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Property profile & analytics
FOR SALE
Turn key restaurants
204 W Shawnee St Muskogee, OK 74401
Entity Owned
8-yr Hold
Free & Clear
Property ID
US69-0046429
For Sale
1 / 9
$1,900,000
204 W Shawnee St, Muskogee, OK 74401
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1984
Total area
6,416 SF
Lot
1.45 ac (62,988 SF)
Zoning code
F2
APN
5360-14-009-001-4-047-01
UPID
US69-0046429
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$514k
Blend (final)
Blend
$540k
Owner & transaction history
3303 S 31st Street LLC · 8 yrs held
3303 S 31st Street LLC
since 2018
5 recorded transactions
Zoning & alternative use
F2 · Muskogee, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Chapter 90 ZONING
Top alternative use upside
Medical building
$740,000
+52.6%
Retail stores
$645,000
+32.6%
Commercial (general)
$640,000
+31.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Muskogee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Muskogee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$485,000
Current use
MEDICAL BUILDING
$740,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$645,000
Change: +33% · Conversion: Easy
COMMERCIAL (GENERAL)
$640,000
Change: +31% · Conversion: Easy
AUTO REPAIR, GARAGE
$620,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$84 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,759
Tax year 2023
Assessed value
$105,079
Assessed 2023
Previous assessed
$105,079
+0.0% YoY
Effective rate
10.24%
On assessed value
Assessed land
$55,440
Assessed improvement
$49,639
Land market value
$504,000
Improvement market value
$451,262
Total market value
$955,262
Applied tax rate
32.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1984
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
6,416 SF
Lot
1.45 ac (62,988 SF)
Zoning code
F2
APN
5360-14-009-001-4-047-01
UPID
US69-0046429
Jurisdiction
MUSKOGEE
Zoning & alternative use
F2 · Muskogee, OKZoning F2 · permitted uses
F2 · Muskogee, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 90 ZONING
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$485,000
MEDICAL BUILDING
Est. value
$740,000
RETAIL STORES
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$620,000
OFFICE BUILDING
Est. value
$590,000
RESTAURANT Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.45 ac
Current owner
From public records · entity-resolved
3303 S 31st Street LLC
Entity
Free & Clear · 8 yrs held
Mailing address
12200 N STEMMONS FWY STE #100, DALLAS, TX 75234-5877
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2018
—
303 S 31st Street LLC
—
Deed
related
$2,750,000 · Benchmark Bk
Aug 2, 2018
$1,217,000
3303 S 31st Street LLC
Spirit Master Funding III LLC
Grant Deed
—
May 4, 2007
$2,998,500
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
—
Jan 19, 2007
$1,248,500
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
—
—
—
303 S 31st Street LLC
—
Deed Of Trust
related
$2,750,000 · Benchmark Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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