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

    1908 Eseco Rd Cushing, OK 74023-5517

    • Strip malls
    • 5,050 SF
    • 18.45 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2021
    Value Estimations
    $685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0913784
    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

    • Industrial Maintenance Contractor / General Contractor

    Property Details for 1908 Eseco Rd

    Year built
    2013
    Lot size
    18.45 lot acres
    Property size
    5,050 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    600007758
    APU
    600007758

    Description

    This exceptional 18.45-acre commercial property in Cushing, Oklahoma, presents a significant investment opportunity. Situated in the heart of Cushing's South Tank Farms, this property boasts substantial existing structures. A large 7,500 square foot heated and insulated red iron/metal building features halogen lighting, a half bath, and loft storage. Additionally, a 5,500 square foot office building offers multiple offices, a conference room, reception area, kitchen, two half baths, and two storage rooms. Further enhancing the property's utility are a 36 x 45 metal barn, several storage containers, and a containment shed with a truck loading dock. The entire property is fully fenced and includes a gravel driveway connecting all buildings. Rural water service is included, along with a sizable pond. The total square footage of the land is 803,682 square feet. The asking price for this turnkey commercial site is $825,000. Showings are by appointment only. This property is located at 1908 E Eseco Road, Cushing, OK 74023.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $566,000
      Market price range: $321k - $567k
      AI Estimate
      $710,000
      Market price range: $341k - $710k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $845,000
      RETAIL STORES
      $785,000
      COMMERCIAL (GENERAL)
      $780,000
      AUTO REPAIR, GARAGE
      $465,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cushing
    County
    Payne
    State
    Oklahoma
    Longitude
    -96.7435
    Latitude
    35.9585
    CBSA code
    44660
    CBSA name
    STILLWATER, 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
    $3,630
    $6,748
    $36,302
    $43,050
    -
    $104,030
    $559,570
    $663,600

    Comparable in this City

    • Value Estimation by Request
      1,920 SF

      2421 Main St

      SHOPPING CENTER, STRIP CENTER • 1,920 SF
      2421 Main St, Cushing, OK 74023-5644
      View Details
    • Value Estimation by Request
      1,764 SF

      603 Brissy St

      SHOPPING CENTER, STRIP CENTER • 1,764 SF
      603 Brissy St, Cushing, OK 74023
      View Details
    • Value Estimation by Request
      2,400 SF

      2215 Greenwood

      SHOPPING CENTER, STRIP CENTER • 2,400 SF
      2215 Greenwood, Cushing, OK 74023
      View Details
    • Value Estimation
      $515,000
      3,600 SF

      1621 Depot Ave

      SHOPPING CENTER, STRIP CENTER • 3,600 SF
      1621 Depot Ave, Cushing, OK 74023
      View Details
    • Value Estimation by Request
      2,400 SF

      2800 Schlegel

      SHOPPING CENTER, STRIP CENTER • 2,400 SF
      2800 Schlegel, Cushing, OK 74023
      View Details
    • Value Estimation by Request
      4,000 SF

      1420 Little Ave

      SHOPPING CENTER, STRIP CENTER • 4,000 SF
      1420 Little Ave, Cushing, OK 74023
      View Details

    Similar Nearby for Sale

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    • $124,900

      Corner Retail Building For Sale

      30x50 building on three lots with expansion potential.
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    • $150,000
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      10.7 acre property with RV sites near Cushing, Oklahoma.
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    • $850,000
      42,736 SF

      Cushing Industrial Property

      Prime 42,736 SF Industrial Building
      624 Eseco Dr, Cushing, OK 74023
      View Details
    • Contact for pricing
      3.00 Acres

      Cushing Land: 3-20 Acre Tracts

      Country Living near Cushing, Oklahoma
      346689 760 Rd, Cushing, OK 74023
      View Details
    • $199,000
      1,127 SF

      9321 Norfolk Rd, Cushing, OK 74023

      Investment properties • 1,127 SF
      9321 Norfolk Rd, Cushing, OK 74023
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,700 SF

      Former Walgreens with Drive Thru

      Freestanding retail building with drive-thru, available for sublease.
      1405 East Main St, Cushing, OK 74023
      View Details
    • $5 SF/Yr
      79,050 SF

      Warehouse Space in Cushing, Oklahoma

      79,050 square foot warehouse space available for lease.
      1200 N Maitlen Dr, Cushing, OK 74023
      View Details
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    1908 Eseco Rd
    Cushing, OK 74023-5517
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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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