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

    1923 Main St Woodward, OK 73801

    • Individual retail properties
    • 2,380 SF
    • 0.26 lot acres
    For Sale
    View listing
    $300,000
    Last Sale
    Feb 27, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1315403
    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

    • Thunder City Signs / Sign Shop

    Property Details for 1923 Main St

    Year built
    1947
    Lot size
    0.26 lot acres
    Property size
    2,380 SF
    Property type
    Individual retail properties
    APN
    0001-00-067-005-0-000-00
    APU
    100067005000000

    Description

    This exceptional commercial property, situated at 1923 Main Street in Woodward, Oklahoma, presents a unique investment opportunity. Boasting a highly desirable location in the heart of Woodward's bustling business district, this property offers unparalleled visibility and accessibility. The main building comprises approximately 3500 square feet of versatile space, ideal for showroom, office, or retail use. Its strategic placement ensures high foot traffic and proximity to major national chains such as Sonic, Harbor Freight, O'Reilly Auto Parts, Edward Jones, and Ace Hardware, maximizing exposure and attracting a diverse clientele. Adding to its functionality is a substantial rear addition: a 3000 square foot red-iron fabricated shop featuring three bays equipped with insulated garage doors. This expansive workshop area provides ample space for various business needs, from storage and manufacturing to repair and maintenance operations. The property's commercially zoned status allows for a wide range of potential uses, making it an attractive option for both established businesses seeking expansion and entrepreneurs looking to launch their ventures. The combination of prime location, substantial square footage, and versatile space makes this property a truly exceptional offering. Don't miss the chance to own a piece of Woodward's thriving commercial landscape. The asking price is $300,000.

    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
    Woodward
    County
    Woodward
    State
    Oklahoma
    Longitude
    -99.4046
    Latitude
    36.4356
    CBSA code
    49260
    CBSA name
    WOODWARD, 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
    $1,363
    $1,856
    $13,082
    $14,938
    -
    $16,875
    $118,927
    $135,802

    Comparable in this City

    • Value Estimation by Request
      2,800 SF

      1906 Main St

      BARBER, HAIR SALON • 2,800 SF
      1906 Main St, Woodward, OK 73801-2943
      View Details
    • Value Estimation by Request
      5,002 SF

      107 Main St

      LAUNDROMAT (SELF-SERVICE) • 5,002 SF
      107 Main St, Woodward, OK 73801-3622
      View Details
    • Value Estimation by Request
      5,000 SF

      1723 Main St

      LAUNDROMAT (SELF-SERVICE) • 5,000 SF
      1723 Main St, Woodward, OK 73801-2938
      View Details
    • Value Estimation by Request
      3,400 SF

      2401 Hilltop Dr

      GYM, HEALTH SPA • 3,400 SF
      2401 Hilltop Dr, Woodward, OK 73801-1010
      View Details
    • Value Estimation by Request
      1,480 SF

      409 Main St

      BARBER, HAIR SALON • 1,480 SF
      409 Main St, Woodward, OK 73801-3349
      View Details
    • Value Estimation by Request
      7,128 SF

      502 Texas St

      BARBER, HAIR SALON • 7,128 SF
      502 Texas St, Woodward, OK 73801-3336
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Commercial Building in Woodward, OK

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      101 Main St, Woodward, OK 73801
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      Downtown Woodward Commercial Opportunity

      Commercial space in the heart of Woodward's Main Street District.
      1023 Main St, Woodward, OK 73801
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    • Contact for pricing

      Versatile Retail Space in Woodward

      2,530 SF commercial building with high visibility and ample parking.
      2116 Oklahoma Ave, Woodward, OK 73801
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    Similar Nearby for Lease

    • $1,588,000
      7,990 SF

      Prime Retail Space For Rent

      High-traffic retail space with national tenant anchors.
      3305 1St St, Woodward, OK 73801
      View Details
    • Contact for pricing
      3,235 SF

      Drive-Thru Restaurant Sublease Opportunity

      Sublease opportunity with drive-thru and excellent visibility on Oklahoma Avenue.
      2617 Oklahoma Ave, Woodward, OK 73801
      View Details
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    1923 Main St
    Woodward, OK 73801
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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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