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Property profile & analytics
OFF-MARKET
Individual retail properties
123 Grand Ave Frederick, OK 73542-5433
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US69-2131450
Property summary
AI-generated overview
This exceptional retail storefront, located at 123 E Grand Ave, Frederick, OK 73542, presents a unique investment opportunity. The 2,500 square foot building sits on a 0.06-acre lot and is zoned for commercial use. Built in 1920 and renovated in 1954, this property boasts a newly installed (2021) flat roof with a 10-year labor and 20-year materials warranty. The building has served as a successful dry cleaning business for many years, benefiting from a loyal customer base and a convenient drive-through access from major roads. It's the only full-service dry cleaner in Frederick and Tillman County, with the nearest competitors over 30 miles away. Included in the sale are a fully automated dry-cleaning machine (less than two years old), a boiler, hot water heater, compressor, washer, dryer, shirt and pant press machines, and clothing turnstiles. The property is currently vacant and being sold as-is
Property profile
Verified
Property type
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Year built
1920
Total area
3,054 SF
Lot
0.06 ac (2,500 SF)
APN
1005-00-024-013-0-000-00
UPID
US69-2131450
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
Current use
Occupant on record · Public records
-
Kayabooks | Accounting & Bookkeeping Service Accounting Firm Tax Preparation
-
Frederick One Hour Cleaners (Bike/Boat/Book/etc) Store
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
Frederick Masonic Lodge · 10 yrs held
Frederick Masonic Lodge
since 2016
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Frederick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Frederick 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 2023Property tax & assessments
Tax year 2023
Tax billed
$503
Tax year 2023
Assessed value
$5,348
Assessed 2023
Previous assessed
$5,154
+3.8% YoY
Effective rate
9.41%
On assessed value
Assessed land
$221
Assessed improvement
$5,127
Land market value
$1,845
Improvement market value
$42,723
Total market value
$44,568
Applied tax rate
201.0000
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
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Status
Off-Market
Year built
1920
Heating
SPACE
Cooling
NONE
Stories
1
Total area
3,054 SF
Lot
0.06 ac (2,500 SF)
APN
1005-00-024-013-0-000-00
UPID
US69-2131450
Jurisdiction
TILLMAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1920
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Frederick Masonic Lodge
Individual
Mailing address
PO BOX 225, FREDERICK, OK 73542-0225
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2016
$5,000
Frederick Masonic Lodge
Joaquin T Puente
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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