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    Property profile & analytics

    221 Main St Tishomingo, OK 73460

    • Bed & breakfasts
    • 4,800 SF
    For Sale
    View listing
    $1,650,000
    Value Estimation
    Last Sale
    Aug 25, 2022
    $959,000
    Location Intelligence
    Property ID
    US69-2092027
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mulberry Bar & Lounge / Wine Bar
    • Mulberry Inn / Inn
    • Clary Insurance / Insurance Agency

    Property Details for 221 Main St

    Property size
    4,800 SF
    Property type
    Bed & breakfasts
    APN
    1001-00-098-004-0-003-00
    APU
    100100098004000300

    Description

    This iconic 8,000 sq ft commercial property, situated on a 0.16-acre lot in downtown Tishomingo, OK, is a remarkable investment opportunity. Originally built in the early 1900s, the Mulberry Inn and Lounge boasts a rich history, having hosted renowned musicians and artists, including contributions from Chickasaw Natives. The property features a full lounge and bar with ample seating and entertainment options, enhanced by tech-enabled services. Seven uniquely designed guest rooms cater to diverse preferences, complemented by both private and public bathrooms. Upstairs, a charming bar area, two large living rooms, a dining hall, and a fully equipped kitchen provide additional space. A 400 sq ft balcony offers stunning downtown views, perfect for gatherings. A welcoming lobby, coffee bar, and office space enhance functionality. The building includes a sprinkler system, sound system, and security system for added safety and peace of mind. This property presents a unique blend of historic charm and modern amenities, ideal for continuing its legacy or creating a new chapter. Priced at $1,650,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $965,000

    • CAP approach

      CAP return
      Estimation
      6%
      $905,000
      6.5%
      $860,000
      7%
      $880,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $970,000
      Geo Method
      $1,055,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,030,000
      Retail
      $935,000
      Mixed-Use
      $970,000
      Hospitality
      $950,000
      Educational
      $805,000
      Residential Income
      $765,000
      Energy
      $855,000
      Income-Based Land
      $780,000
      Food Service
      $840,000

    Location Insight

    • Map
    • Local Demand
    City
    Tishomingo
    County
    Johnston
    State
    Oklahoma
    Longitude
    -96.6789
    Latitude
    34.236

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,400
    $8,017
    $107,063
    $115,080
    -
    $66,810
    $892,190
    $959,000

    Comparable in this City

    • Value Estimation
      $380,000
      2,000 SF

      213 Main St

      BED & BREAKFAST • 2,000 SF
      213 Main St, Tishomingo, OK 73460-1726
      View Details
    • Value Estimation by Request
      2.64 Acres

      1305 Main St

      Land • 2.64 Acres
      1305 Main St, Tishomingo, OK 73460
      View Details
    • Value Estimation by Request
      0.20 Acres

      Tishomingo, OK 73460

      VACANT COMMERCIAL LAND • 0.20 Acres
      Tishomingo, OK 73460
      View Details
    • Value Estimation by Request
      0.45 Acres

      Tishomingo, OK 73460

      VACANT COMMERCIAL LAND • 0.45 Acres
      Tishomingo, OK 73460
      View Details
    • Value Estimation by Request
      16.08 Acres

      Tishomingo, OK 73460

      VACANT COMMERCIAL LAND • 16.08 Acres
      Tishomingo, OK 73460
      View Details
    • Value Estimation by Request
      0.26 Acres

      712 Main St

      VACANT COMMERCIAL LAND • 0.26 Acres
      712 Main St, Tishomingo, OK 73460-1733
      View Details

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    221 Main St
    Tishomingo, OK 73460
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    Realmo Value Estimation

    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.

    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.

    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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