Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1909 Muskogee Ave Tahlequah, OK 74464

    • Strip malls
    • 20,550 SF
    • 2.05 lot acres
    For Lease
    View listing
    Last Sale
    Dec 13, 2023
    $3,225,000
    Value Estimations
    $3,255,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1676302
    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

    • Petsense by Tractor Supply / Pet Store / Pet Supply Store
    • Little Caesars Pizza / Fast Food Restaurant / Pizza Delivery
    • Wild Turtle Nutrition / Health Food Store
    • Redbox / Dvd Store / Movie Rental Store
    • AT&T - Internet Service Provider / Internet Service Provider

    Property Details for 1909 Muskogee Ave

    Year built
    2008
    Lot size
    2.05 lot acres
    Property size
    20,550 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    3362-04-16N-22E-0-002-00
    APU
    33620416N22E000200

    Description

    This exceptional retail property, located at 1909 South Muskogee Avenue in Tahlequah, Oklahoma, 74464, offers a prime leasing opportunity. The property is a strip center totaling 20,523 square feet, with multiple tenancies available. Currently, there are 3,627 square feet of vacant space, divisible into units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 5,196 square feet. The property enjoys high visibility from South Muskogee Avenue and provides ample parking for tenants and customers. Its convenient location offers easy access to major highways, ensuring high traffic flow and accessibility for patrons. The property also boasts excellent signage opportunities, allowing businesses to maximize their brand visibility. This makes it an ideal location for a variety of retail, dining, or service-oriented businesses seeking a high-traffic, easily accessible location with strong visibility and ample parking. The property's flexible space options cater to businesses of various sizes, offering a customizable solution to meet individual needs. Don't miss this chance to secure a prominent location in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,495,000
      ML approach
      $3,315,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,840,000
      OFFICE BUILDING
      $3,260,000
      RESTAURANT
      $2,700,000
      RETAIL STORES
      $2,445,000
      AUTO REPAIR, GARAGE
      $2,250,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tahlequah
    County
    Cherokee
    State
    Oklahoma
    Longitude
    -94.9759
    Latitude
    35.8918
    CBSA code
    45140
    CBSA name
    TAHLEQUAH, 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
    $20,514
    $83,313
    $135,157
    $218,470
    -
    $757,394
    $1,228,701
    $1,986,095

    Comparable in this City

    • Value Estimation
      $740,000
      21,800 SF

      409 Daisy Dr

      SHOPPING CENTER, STRIP CENTER • 21,800 SF
      409 Daisy Dr, Tahlequah, OK 74464-7410
      View Details
    • Value Estimation by Request
      7,360 SF

      215 Muskogee Ave

      SHOPPING CENTER, STRIP CENTER • 7,360 SF
      215 Muskogee Ave, Tahlequah, OK 74464-3658
      View Details
    • Value Estimation by Request
      5,760 SF

      1753 Muskogee Ave

      SHOPPING CENTER, STRIP CENTER • 5,760 SF
      1753 Muskogee Ave, Tahlequah, OK 74464-5432
      View Details
    • Value Estimation by Request
      2,970 SF

      104 4th St

      SHOPPING CENTER, STRIP CENTER • 2,970 SF
      104 4th St, Tahlequah, OK 74464-5321
      View Details
    • Value Estimation
      $1,735,000
      92,032 SF

      1741 Muskogee Ave

      SHOPPING CENTER, STRIP CENTER • 92,032 SF
      1741 Muskogee Ave, Tahlequah, OK 74464-5548
      View Details
    • Value Estimation by Request
      12,220 SF

      119 Reasor St

      SHOPPING CENTER, STRIP CENTER • 12,220 SF
      119 Reasor St, Tahlequah, OK 74464-5728
      View Details

    Similar Nearby for Sale

    • $668,000
      4,875 SF

      Downtown Tahlequah Mixed-Use Building

      Vibrant mixed-use property with retail and luxury apartments.
      415 N Muskogee Ave, Tahlequah, OK 74464
      View Details
    • $1,450,000
      7.00 Acres

      Versatile Venue on Seven Acres

      Remodeled commercial venue near Illinois River with endless possibilities.
      1390 N Legion Dr, Tahlequah, OK 74464
      View Details
    • $515,000
      2,616 SF

      Restaurant Building on High-Traffic Road

      Restaurant building on a high-traffic road in a thriving community.
      1310 S Muskogee Ave, Tahlequah, OK 74464
      View Details
    • $299,900
      2,400 SF

      Updated Steel Building, Central Location

      Turnkey auto service opportunity in a prime central location.
      2113 Mahaney Ave, Tahlequah, OK 74464
      View Details
    • $950,000
      13,824 SF

      Tahlequah Retail Center - Huge Potential

      17 Acres, Two Buildings, High Visibility
      23591 Highway 51, Tahlequah, OK 74464
      View Details
    • $5,061,358

      NNN Retail Property For Sale

      NNN retail property with long-term lease and strong sales history.
      1905 S Muskogee Ave, Tahlequah, OK 74464
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,523 SF

      Tahlequah Retail Space Available

      High-visibility retail space, multiple units.
      1909 Muskogee Ave, Tahlequah, OK 74464
      View Details
    • Contact for pricing
      6,808 SF

      1294 Downing St

      Neighborhood centers • 6,808 SF
      1294 Downing St, Tahlequah, OK 74464
      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.
    1909 Muskogee Ave
    Tahlequah, OK 74464
    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.