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    Property profile & analytics

    14321 23rd St Choctaw, OK 73020-8624

    • Medical Office Space
    • 3,565 SF
    • 0.81 lot acres
    OFF-MARKET
    Value Estimations
    $535,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-2155211
    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

    • HealthCARE Express Urgent Care - Choctaw, OK / Medical Clinic
    • GERARDO LOPEZ MEJIA / Pediatrician / Physician
    • BILLY JOE BUFFINGTON / Physician
    • JOHN JOSIAH HARRISON / Physician
    • CAYLON W. HAGGARD / Physician

    Property Details for 14321 23rd St

    Year built
    2016
    Construction
    WOOD FRAME
    Lot size
    0.81 lot acres
    Property size
    3,565 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    21-458-1020
    APU
    214581020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $615,000
      6.5%
      $570,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $454,000
      Market price range: $179k - $494k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $590,000
      Current use
      AUTO REPAIR, GARAGE
      $560,000
      Change: -4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $510,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Choctaw
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.2773
    Latitude
    35.4937
    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
    $9,323
    $15,474
    $63,492
    $78,966
    -
    $140,676
    $577,203
    $717,879

    Comparable in this City

    • Value Estimation by Request
      2,616 SF

      2408 Main St

      MEDICAL BUILDING • 2,616 SF
      2408 Main St, Choctaw, OK 73020-6666
      View Details
    • Value Estimation
      $1,385,000
      10,164 SF

      12311 44th St

      MEDICAL BUILDING • 10,164 SF
      12311 44th St, Choctaw, OK 73020-6143
      View Details
    • Value Estimation
      $775,000
      4,942 SF

      2401 Henney Rd

      MEDICAL BUILDING • 4,942 SF
      2401 Henney Rd, Choctaw, OK 73020-8751
      View Details
    • Value Estimation by Request
      2.00 Acres

      15679 23rd St

      MEDICAL BUILDING • 2.00 Acres
      15679 23rd St, Choctaw, OK 73020-8592
      View Details
    • Value Estimation by Request
      9.79 Acres

      36th St

      MEDICAL BUILDING • 9.79 Acres
      36th St, Choctaw, OK 73020
      View Details
    • Value Estimation by Request
      2,119 SF

      14975 Byp St

      MEDICAL BUILDING • 2,119 SF
      14975 Byp St, Choctaw, OK 73020-8504
      View Details

    Similar Nearby for Sale

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      Versatile Office Building in Choctaw

      Professional office building suitable for various service-based businesses.
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      Choctaw Office Building For Sale

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      Choctaw Office Building - Great Location

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      Office Building on NE 23rd Street

      Office building with multiple configurations and convenient location in Choctaw, OK.
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    • Contact for pricing

      2.89-Acre Commercial Property in Choctaw

      2.89-acre commercial property zoned for light industrial use.
      0000 Industrial Blvd, Choctaw, OK 73020
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    Similar Nearby for Lease

    • $2,250 /Mo
      3,500 SF

      Choctaw Office Space For Rent

      Office space with high visibility and ample parking available for rent.
      17311 NE 23Rd St, Choctaw, OK 73020
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    • $9 SF/Yr
      16,450 SF

      Community Park Shopping Center

      Choctaw, OK retail space available
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    • $3,500 /Mo
      2,942 SF

      Former Bank with Drive-Thru

      Commercial space suitable for bank, office, or retail use.
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    • 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
    • Contact for pricing
      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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    14321 23rd St
    Choctaw, OK 73020-8624
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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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