Property profile

1012 W 3Rd St Elk City, OK 73644

FOR SALE
Retail space
Property ID
US69-0871293
2,574 SF 0.18 ac lot Built 1970
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property at 1012 W 3rd Street in Elk City, Beckham County, Oklahoma is a commercial building located on historic Route 66 (Will Rogers Highway/Main Street of America) and totals approximately 3,724 square feet, including 2,574 square feet of living space and an added 1,150-square-foot shop/garage constructed in 2015. The interior layout includes a full kitchen, two bathrooms, an upstairs area, and a dirt basement. The shop/garage includes a variety of work and storage spaces suitable for supporting retail or service-oriented operations. The property is configured to support multiple business uses, including retail or specialty shops, food service with potential for counter or drive-through operations, and hospitality uses such as short-term stays, subject to applicable approvals. Included or separately negotiable items referenced for operational use include commercial kitchen equipment (coolers, freezers, ovens, and metal tables) as well as office and logistics tools (computer, printer, and a delivery van), along with related inventory; the building itself is offered as the real property component.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Total area 2,574 SF
Lot 0.18 ac (8,000 SF)
Zoning code R1
APN 0170-00-034-008-0-002-00
UPID US69-0871293

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Florist

Location

1012 W 3Rd St Elk City, OK 73644
Elk City metro Census 966100 ELK CITY, OK MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2018
2 recorded transactions
2018
$357,500
2017
$300,000

Zoning & alternative use

R1 · Elk City, OK

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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