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

    11258 Highway 51 Hulbert, OK 74441

    • Retail properties
    • 1,500 SF
    • 10.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1463578
    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

    • Retail properties

    Property Details for 11258 Highway 51

    Year built
    1990
    Lot size
    10.00 lot acres
    Property size
    1,500 SF
    Property type
    Retail properties

    Description

    This exceptional 10-acre property presents a unique investment opportunity in Hulbert, Oklahoma, ideally situated between Tahlequah and Hulbert. The core offering is a 1,500 square foot retail space, perfect for a variety of business ventures. Its versatility allows for diverse uses, catering to entrepreneurs seeking a flexible and adaptable workspace. Adding to its appeal are two substantial metal buildings, each measuring 30x50 and 30x40 feet respectively. These structures offer ample storage or manufacturing space, significantly expanding the property's potential. Further enhancing this comprehensive package is a newer, 1920 square foot house constructed in 2019, providing comfortable living quarters or additional office space. A 30x30 foot barn completes the outdoor structures, offering further storage or potential for expansion. Security features include a safe room and a cellar, adding to the property's overall value and peace of mind. The property's expansive acreage provides ample room for future development or expansion of existing structures. This turnkey business opportunity combines retail space, extensive storage, residential accommodations, and significant land, making it an attractive investment for discerning buyers. The asking price for this remarkable property is $650,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hulbert
    County
    Cherokee
    State
    Oklahoma
    Longitude
    -95.09586
    Latitude
    35.91705

    Comparable in this City

    • $165,000
      15.00 Acres

      15-Acre Oklahoma Farmland

      Secluded 15-acre farm, ready for development.
      14143 668 Rd, Hulbert, OK 74441
      View Details
    • $339,000
      110.00 Acres

      Hulbert OK Hunting Land

      110 acres of hunting land near Hulbert, Oklahoma.
      14311 E 668 Rd, Hulbert, OK 74441
      View Details
    • $199,900
      9,725 SF

      Hulbert Mixed-Use Commercial Property

      Four buildings, prime Hulbert location. High-growth potential.
      110 Main St, Hulbert, OK 74441
      View Details
    • $588,000
      160.00 Acres

      Hulbert, OK - 160 Acre Land

      160 acres of unrestricted land perfect for hunting and recreation.
      8465 W 660 Rd, Hulbert, OK 74441
      View Details
    • $59,900
      5.00 Acres

      Hulbert, OK: 5 Acre Land

      5 acres of wooded land near Highway 82 in Hulbert.
      8030 N Shiloh Rd, Hulbert, OK 74441
      View Details
    • $475,000
      Pending

      Hulbert, OK Pasture Land

      100+/- acre pasture with pond, creek, and highway frontage.
      10411 Highway 51, Hulbert, OK 74441
      View Details

    Similar Nearby for Sale

    • $165,000
      15.00 Acres

      15-Acre Oklahoma Farmland

      Secluded 15-acre farm, ready for development.
      14143 668 Rd, Hulbert, OK 74441
      View Details
    • $339,000
      110.00 Acres

      Hulbert OK Hunting Land

      110 acres of hunting land near Hulbert, Oklahoma.
      14311 E 668 Rd, Hulbert, OK 74441
      View Details
    • $588,000
      160.00 Acres

      Hulbert, OK - 160 Acre Land

      160 acres of unrestricted land perfect for hunting and recreation.
      8465 W 660 Rd, Hulbert, OK 74441
      View Details
    • $59,900
      5.00 Acres

      Hulbert, OK: 5 Acre Land

      5 acres of wooded land near Highway 82 in Hulbert.
      8030 N Shiloh Rd, Hulbert, OK 74441
      View Details
    • $199,900
      9,725 SF

      Hulbert Mixed-Use Commercial Property

      Four buildings, prime Hulbert location. High-growth potential.
      110 Main St, Hulbert, OK 74441
      View Details
    • $475,000
      Pending

      Hulbert, OK Pasture Land

      100+/- acre pasture with pond, creek, and highway frontage.
      10411 Highway 51, Hulbert, OK 74441
      View Details
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    11258 Highway 51
    Hulbert, OK 74441
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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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