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

    116 Robert S Kerr Blvd Wynnewood, OK 73098

    • Medical offices
    • 8,513 SF
    • 0.64 lot acres
    For Sale
    View listing
    $280,000
    Last Sale
    Sep 30, 2024
    $100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1327822
    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

    • Medical offices

    Property Details for 116 Robert S Kerr Blvd

    Year built
    1950
    Lot size
    0.64 lot acres
    Property size
    8,513 SF
    Zone code
    C1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    0145-00-207-001-0-000-00
    APU
    14500207001000000

    Description

    This exceptional 8,756 square foot office building, situated on a 0.64-acre lot at 116 E Robert S Kerr Boulevard in Wynnewood, Oklahoma, presents a unique investment opportunity. The property's versatile layout is perfectly suited for a variety of commercial enterprises. The building is divided into two distinct sections, each offering ample space. The south side comprises a welcoming reception/administration area, thirteen individual medical offices, and three bathrooms. This area is well-suited for a business requiring client interaction and multiple private offices. The north side mirrors this functionality, boasting fifteen medical offices and three bathrooms, providing even greater capacity for a larger operation or multiple tenants. The property's design incorporates spacious waiting areas, catering to the needs of clients and staff. Furthermore, the building benefits from two substantial parking lots, ensuring convenient parking for everyone. Its strategic location in Wynnewood makes it particularly well-suited for a government services center or any business requiring significant office space and convenient client access. The asking price for this remarkable property is $280,000. This represents a compelling opportunity to acquire a substantial and versatile commercial property in a desirable location.

    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
    Wynnewood
    County
    Garvin
    State
    Oklahoma
    Longitude
    -97.1695
    Latitude
    34.6433

    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
    $2,312
    $3,270
    $23,652
    $26,922
    -
    $67,200
    $726,108
    $793,308

    Comparable in this City

    • Value Estimation by Request
      1,975 SF

      101 Jameson Dr

      MEDICAL BUILDING • 1,975 SF
      101 Jameson Dr, Wynnewood, OK 73098-9561
      View Details
    • Value Estimation by Request
      3,248 SF

      202 Washita Ave

      MEDICAL BUILDING • 3,248 SF
      202 Washita Ave, Wynnewood, OK 73098-7820
      View Details
    • Value Estimation by Request
      1,830 SF

      212 Dean A Mcgee Ave

      MEDICAL BUILDING • 1,830 SF
      212 Dean A Mcgee Ave, Wynnewood, OK 73098-7810
      View Details
    • Value Estimation by Request
      0.68 Acres

      116 Kerr Blvd

      Medical offices • 0.68 Acres
      116 Kerr Blvd, Wynnewood, OK 73098
      View Details
    • Value Estimation
      $1,200,000
      18,933 SF

      810 California St

      HOMES (RETIRED, NURSING) • 18,933 SF
      810 California St, Wynnewood, OK 73098-3207
      View Details
    • Value Estimation by Request
      378 SF

      107 Dean A Mcgee Ave

      OFFICE BUILDING • 378 SF
      107 Dean A Mcgee Ave, Wynnewood, OK 73098-7608
      View Details

    Similar Nearby for Sale

    • $280,000
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      Wynnewood Office Building - Bank Owned

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    • $280,000
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      Wynnewood Office Building - Great Potential

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    • $195,000
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    • $224,900
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      Iconic Wynnewood Retail Opportunity

      4,500 sq ft building on Wynnewood's main strip.
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    • $45,000
      5.00 Acres

      Versatile Land Near I-35

      5+/- acre property near I-35, ideal for custom home.
      0003 Scruggs Rd, Wynnewood, OK 73098
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    • $65,000
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      Residential Land in Wynnewood, OK

      3.26-acre residential tract outside Wynnewood city limits.
      1630 E County Rd, Wynnewood, OK 73098
      View Details
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    116 Robert S Kerr Blvd
    Wynnewood, OK 73098
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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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