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    Property profile & analytics

    118 Main St Ada, OK 74820-5602

    • Retail space
    • 3,500 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Last Sale
    Jun 12, 2024
    $300,000
    Location Intelligence
    Property ID
    US69-1531569
    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

    • Hairs the End / Beauty Salon
    • Conquer Bjj / Gym

    Property Details for 118 Main St

    Year built
    1910
    Lot size
    0.08 lot acres
    Property size
    3,500 SF
    Property type
    Retail space
    APN
    0005-00-092-025-0-000-00
    APU
    500092025000000

    Description

    This exceptional mixed-use property, located at 118 W Main Street in Ada, OK, presents a unique investment opportunity. The building encompasses 6,000 square feet on a 0.08-acre lot. The ground floor offers 3,500 square feet of beautifully remodeled retail space, currently operating as a successful venue. This space retains its historic charm, featuring restored tall ceilings with intricate gold leaf embossing. Its prime location on Main Street, adjacent to other businesses and near the McSwain Theater, ensures high visibility and foot traffic. Upstairs, three luxury lofts provide versatile living options. Each unit boasts exposed brick walls, quartz countertops in the kitchens and bathrooms, and energy-efficient windows offering abundant natural light and city views. These apartments are ideal for short-term or long-term rentals, or owner-occupancy. The property's blend of historic character and modern amenities makes it an attractive proposition for both business owners and investors seeking a high-return investment in a vibrant downtown location. The asking price is $625,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $255,000
      6.5%
      $240,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $255,000
      Retail
      $210,000
      Mixed-Use
      $260,000
      Hospitality
      $205,000
      Educational
      $215,000
      Residential Income
      $270,000
      Energy
      $245,000
      Income-Based Land
      $270,000
      Food Service
      $270,000

    Location Insight

    • Map
    • Local Demand
    City
    Ada
    County
    Pontotoc
    State
    Oklahoma
    Longitude
    -96.6777
    Latitude
    34.7748
    CBSA code
    10220
    CBSA name
    ADA, 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
    $672
    $1,655
    $4,861
    $6,516
    -
    $30,000
    $48,272
    $78,272

    Comparable in this City

    • Value Estimation by Request
      1,440 SF

      120 Constant Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      120 Constant Ave, Ada, OK 74820-6504
      View Details
    • Value Estimation by Request
      3,250 SF

      215 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,250 SF
      215 Main St, Ada, OK 74820-5603
      View Details
    • Value Estimation by Request
      2,455 SF

      203 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,455 SF
      203 Main St, Ada, OK 74820-5403
      View Details
    • Value Estimation by Request
      3,250 SF

      804 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,250 SF
      804 Main St, Ada, OK 74820-5616
      View Details
    • Value Estimation by Request
      3,500 SF

      122 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      122 Main St, Ada, OK 74820-5602
      View Details
    • Value Estimation by Request
      3,380 SF

      109 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,380 SF
      109 Main St, Ada, OK 74820-5401
      View Details

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    Similar Nearby for Lease

    • $495,000
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      65,220 SF

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    118 Main St
    Ada, OK 74820-5602
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    Realmo Value Estimation

    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.

    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.

    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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