Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1501 Memorial Dr Marietta, OK 73448-1615

    Property Lookup

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

    1501 Memorial Dr Marietta, OK 73448-1615

    View on Map
    • Grocery and convenience stores
    • 3,812 SF
    • 4.57 lot acres
    Off-Market
    Property ID
    US69-1991749
    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

    • Phillips 66 / Gas Station

    Property Details for 1501 Memorial Dr

    Year built
    1970
    Lot size
    4.57 lot acres
    Property size
    3,812 SF
    Property type
    Grocery and convenience stores
    APN
    0000-19-07S-02E-0-009-00
    APU
    00001907S02E000900

    Description

    This exceptional mixed-use commercial property boasts a prime location on I-35 in Marietta, Oklahoma, offering unparalleled visibility and accessibility. The 5.12-acre lot provides ample space for expansion or future development, with convenient access from both I-35 and Highway 42. The property includes a thriving gas station and restaurant, totaling 5,012 square feet of building space. The main convenience store building comprises 2,424 square feet, and all fixtures within the convenience store/restaurant are included in the sale. A three-bedroom, two-bathroom house situated behind the main building offers additional residential potential or staff housing. This property presents a unique opportunity in a growing town within Love County, just 14 miles from the Winstar Casino, the world's largest casino. The property is being sold "as is," providing a blank canvas for an investor to capitalize on its existing income streams and significant growth potential. This is a rare chance to acquire a well-established commercial property with substantial land in a high-traffic area. All existing equipment and fixtures within the convenience store and restaurant are included in the sale price of $3,200,000.

    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
    Marietta
    County
    Love
    State
    Oklahoma
    Longitude
    -97.137
    Latitude
    33.9394
    CBSA code
    11620
    CBSA name
    ARDMORE, 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
    $7,340
    $16,152
    $52,964
    $69,116
    -
    $134,600
    $441,366
    $575,966

    Comparable in this City

    • Value Estimation
      $1,725,000
      26,372 SF

      201 Ce Colston Dr

      GROCERY, SUPERMARKET • 26,372 SF
      201 Ce Colston Dr, Marietta, OK 73448-1201
      View Details
    • Value Estimation by Request
      644 SF

      300 Main St

      CONVENIENCE STORE • 644 SF
      300 Main St, Marietta, OK 73448-2836
      View Details
    • Value Estimation by Request
      400 SF

      Hwy 32

      CONVENIENCE STORE • 400 SF
      Hwy 32, Marietta, OK 73448
      View Details
    • Value Estimation by Request
      2,650 SF

      3321 Mockingbird Rd

      GROCERY, SUPERMARKET • 2,650 SF
      3321 Mockingbird Rd, Marietta, OK 73448-7581
      View Details
    • Value Estimation by Request
      2,108 SF

      1400 Memorial Dr

      CONVENIENCE STORE • 2,108 SF
      1400 Memorial Dr, Marietta, OK 73448
      View Details
    • Value Estimation by Request
      6,351 SF

      1504 Memorial Dr

      CONVENIENCE STORE • 6,351 SF
      1504 Memorial Dr, Marietta, OK 73448-1607
      View Details

    Similar Nearby for Sale

    • $699,900
      8,007 SF

      Marietta Motel Redevelopment Opportunity

      High-traffic motel property with redevelopment potential in Marietta, Oklahoma.
      107 Highway 77 N, Marietta, OK 73448
      View Details
    • $299,900
      2,732 SF

      Turnkey Restaurant Opportunity in Marietta

      Fully equipped restaurant space in a growing tourism area.
      1008 Highway 77 N, Marietta, OK 73448
      View Details
    • Contact for pricing
      3,000 SF

      Turn Key Restaurant Opportunity

      Restaurant opportunity near Lake Murray and Lake Texoma.
      1002 Highway 77 N, Marietta, OK 73448
      View Details
    • $375,000

      Prime Land Along Main Highway

      High-visibility land with convenient access and development potential.
      11920 State Highway 32, Marietta, OK 73448
      View Details
    • $60,000
      0.34 Acres

      Residential Lot in Marietta, OK

      Residential city lot ideal for investors or new construction.
      605 E Cherokee St, Marietta, OK 73448
      View Details
    • $60,000
      0.31 Acres

      Residential Lot in Marietta, OK

      Residential city lot ideal for investors or new construction.
      504 E Cherokee St, Marietta, OK 73448
      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.
    1501 Memorial Dr
    Marietta, OK 73448-1615
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!