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Property profile & analytics
OFF-MARKET
Warehouses
1200 Hickory Dr Wellston, OK 74881-4800
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US69-1509494
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
200 SF
Lot
50.23 ac (2,188,019 SF)
Zoning code
CR
APN
7505-00-000-000-3-014-00
UPID
US69-1509494
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Paul Whitnah · 9 yrs held
Paul Whitnah
since 2016
4 recorded transactions
Zoning & alternative use
CR · Wellston, OK
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wellston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$6,289
Tax year 2022
Assessed value
$77,109
Assessed 2022
Previous assessed
$76,193
+1.2% YoY
Effective rate
8.16%
On assessed value
Assessed land
$1,187
Assessed improvement
$75,922
Land market value
$12,937
Improvement market value
$690,193
Total market value
$703,130
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
7
Bathrooms
5
Total area
200 SF
Lot
50.23 ac (2,188,019 SF)
Zoning code
CR
APN
7505-00-000-000-3-014-00
UPID
US69-1509494
Jurisdiction
LINCOLN
Zoning & alternative use
CR · Wellston, OKZoning CR · permitted uses
CR · Wellston, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Wellston Code of Ordinances
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
7
Bathrooms
5
Lot
50.23 ac
Current owner
From public records · entity-resolved
Paul Whitnah
Individual
Mailing address
PO BOX 464, WELLSTON, OK 74881-0464
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2021
—
Paul E Whitnah
—
Deed
related
$440,200 · 1st Capital Mortgage LLC
Jan 12, 2017
—
Paul E Whitnah
—
Deed
related
$348,047 · First Bank & Trust Co
Oct 11, 2016
$60,000
Paul Whitnah
Dale Lee JR
Warranty Deed
$62,479 · First Bank & Trust Co
Jul 17, 2006
$50,000
Paul E Whitnah
Richard Patrick
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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