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    2238 N Broadway St Checotah, OK 74426
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    2238 N Broadway St, Checotah, OK 74426

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    • Automotive properties
    • 8,860 SF
    • 1.71 lot acres
    For Sale
    $1,350,000
    View Listing →
    Flex Office and Warehouse Facility For Sale
    $1,350,000
    8,860 SF

    Flex Office and Warehouse Facility

    High-visibility flex facility with office, retail, and warehouse/service areas and Highway 69 access in Checotah.

    2238 N Broadway, Checotah, OK 74426
    View Listing
    Property ID
    US69-1611320
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Automotive properties

    Property Details for 2238 N Broadway St

    Year built
    1998
    Lot size
    1.71 lot acres
    Property type
    Automotive properties
    APN
    0000-20-12N-17E-4-007-00
    APU
    00002012N17E400700

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 16, 2021 — Hosstyle Properties LLC — Deed · related $556k · Arvest Bank
    Mar 2, 2017 $300,000 Hosstyle Properties LLC Charles E Dinsmore Warranty Deed $365k · American Bank Of Oklahoma

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Checotah
    County
    Mcintosh
    State
    Oklahoma
    Longitude
    -95.5227
    Latitude
    35.4979

    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
    $2,664
    $4,703
    $26,621
    $31,324
    -
    $42,750
    $514,083
    $556,833

    Comparable in this City

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      1004 Gentry Ave

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    • Value Estimation by Request
      3,750 SF

      596 Industrial Rd

      VEHICLE SALES, RENTALS
      596 Industrial Rd, Checotah, OK 74426-2785
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    • Value Estimation
      $685,000
      12,810 SF

      1409 Old Hwy, Unit 69

      VEHICLE SALES, RENTALS
      1409 Old Hwy, Checotah, OK 74426
      View Details
    • Value Estimation by Request
      3,475 SF

      107348 Lotawatah Rd

      Individual retail properties
      107348 Lotawatah Rd, Checotah, OK 74426
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    • Value Estimation by Request
      5,360 SF

      422475 Hwy 266

      AUTO REPAIR, GARAGE
      422475 Hwy 266, Checotah, OK 74426-5367
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    • Value Estimation by Request
      1,770 SF

      909 Broadway St

      SERVICE STATION (FULL SERVICE)
      909 Broadway St, Checotah, OK 74426-5230
      View Details

    Similar Nearby for Sale

    • New
      $1,350,000
      8,860 SF

      Flex Office and Warehouse Facility

      High-visibility flex facility with office, retail, and warehouse/service areas and Highway 69 access in Checotah.
      2238 N Broadway St, Checotah, OK 74426
      View Details
    • $869,000
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      Commercial Land on I-40

      5 acres of commercial land near I-40 and Hwy 150.
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      Checotah Convenience Store/Fuel Stop

      Convenience store and fuel stop opportunity in Checotah, Oklahoma.
      107752 Highway 150, Checotah, OK 74426
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    • $1,225,000
      10,000 SF

      Checotah Commercial Property on 7 Acres

      7.36 acre commercial property with 10,000+ sqft building.
      1228 W Gentry St, Checotah, OK 74426
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    • Contact for pricing
      1,408 SF

      Downtown Checotah Mixed-Use Investment

      Two commercial buildings with income potential in Checotah, Oklahoma.
      317 Gentry Ave, Checotah, OK 74426
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    • Contact for pricing
      720 SF

      Downtown Checotah Commercial Property

      Commercial property in downtown Checotah, Oklahoma, with versatile potential.
      139 S Broadway St, Checotah, OK 74426
      View Details
    View Listing
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    Checotah, OK 74426
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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.

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    2238 N Broadway St, Checotah, OK, 74426
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