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    200 Choctaw Ave El Reno, OK 73036-2624

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    200 Choctaw Ave El Reno, OK 73036-2624

    View on Map
    • Office buildings
    • 9,588 SF
    • 0.22 lot acres
    Off-Market
    Property ID
    US69-0682868
    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
    $1,175,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Canadian County Assessors / County Government Office / Tax Department
    • Billie Linam / Foster Care Service / Social Service Agency
    • Kristal Pointer / Foster Care Service / Social Service Agency
    • Ginger Clifton / Foster Care Service / Social Service Agency
    • Brian Morris / Foster Care Service / Social Service Agency

    Property Details for 200 Choctaw Ave

    Year built
    1940
    Lot size
    0.22 lot acres
    Property size
    9,588 SF
    Property type
    Office buildings
    APN
    90024925
    APU
    90024925

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,372,000
      Market price range: $769k - $1.90M
      AI Estimate
      $976,000
      Market price range: $535k - $1.45M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,370,000
      Current use
      RETAIL STORES
      $1,195,000
      Change: -13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    El Reno
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.9546
    Latitude
    35.5343
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, 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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,912 SF

      220 Choctaw Ave

      OFFICE BUILDING • 1,912 SF
      220 Choctaw Ave, El Reno, OK 73036-3630
      View Details
    • Value Estimation by Request
      2,500 SF

      212 Rock Is Ave

      OFFICE BUILDING • 2,500 SF
      212 Rock Is Ave, El Reno, OK 73036-2731
      View Details
    • Value Estimation by Request
      5,963 SF

      214 Rock Is Ave

      OFFICE BUILDING • 5,963 SF
      214 Rock Is Ave, El Reno, OK 73036-2735
      View Details
    • Value Estimation
      $565,000
      4,600 SF

      102 Bickford Ave

      OFFICE BUILDING • 4,600 SF
      102 Bickford Ave, El Reno, OK 73036-2720
      View Details
    • Value Estimation
      $1,835,000
      14,976 SF

      100 Bickford Ave

      OFFICE BUILDING • 14,976 SF
      100 Bickford Ave, El Reno, OK 73036-2720
      View Details
    • Value Estimation
      $735,000
      6,006 SF

      101 Choctaw Ave

      OFFICE BUILDING • 6,006 SF
      101 Choctaw Ave, El Reno, OK 73036-2644
      View Details

    Similar Nearby for Sale

    • $495,000
      4,000 SF

      New Construction Flex Space Available

      New construction flex space with multi-tenant options, completion February 2025.
      16915 W Hefner Rd, El Reno, OK 73036
      View Details
    • $495,000

      New Construction Flex Space Available

      New construction flex space with multi-tenant options, available February 2025.
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    • Contact for pricing

      Highway 66 Corner Land Parcel

      Corner land parcel near I-40 interchange with existing utilities.
      Hwy 66 & Radio Rd, El Reno, OK 73036
      View Details
    • Contact for pricing
      57,210 SF

      El Reno Warehouse For Rent

      57,210 square foot warehouse space available for lease.
      3401 S Radio Rd, El Reno, OK 73036
      View Details
    • $2,200,000
      24,290 SF

      El Reno Industrial Property

      9.09 acres with office and shop buildings near I-40.
      2309 E Highway 66, El Reno, OK 73036
      View Details
    • $109,000
      2.02 Acres

      Residential Land in El Reno

      2.02 acre residential lot, ideal for building a home.
      N Gregory Rd, El Reno, OK 73036
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      El Reno Multi-Tenant Professional Building

      Multi-tenant building with available suite and drive-through potential.
      2005 Parkview Dr, El Reno, OK 73036
      View Details
    • $7 SF/Yr

      El Reno Flex/Industrial Space

      8,000 SF flex/industrial space with multiple drive-in doors.
      108 SE 27Th St, El Reno, OK 73036
      View Details
    • $6,000 /Mo
      8,040 SF

      Modern Commercial Space in El Reno

      8,000 SF commercial property on 2.35 acres in El Reno.
      1605 E Highway 66, El Reno, OK 73036
      View Details
    • Contact for pricing

      El Reno Auto Shop Space

      8,000 SF auto shop with multiple drive-in doors.
      108 SE 27Th St, El Reno, OK 73036
      View Details
    • Contact for pricing

      El Reno Industrial Land Available

      Industrial land for lease in El Reno, Canadian County, OK.
      2412 S Choctaw Ave, El Reno, OK 73036
      View Details
    • $10,000 /Mo
      17,000 SF

      Warehouse with Fenced Lot

      17,000 SF warehouse with drive-in doors and fenced lot.
      2000 SW 27Th St, El Reno, OK 73036
      View Details
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    200 Choctaw Ave
    El Reno, OK 73036-2624
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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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