Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    205 Park Ln Altus, OK 73521-5755
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    205 Park Ln Altus, OK 73521-5755

    View on Map
    • Medical Office Space
    • 19,084 SF
    • 0.43 lot acres
    Off-Market
    Property ID
    US69-1707438
    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

    • Dr. Nicole Williamson / Physician
    • Joe Ghata / Physician
    • Jorge Cardenas / Physician
    • Renae Vitale / Foster Care Service / Social Service Agency
    • Elizabeth Lauterbach / Physician

    Property Details for 205 Park Ln

    Year built
    1990
    Lot size
    0.43 lot acres
    Property size
    19,084 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    0035-00-002-012-0-000-00
    APU
    3500002012000000

    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
    Altus
    County
    Jackson
    State
    Oklahoma
    Longitude
    -99.3169
    Latitude
    34.6359
    CBSA code
    11060
    CBSA name
    ALTUS, 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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,663 SF

      1200 Tamarack Rd

      MEDICAL BUILDING • 4,663 SF
      1200 Tamarack Rd, Altus, OK 73521-1234
      View Details
    • Value Estimation by Request
      4,800 SF

      103 Commerce St

      MEDICAL BUILDING • 4,800 SF
      103 Commerce St, Altus, OK 73521-3807
      View Details
    • Value Estimation by Request
      11,499 SF

      304 Park Ln

      MEDICAL BUILDING • 11,499 SF
      304 Park Ln, Altus, OK 73521-5718
      View Details
    • Value Estimation by Request
      11,912 SF

      1200 Pecan St

      MEDICAL BUILDING • 11,912 SF
      1200 Pecan St, Altus, OK 73521-6141
      View Details
    • Value Estimation by Request
      3,746 SF

      801 Tamarack Rd

      MEDICAL BUILDING • 3,746 SF
      801 Tamarack Rd, Altus, OK 73521-1231
      View Details
    • Value Estimation by Request
      5,887 SF

      809 Tamarack Rd

      MEDICAL BUILDING • 5,887 SF
      809 Tamarack Rd, Altus, OK 73521-1231
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,415 SF

      Remodeled Office Building with Parking

      Remodeled office building with ample parking in commercial area.
      1904 E Broadway St, Altus, OK 73521
      View Details
    • Contact for pricing
      2,542 SF

      Prime Location Commercial Property

      2500 sq ft commercial space in high-traffic Altus location.
      720 N Main St, Altus, OK 73521
      View Details
    • Contact for pricing

      Two-Story Brick Office Building

      Two-story commercial office building near major businesses and franchises.
      111 Sequoyah Ln, Altus, OK 73521
      View Details
    • $319,000
      2,415 SF

      Remodeled Commercial Building in Altus

      Remodeled block building with office, bays, and ample parking.
      1904 E Broadway St, Altus, OK 73521
      View Details
    • Contact for pricing
      9,900 SF

      Versatile Building with Flexible Space

      Adaptable building offering diverse possibilities for future utilization.
      113 S Main St, Altus, OK 73521
      View Details
    • $99,000
      10.00 Acres

      Altus OK Land For Sale

      10 acre property near Altus, Oklahoma with road frontage.
      01 E County Rd 159- Racetrack Rd, Altus, OK 73521
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Garage and Warehouse on Falcon

      Garage and warehouse with two spaces for sale on Falcon.
      921 Falcon Rd, Altus, OK 73521
      View Details
    • $8 SF/Yr

      Retail Space on 8.36 Acres

      Retail space available for lease on a large lot.
      1116 N Main St, Altus, OK 73521
      View Details
    • $8 SF/Yr
      958 SF

      85,453 SF Retail Center

      Retail center anchored by Dunham's Sports on 8.36 acres.
      1100-1126 N Main St, Altus, OK 73521
      View Details
    • Contact for pricing
      1,800 SF

      Warehouse with Office and Paint Booth

      1,800 SF warehouse with office and auto shop features.
      925 Falcon Rd, Altus, OK 73521
      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.
    205 Park Ln
    Altus, OK 73521-5755
    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.
    Sign Up Successful!
    You now have access to more from Realmo!