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    1213 W Cherokee St Wagoner, OK 74467

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    1213 W Cherokee St Wagoner, OK 74467

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    • Individual retail properties
    • 640 SF
    • 0.33 lot acres
    For Sale
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    Commercial Pad Site For Sale For Sale
    Contact for pricing

    Commercial Pad Site For Sale

    Pad site available for ground lease or sale.

    1213 W Cherokee St, Wagoner, OK 74467
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    Property ID
    US69-0083764
    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

    • Archer Cleaners Dry Cleaning & Laundry / (Bike/Boat/Book/etc) Store

    Property Details for 1213 W Cherokee St

    Year built
    2005
    Construction
    FRAME
    Lot size
    0.33 lot acres
    Property size
    640 SF
    Property type
    Individual retail properties
    APN
    010000-329002-000000
    APU
    10000329002000000

    Description

    This exceptional .33-acre pad site presents a remarkable opportunity for quick-service restaurant (QSR) development. Located at the intersection of US-69 and Highway 51 in Wagoner, Oklahoma, this property boasts phenomenal access and visibility, ensuring high traffic counts. The site is zoned C-3 and benefits from all utilities already on-site, simplifying the development process. With a ground lease option available, this property offers flexibility for potential buyers or lessees. The location is surrounded by a thriving retail environment, including major national brands such as Walmart Supercenter, Tractor Supply, Walgreens, QuickTrip, Arby's, Braum's, McDonald's, Sonic, Taco Bell, and Taco Bueno, ensuring a strong customer base. Daily traffic counts exceed 26,200 and 10,700 vehicles, demonstrating significant potential for high sales volume. The property is situated in Wagoner County, Oklahoma, serving a population of over 8,000 residents. This prime location and convenient access make this an ideal site for a successful QSR establishment. The single building lot offers a blank canvas for your vision, allowing for customized construction to meet your specific needs. Don't miss this chance to establish your business in a high-traffic, well-established retail corridor.

    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
    Wagoner
    County
    Wagoner
    State
    Oklahoma
    Longitude
    -95.3933
    Latitude
    35.9594
    CBSA code
    46140
    CBSA name
    TULSA, 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
    $1,797
    $11,275
    $8,182
    $19,457
    -
    $100,674
    $73,057
    $173,731

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      125 Main St

      BARBER, HAIR SALON • 2,000 SF
      125 Main St, Wagoner, OK 74467
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    • Value Estimation by Request
      5,520 SF

      Wagoner, OK 74467

      GYM, HEALTH SPA • 5,520 SF
      Wagoner, OK 74467
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    • Value Estimation by Request
      3,600 SF

      700 Cherokee St

      LAUNDROMAT (SELF-SERVICE) • 3,600 SF
      700 Cherokee St, Wagoner, OK 74467-4614
      View Details
    • Value Estimation by Request
      3,102 SF

      1109 Cherokee St

      BARBER, HAIR SALON • 3,102 SF
      1109 Cherokee St, Wagoner, OK 74467-4621
      View Details
    • Value Estimation by Request
      4,290 SF

      220 Cherokee St

      BARBER, HAIR SALON • 4,290 SF
      220 Cherokee St, Wagoner, OK 74467-4704
      View Details
    • Value Estimation by Request
      4,500 SF

      705 Cherokee St

      DRY CLEANER • 4,500 SF
      705 Cherokee St, Wagoner, OK 74467-4613
      View Details

    Similar Nearby for Sale

    • $1,250,000

      Wagoner Acreage with Commercial Potential

      16.67-acre property with home, shop, and equine facilities near Wagoner.
      75649 Highway 69 S, Wagoner, OK 74467
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    • $1,500,000
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      Wagoner Highway Commercial Property

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      Wagoner Car Wash - Prime Investment

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      Wagoner Commercial Property on Highway

      High-visibility commercial property with highway frontage and established presence.
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      2,622 SF

      Well-Equipped Carwash on Highway Frontage

      Carwash with 6 bays, automatic bay, and vacuums.
      700 W Cherokee St, Wagoner, OK 74467
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      11,600 SF

      Highway 51 Commercial Property

      11,600 SF commercial building on 6 acres.
      26091 State Highway 51, Wagoner, OK 74467
      View Details
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    Wagoner, OK 74467
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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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