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    117 Lee St Fort Gibson, OK 74434

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    117 Lee St Fort Gibson, OK 74434

    View on Map
    • Auto shops
    • 2,250 SF
    • 0.08 lot acres
    Off-Market
    Last Sale May 26, 2025
    $185,000
    Property ID
    US69-0305570
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Granny's Porch / Home Decor Store / (Bike/Boat/Book/etc) Store

    Property Details for 117 Lee St

    Year built
    1900
    Lot size
    0.08 lot acres
    Property size
    2,250 SF
    Property type
    Auto shops
    APN
    2040-02-095-003-1-034-06
    APU
    204002095003103406

    Description

    This exceptional commercial property, located at 117 N Lee Street in Fort Gibson, Oklahoma, presents a unique investment opportunity. Situated on a 0.075-acre lot, this special-purpose land offers 2,250 square feet of potential for a variety of commercial ventures. The property boasts brand new infrastructure, including updated plumbing connected directly to the meter, a robust 5-ton HVAC system, and modern electrical components. A fully functional, electric overhead door provides convenient street access from the west side of N Lee Street, directly facing the heart of downtown Fort Gibson. This location benefits from its proximity to the downtown area, offering high visibility and accessibility for businesses seeking a blend of modern amenities and historic charm. The minimalist design aesthetic provides a clean slate for any new business to establish its unique brand identity. The property is zoned for retail use and presents a rare chance to establish a thriving enterprise in a vibrant and growing community. The asking price is $199,999. This is an ideal opportunity for entrepreneurs seeking a turnkey solution in a desirable location. The property's modern infrastructure and prime downtown location combine to create a compelling investment proposition. Don't miss this chance to secure a piece of Fort Gibson's thriving commercial landscape. The zip code is 74434.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Gibson
    County
    Muskogee
    State
    Oklahoma
    Longitude
    -95.2508
    Latitude
    35.7977
    CBSA code
    34780
    CBSA name
    MUSKOGEE, OK MICROPOLITAN STATISTICAL AREA

    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
    $301
    $447
    $3,144
    $3,591
    -
    $4,063
    $28,585
    $32,648

    Comparable in this City

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      7,225 SF

      1200 Lee St

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      $2,170,000
      15,000 SF

      911 Lee St

      AUTO REPAIR, GARAGE • 15,000 SF
      911 Lee St, Fort Gibson, OK 74434-8734
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      1515 Lee St

      AUTO REPAIR, GARAGE • 1,920 SF
      1515 Lee St, Fort Gibson, OK 74434-8451
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      1,680 SF

      601 Poplar St

      AUTO REPAIR, GARAGE • 1,680 SF
      601 Poplar St, Fort Gibson, OK 74434-8730
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      $810,000
      6,000 SF

      410 Hwy 62

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      410 Hwy 62, Fort Gibson, OK 74434
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    • Value Estimation by Request
      1,080 SF

      301 Poplar St

      AUTO REPAIR, GARAGE • 1,080 SF
      301 Poplar St, Fort Gibson, OK 74434-8760
      View Details

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    Fort Gibson, OK 74434
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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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