Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    122 Independence St Enid, OK 73701-4001
    Back to Search
    Property profile & analytics

    122 Independence St, Enid, OK 73701-4001

    View on Map
    • Retail space
    • 6,095 SF
    • 0.09 lot acres
    Off-Market
    Last Sale Jun 30, 2025
    Property ID
    US69-0813504
    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

    • Native Harvest Dispensary Enid / (Bike/Boat/Book/etc) Store
    • Native Harvest Dispensary / (Bike/Boat/Book/etc) Store

    Property Details for 122 Independence St

    Year built
    1932
    Lot size
    0.09 lot acres
    Property type
    Retail space
    APN
    2040-00-011-003-0-126-00
    APU
    204000011003012600

    Description

    This exceptional Enid, Oklahoma retail property, located at 122-124 N Independence Ave, presents a unique owner/user opportunity. The 7,500 square foot building consists of three separate units, currently with one tenant in place. This prime retail space is situated in a high-traffic area, ensuring maximum visibility and brand exposure. The building's spacious layout offers versatile options for various retail setups. Prominent signage opportunities further enhance the property's appeal. The asking price is $395,000. It's important to note that the square footage of 7,500 does not include the basement or the second story. The second story offers potential for additional uses, such as residential apartment space. The property is a two-story building with three separate structures. This well-maintained building is ideal for an owner-operator seeking a strong presence in a thriving Enid commercial district. The property is located in Garfield County, Oklahoma, with a zip code of 73701. This is a rare opportunity to acquire a substantial retail space in a desirable location.

    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
    Enid
    County
    Garfield
    State
    Oklahoma
    Longitude
    -97.8803
    Latitude
    36.3975
    CBSA code
    21420
    CBSA name
    ENID, 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
    $2,589
    $1,641
    $22,890
    $24,531
    -
    $13,130
    $183,119
    $196,249

    Comparable in this City

    • Value Estimation by Request
      3,650 SF

      116 Independence St

      RETAIL STORES (PERSONAL SERVICES)
      116 Independence St, Enid, OK 73701-4001
      View Details
    • Value Estimation by Request
      3,732 SF

      128 Independence St

      RETAIL STORES (PERSONAL SERVICES)
      128 Independence St, Enid, OK 73701-4001
      View Details
    • Value Estimation by Request
      1,190 SF

      813 Maine Ave

      RETAIL STORES (PERSONAL SERVICES)
      813 Maine Ave, Enid, OK 73701-5415
      View Details
    • Value Estimation by Request
      2,000 SF

      10521 Us Hwy 81

      RETAIL STORES (PERSONAL SERVICES)
      10521 Us Hwy 81, Enid, OK 73701-6939
      View Details
    • Value Estimation by Request
      3,850 SF

      1102 Broadway Ave

      RETAIL STORES (PERSONAL SERVICES)
      1102 Broadway Ave, Enid, OK 73701-4411
      View Details
    • Value Estimation by Request
      6,600 SF

      202 Broadway Ave

      RETAIL STORES (PERSONAL SERVICES)
      202 Broadway Ave, Enid, OK 73701-4120
      View Details

    Similar Nearby for Sale

    • $139,000
      3,077 SF

      Historic Commercial Building in Enid

      Two-story, 3,077 SF commercial building in downtown Enid, Oklahoma.
      216 W Randolph Ave, Enid, OK 73701
      View Details
    • $690,000
      8.22 Acres

      Enid Commercial Land with Buildings

      8.22 acres with shop, storage, home, highway frontage.
      1601 Garriott Rd, Enid, OK 73701
      View Details
    • Contact for pricing
      12,000 SF

      Enid Retail Building For Sale

      Spacious retail building in prime Enid location for sale.
      115-131 W Owen K Garriott Rd, Enid, OK 73701
      View Details
    • $299,000
      3,654 SF

      Commercial Shopping Center in Enid

      Two-unit commercial shopping center totaling 3,654 square feet for sale.
      1909 s Van Buren St, Enid, OK 73701
      View Details
    • $250,000

      Enid Commercial Property with Garage

      Commercial property featuring a fenced yard and four-bay garage.
      113 E Pine Ave, Enid, OK 73701
      View Details
    • $65,000
      0.17 Acres

      Versatile Shop in Enid, OK

      Commercial shop with office space and on-site restrooms for sale.
      1131 E Maine St, Enid, OK 73701
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Historic Building with Retail Spaces

      1927 building with residential and commercial spaces for rent.
      116 E Randolph Ave, Enid, OK 73701
      View Details
    • Contact for pricing
      7,125 SF

      Downtown Restaurant Space Available

      Historic downtown Enid restaurant space for lease.
      221 W Randolph Ave, Enid, OK 73701
      View Details
    • Contact for pricing
      750 SF

      Enid Office Space For Rent

      Office space available for lease in Enid, Oklahoma.
      670 W Willow Rd, Enid, OK 73701
      View Details
    • $2,500 /Mo

      Enid, OK Commercial Buildings

      Metal buildings with insulated interiors and exterior storage for lease.
      302 E Cornell Ave, Enid, OK 73701
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    122 Independence St
    Enid, OK 73701-4001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    122 Independence St, Enid, OK, 73701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!