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

    1516 Lynn Riggs Blvd Claremore, OK 74017

    • Strip malls
    • 7,043 SF
    • 0.75 lot acres
    For Sale
    View listing
    $1,450,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0730640
    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

    • Groups: recover together / Medical Clinic
    • Sacred mountain / Physician
    • Certified Source / Employment Agency
    • Summit Physical Therapy / Medical Clinic

    Property Details for 1516 Lynn Riggs Blvd

    Year built
    1980
    Lot size
    0.75 lot acres
    Property size
    7,043 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    3255
    APU
    3255

    Description

    Legion Center, located at 300 Legion Ave in Annapolis, MD, presents a unique leasing opportunity. This Class C property, built in 1974, offers 21,375 square feet of versatile space, currently configured as a single suite with 3,926 square feet vacant. The property is categorized as Retail, Office, and Industrial, specifically offering Executive Office and Flex space options. Its flexible floor plans allow for diverse usage, catering to a variety of business needs. Each unit includes a convenient drive-in loading bay, enhancing operational efficiency. The building boasts ample parking with 120 spaces available. Its strategic location provides excellent access to major roadways, including Route 50 and I-97, ensuring easy commutes for employees and efficient transportation of goods. The property's proximity to downtown Annapolis offers a desirable location for businesses seeking a blend of accessibility and a vibrant urban environment. This Annapolis warehouse space is ideal for businesses looking to establish or expand their presence in a thriving market. The available space presents a chance to customize a layout perfectly suited to your operational requirements. Don't miss this opportunity to secure a well-located and adaptable space in Annapolis.

    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
    Claremore
    County
    Rogers
    State
    Oklahoma
    Longitude
    -95.6082
    Latitude
    36.3238
    CBSA code
    46140
    CBSA name
    TULSA, 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
    $2,748
    $6,577
    $23,427
    $30,004
    -
    $59,788
    $212,969
    $272,757

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      2231 Hwy 88

      SHOPPING CENTER, STRIP CENTER • 4,000 SF
      2231 Hwy 88, Claremore, OK 74017-2200
      View Details
    • Value Estimation by Request
      6,000 SF

      500 Lynn Riggs Blvd

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      500 Lynn Riggs Blvd, Claremore, OK 74017-7814
      View Details
    • Value Estimation by Request
      12,480 SF

      3075 Medical Pkwy

      SHOPPING CENTER, STRIP CENTER • 12,480 SF
      3075 Medical Pkwy, Claremore, OK 74017-1177
      View Details
    • Value Estimation by Request
      6,888 SF

      1503 Lynn Riggs Blvd

      SHOPPING CENTER, STRIP CENTER • 6,888 SF
      1503 Lynn Riggs Blvd, Claremore, OK 74017-6893
      View Details
    • Value Estimation
      $2,025,000
      106,657 SF

      1029 Will Rogers Blvd

      SHOPPING CENTER, STRIP CENTER • 106,657 SF
      1029 Will Rogers Blvd, Claremore, OK 74017-5418
      View Details
    • Value Estimation by Request
      10,380 SF

      123 Blue Starr Dr

      SHOPPING CENTER, STRIP CENTER • 10,380 SF
      123 Blue Starr Dr, Claremore, OK 74017-4226
      View Details

    Similar Nearby for Sale

    • $1,450,000
      7,200 SF

      Legion Center: Annapolis Warehouse Space

      Annapolis warehouse, flexible layouts, prime location.
      1516 Lynn Riggs Blvd, Claremore, OK 74017
      View Details
    • $299,000
      1,127 SF

      Retail/Office Space on Highway 66

      Retail or commercial office space in high-traffic area.
      317 S Lynn Riggs Blvd, Claremore, OK 74017
      View Details
    • $1,175,000
      13,968 SF

      Versatile Industrial Property on Highway 66

      Industrial building with retail space, shop, and residential home.
      6700 Ok-66 Hwy, Claremore, OK 74017
      View Details
    • Contact for pricing
      600 SF

      Downtown Claremore Retail Opportunity

      Retail space in downtown Claremore, ready for your business.
      104 S Cherokee Ave, Claremore, OK 74017
      View Details
    • $1,100,000
      10.76 Acres

      Claremore Commercial Land - 10.76 Acres

      Prime Route 66 location, ideal for commercial/industrial development.
      747 Moretz Ave, Claremore, OK 74017
      View Details
    • $115,000
      0.50 Acres

      Commercial Land on Highway 20

      Corner lot zoned Commercial High with dual street frontage.
      401 E Patti Page Blvd, Claremore, OK 74017
      View Details
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    1516 Lynn Riggs Blvd
    Claremore, OK 74017
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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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