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

    121 Choctaw Ave El Reno, OK 73036-2648

    • Retail space
    • 6,250 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Jun 25, 2021
    $335,000
    Value Estimations
    $430,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0358015
    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

    • Metro by T-Mobile / Cell Phone Store
    • Cody's Custom Cycles & Performance / Motorcycle Repair Shop

    Property Details for 121 Choctaw Ave

    Year built
    1928
    Lot size
    0.29 lot acres
    Property size
    6,250 SF
    Property type
    Retail space
    APN
    90025111
    APU
    90025111

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $430,000
      ML approach
      $405,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $635,000

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

    Location Insight

    • Map
    • Local Demand
    City
    El Reno
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.9546
    Latitude
    35.5325
    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
    $3,856
    $4,500
    $31,500
    $36,000
    -
    $37,500
    $262,500
    $300,000

    Comparable in this City

    • Value Estimation
      $290,000
      800 SF

      312 Elm St

      RETAIL STORES (PERSONAL SERVICES) • 800 SF
      312 Elm St, El Reno, OK 73036-5206
      View Details
    • Value Estimation
      $245,000
      1,718 SF

      1403 Evans Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,718 SF
      1403 Evans Ave, El Reno, OK 73036
      View Details
    • Value Estimation
      $330,000
      5,500 SF

      209 Bickford Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,500 SF
      209 Bickford Ave, El Reno, OK 73036-2756
      View Details
    • Value Estimation
      $360,000
      5,382 SF

      120 Rock Is Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,382 SF
      120 Rock Is Ave, El Reno, OK 73036-2733
      View Details
    • Value Estimation
      $115,000
      1,709 SF

      1220 Sunset Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,709 SF
      1220 Sunset Dr, El Reno, OK 73036-2345
      View Details
    • Value Estimation
      $345,000
      8,614 SF

      100 Choctaw Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,614 SF
      100 Choctaw Ave, El Reno, OK 73036-2649
      View Details

    Similar Nearby for Sale

    • $650,000
      8,000 SF

      El Reno Industrial Building

      8,000 SF building on 0.55 acres. Sale or lease.
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    • Contact for pricing

      El Reno Restaurant - Prime Location

      Route 66 Restaurant Space, High Traffic Area
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    • $1,019,304
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      El Reno Commercial Land Opportunity

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    • $696,960
      16.00 Acres

      I-40 Commercial Land - El Reno, OK

      16 Acres, Ready for Development, Excellent Visibility
      0 Hwy 66 & Radio Rd, El Reno, OK 73036
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    • $109,000
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      Residential Land in El Reno

      2.02 acre residential lot, ideal for building a home.
      N Gregory Rd, El Reno, OK 73036
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    • $1,500,000
      3,361 SF

      Historic Land Run RV Park

      Farmhouse with RV park near I-40, rebuilt in 2016.
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    Similar Nearby for Lease

    • $6,000 /Mo
      8,040 SF

      Modern Commercial Space in El Reno

      8,000 sq ft commercial property on 2.35 acres in El Reno.
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    • $14 SF/Yr
      1,565 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center.
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    • $7 SF/Yr
      8,000 SF

      El Reno Industrial Building

      Spacious industrial building, sale or lease.
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    • $14 SF/Yr
      4,994 SF

      Park View Building: El Reno Office Space

      Prime El Reno Office, 1,300-3,745 SF Available
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    • Contact for pricing
      1 SF

      Crossroads Pointe: El Reno Retail Land

      Prime I-40 Retail Opportunity: El Reno, OK
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      View Details
    • $36 SF/Yr
      2,164 SF

      Freestanding Quick Service Restaurant Available

      2,164 SF freestanding quick service restaurant on 0.94 acres.
      1805 S Country Club Rd, El Reno, OK 73036
      View Details
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    121 Choctaw Ave
    El Reno, OK 73036-2648
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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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