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

    13311 23Rd St Choctaw, OK 73020

    • Commercial real estate
    • 4.28 lot acres
    For Sale
    View listing
    $375,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0585449
    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

    • Commercial real estate

    Property Details for 13311 23Rd St

    Lot size
    4.28 lot acres
    Property type
    Commercial real estate
    APN
    R194715130 & R194714625

    Description

    This exceptional 4.28-acre commercial land parcel presents a unique investment opportunity in the thriving Choctaw, Oklahoma community. Located at 13311 NE 23rd St, zip code 73020, this property is zoned for General Commercial use, offering unparalleled flexibility for a wide range of business ventures. The expansive lot size allows for the development of various commercial projects, including but not limited to flex industrial spaces, shopping centers, office complexes, or restaurants. Its strategic location along NE 23rd Street ensures high visibility and accessibility, maximizing potential for business growth and success. The property's APN numbers are R194715130 & R194714625. This is a remarkable chance to establish a thriving business in a dynamic and growing area. The asking price for this prime commercial land is $375,000. Oklahoma County provides a supportive environment for businesses, making this an attractive investment prospect. Don't miss this chance to acquire a substantial piece of commercial real estate in a desirable location. The property's size and zoning regulations provide a blank canvas for your entrepreneurial vision.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Choctaw
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.294678
    Latitude
    35.494085

    Comparable in this City

    • $950,000

      Residential Lots in Asheville Neighborhood

      23 residential lots in Choctaw Schools district for sale.
      5617 Asheville Way, Choctaw, OK 73020
      View Details
    • $700,000

      Land Redevelopment Opportunity

      Land with frontage, FF&E included, redevelopment potential.
      15920 SE 29Th St, Choctaw, OK 73020
      View Details
    • $840,000

      60 Acres Wooded Land Choctaw

      60 acres of wooded land near Choctaw, Oklahoma.
      SE 44Th St, Choctaw, OK 73020
      View Details
    • New
      $84,900
      5.24 Acres

      Residential Land in Choctaw, OK

      5+ acre residential lot near I-40 and TAFB.
      S Triple X Rd, Choctaw, OK 73020
      View Details
    • $239,000
      4.00 Acres

      Land For Sale, Choctaw, OK

      4-acre land parcel available in Choctaw, Oklahoma.
      13400 SE 29Th St, Choctaw, OK 73020
      View Details
    • $600,000
      6.20 Acres

      Prime Corner Lot in Choctaw

      6 acre commercial land with high traffic and income potential.
      12101 SE 29Th St, Choctaw, OK 73020
      View Details

    Similar Nearby for Sale

    • $950,000

      Residential Lots in Asheville Neighborhood

      23 residential lots in Choctaw Schools district for sale.
      5617 Asheville Way, Choctaw, OK 73020
      View Details
    • $700,000

      Land Redevelopment Opportunity

      Land with frontage, FF&E included, redevelopment potential.
      15920 SE 29Th St, Choctaw, OK 73020
      View Details
    • $840,000

      60 Acres Wooded Land Choctaw

      60 acres of wooded land near Choctaw, Oklahoma.
      SE 44Th St, Choctaw, OK 73020
      View Details
    • New
      $84,900
      5.24 Acres

      Residential Land in Choctaw, OK

      5+ acre residential lot near I-40 and TAFB.
      S Triple X Rd, Choctaw, OK 73020
      View Details
    • $239,000
      4.00 Acres

      Land For Sale, Choctaw, OK

      4-acre land parcel available in Choctaw, Oklahoma.
      13400 SE 29Th St, Choctaw, OK 73020
      View Details
    • $600,000
      6.20 Acres

      Prime Corner Lot in Choctaw

      6 acre commercial land with high traffic and income potential.
      12101 SE 29Th St, Choctaw, OK 73020
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      16,450 SF

      Community Park Shopping Center

      Choctaw, OK retail space available
      12260 23Rd St, Choctaw, OK 73020
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Choctaw

      Retail spaces available for lease in Choctaw, Oklahoma.
      14449 NE 23Rd St, Choctaw, OK 73020
      View Details
    • $15 SF/Yr
      4,784 SF

      Former Sports Bar For Lease

      4,784 SF restaurant/bar space on 1.05 acres for lease.
      14530 NE 20Th St, Choctaw, OK 73020
      View Details
    • New
      $2,200 /Mo
      3,500 SF

      Choctaw Office Space For Rent

      Office space on a highly traveled corridor with great exposure.
      17311 NE 23Rd St, Choctaw, OK 73020
      View Details
    • $8 SF/Yr
      5,386 SF

      Retail Space in Choctaw, OK

      Retail spaces available for lease in Choctaw, Oklahoma.
      14407-14453 NE 23Rd St, Choctaw, OK 73020
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space in Choctaw

      Retail property with bay sizes from 1,000 to 5,386 SF.
      14469 NE 23Rd St, Choctaw, OK 73020
      View Details
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    Choctaw, OK 73020
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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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