
      View Details
    • Value Estimation by Request
      4.31 Acres

      Calumet, OK 73014

      VACANT COMMERCIAL LAND • 1,376 SF
      Calumet, OK 73014
      View Details
    • Value Estimation by Request
      5.00 Acres

      Calumet, OK 73014

      VACANT COMMERCIAL LAND • 2,738 SF
      Calumet, OK 73014
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    • Value Estimation by Request
      6.42 Acres

      Calumet, OK 73014

      VACANT COMMERCIAL LAND • 6.42 Acres
      Calumet, OK 73014
      View Details
    • Value Estimation
      $830,000
      1.65 Acres

      Calumet, OK 73014

      VACANT COMMERCIAL LAND • 7,105 SF
      Calumet, OK 73014
      View Details
    • Value Estimation by Request
      1.12 Acres

      Calumet, OK 73014

      VACANT COMMERCIAL LAND • 2,348 SF
      Calumet, OK 73014
      View Details
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    202 E Main Street
    Calumet, OK 73014
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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.

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    202 E Main Street, Calumet, OK, 73014
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