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    117 S 2Nd St Noble, OK 73068
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    Property profile & analytics

    117 S 2Nd St Noble, OK 73068

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    • Office buildings
    • 954 SF
    • 0.16 lot acres
    For Sale
    $91,500
    View Listing →
    Commercial Office Building in Noble For Sale
    $91,500
    954 SF

    Commercial Office Building in Noble

    954 SF commercial office building in Noble, Oklahoma.

    117 S 2nd Street, Noble, OK 73068
    View Listing
    Property ID
    US69-0493599
    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

    • Pennie's Petals Florist / (Bike/Boat/Book/etc) Store / Florist
    • Four Feathers Investments / Financial Advisor

    Property Details for 117 S 2Nd St

    Year built
    2008
    Construction
    WOOD FRAME
    Lot size
    0.16 lot acres
    Property size
    954 SF
    Zone code
    R1
    Property type
    Office buildings
    APN
    NB40AAAOT 41 12001
    APU
    NB40AAAOT4112001

    Description

    This charming 954-square-foot commercial building, situated on a 0.16-acre lot at 117 S 2nd Street in Noble, Oklahoma, presents a unique investment opportunity. Currently operating as a flower shop, this versatile space offers a cozy and functional layout adaptable to a wide range of businesses. The interior features two convenient half-bathrooms, a kitchenette, a dedicated office area, and a storage room, providing ample space for both operations and storage needs. The property's prime location in the heart of Noble ensures high visibility and convenient parking, crucial for attracting customers and ensuring smooth operations. An appraisal and professional measurement have been completed, confirming the building's size and condition. This property is ideally suited for entrepreneurs seeking a well-established location to launch or expand their business within a thriving community. The existing setup as a flower shop demonstrates the building's suitability for retail, but its adaptable layout makes it suitable for a variety of commercial uses. Don't miss this chance to own a piece of Noble's vibrant commercial landscape. Priced at $91,500, this property offers exceptional value and potential for significant return on investment.

    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
    Noble
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.3956
    Latitude
    35.1384
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN 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
    $1,017
    $1,090
    $7,430
    $8,520
    -
    $14,000
    $95,357
    $109,357

    Comparable in this City

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      $8,170,000
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      1,700 SF

      333 Etowah Rd

      OFFICE BUILDING • 1,700 SF
      333 Etowah Rd, Noble, OK 73068-9564
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    • Value Estimation by Request
      768 SF

      626 Main St

      OFFICE BUILDING • 768 SF
      626 Main St, Noble, OK 73068-9327
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      4,061 SF

      201 Main St

      OFFICE BUILDING • 4,061 SF
      201 Main St, Noble, OK 73068-9623
      View Details
    • Value Estimation
      $575,000
      4,674 SF

      2nd St

      OFFICE BUILDING • 4,674 SF
      2nd St, Noble, OK 73068
      View Details
    • Value Estimation by Request
      2,560 SF

      1001 Parkwoods Dr

      MEDICAL BUILDING • 2,560 SF
      1001 Parkwoods Dr, Noble, OK 73068
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      954 SF

      Commercial Office Building in Noble

      954 SF commercial office building in Noble, Oklahoma.
      117 S 2Nd St, Noble, OK 73068
      View Details
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      24,960 SF

      Industrial Building on 5.59 Acres

      24,960 SF industrial building ideal for distribution, storage, manufacturing.
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    • Contact for pricing
      6,690 SF

      Commercial Storage Facility For Sale

      Commercial storage facility in Noble, Oklahoma, perfect for rental.
      9141 SE 48Th Ave, Noble, OK 73068
      View Details
    • $35,000
      4.80 Acres

      Land For Sale in Noble

      4.8 acres of vacant land in Cleveland County, Oklahoma.
      00 Palomino Way, Noble, OK 73068
      View Details
    • Contact for pricing
      1.25 Acres

      Acreage for Dream Home in Noble

      1.25 acre lots suitable for mobile homes or barndominiums.
      13 West St, Noble, OK 73068
      View Details
    • $122,131
      11.10 Acres

      Acreage with Pond in Noble, OK

      11.103 acres with open space, trees, and pond.
      18750 Oak Rdg Dr, Noble, OK 73068
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Furnished Clinic Space Available

      Fully furnished clinic space for lease.
      408 N Main St, Noble, OK 73068
      View Details
    • $3,800 /Mo
      6,690 SF

      Warehouse Space in Noble, OK

      6,690 SF warehouse on 2.01 acres available for lease.
      9141 SE 48Th Ave, Noble, OK 73068
      View Details
    View Listing
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    Noble, OK 73068
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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.

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