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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    109980 Hwy 150 Checotah, OK 74426-5592

    • Warehouses
    • 4,200 SF
    • 1.53 lot acres
    OFF-MARKET
    Last Sale
    Jun 03, 2022
    $260,000
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1553116
    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

    • Warehouses

    Property Details for 109980 Hwy 150

    Year built
    2005
    Lot size
    1.53 lot acres
    Property size
    4,200 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    0000-17-11N-16E-4-007-01
    APU
    00001711N16E400701

    Description

    This exceptional mixed-use property in Checotah, Oklahoma, presents a lucrative investment opportunity. Located on Highway 150, near Lake Eufaula State Park and I-40, this property boasts a fully equipped convenience store ready for immediate operation. The store includes a kitchen with various appliances such as ice machines, a snow cone machine, a pizza oven, a soda fountain, and a deli meat slicer, ensuring diverse revenue streams. A two-bedroom apartment, complete with new flooring and a vanity, provides additional income potential or owner occupancy. The property has recently undergone significant improvements, including a new roof, updated electrical system, and enhanced lighting, minimizing future maintenance costs. Adding to the income potential is a 28-unit storage building featuring operational doors and concrete floors, providing a stable and reliable income stream. A substantial 30x60 shop offers ample space for expansion, allowing for the addition of new businesses or the expansion of existing ones. The property sits on a 1.53-acre lot, providing ample space for parking and future development. With a total square footage of 2,240, this property offers a unique blend of commercial and residential uses, making it an ideal investment for entrepreneurs seeking a turnkey operation with significant upside. The asking price is $299,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $260,000
      ML approach
      $230,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $300,000
      Current use
      AUTO REPAIR, GARAGE
      $410,000
      Change: +37% Conversion: Easy
      RETAIL STORES
      $325,000
      Change: +8% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Checotah
    County
    Mcintosh
    State
    Oklahoma
    Longitude
    -95.6285
    Latitude
    35.4207

    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
    $2,450
    $4,208
    $24,596
    $28,804
    -
    $38,250
    $223,596
    $261,846

    Comparable in this City

    • Value Estimation
      $265,000
      1,920 SF

      Checotah, OK 74426

      MINI-WAREHOUSE, STORAGE • 1,920 SF
      Checotah, OK 74426
      View Details
    • Value Estimation
      $305,000
      1,400 SF

      Checotah, OK 74426

      MINI-WAREHOUSE, STORAGE • 1,400 SF
      Checotah, OK 74426
      View Details
    • Value Estimation
      $320,000
      9,000 SF

      108060 4173rd Rd

      MINI-WAREHOUSE, STORAGE • 9,000 SF
      108060 4173rd Rd, Checotah, OK 74426-2539
      View Details
    • Value Estimation
      $340,000
      9,900 SF

      114182 4179th Rd

      MINI-WAREHOUSE, STORAGE • 9,900 SF
      114182 4179th Rd, Checotah, OK 74426
      View Details
    • Value Estimation
      $255,000
      2,500 SF

      425736 Hwy 266

      MINI-WAREHOUSE, STORAGE • 2,500 SF
      425736 Hwy 266, Checotah, OK 74426-5361
      View Details
    • Value Estimation
      $345,000
      12,000 SF

      419778 Hwy 266

      MINI-WAREHOUSE, STORAGE • 12,000 SF
      419778 Hwy 266, Checotah, OK 74426
      View Details

    Similar Nearby for Sale

    • New
      $1,350,000
      8,860 SF

      Highway 69 Frontage Opportunity

      Commercial property on Highway 69 with office, retail, and warehouse space.
      2238 N Broadway St, Checotah, OK 74426
      View Details
    • $99,500
      15.15 Acres

      Acreage Near Lake Eufaula

      15-acre property near Lake Eufaula, perfect for recreation or residential.
      6 E 4180 Rd, Checotah, OK 74426
      View Details
    • $42,500
      0.89 Acres

      Residential Lot in Checotah, OK

      Three residential lots near Lake Eufaula, utilities available.
      514 Creek Ave W, Checotah, OK 74426
      View Details
    • $79,900
      720 SF

      Downtown Checotah Commercial Property

      Charming commercial property in downtown Checotah, ideal for retail/office.
      139 S Broadway St, Checotah, OK 74426
      View Details
    • $72,000
      0.93 Acres

      Lake View Gem on Hilltop

      Residential land with lake view near Checotah and Eufaula, OK.
      4187 4187 Rd, Checotah, OK 74426
      View Details
    • $550,000
      4,200 SF

      Historic Checotah Restaurant - For Sale

      Established eatery, prime location, high traffic.
      123 Broadway St, Checotah, OK 74426
      View Details
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    109980 Hwy 150
    Checotah, OK 74426-5592
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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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