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    Property profile & analytics

    2233 Mississippi Ave Atoka, OK 74525

    • Commercial real estate
    • 3,540 SF
    • 4.84 lot acres
    For Sale
    View listing
    $1,686,640
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-2183123
    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

    • Commercial real estate

    Property Details for 2233 Mississippi Ave

    Year built
    1955
    Lot size
    4.84 lot acres
    Property size
    3,540 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 2233 S Mississippi Avenue in Atoka, Oklahoma, presents a unique investment opportunity. The expansive 4.84-acre lot provides ample space for a variety of uses, making it ideal for businesses requiring significant outdoor area or future expansion. The substantial 3,540 square foot building offers considerable interior space, adaptable to suit diverse operational needs. Its current configuration is unspecified, allowing for creative customization to match specific business requirements. The property's location in Atoka offers access to local amenities and a growing community. The asking price of $1,686,640 reflects the significant value offered by this substantial land parcel and its sizable building. This property is well-suited for entrepreneurs seeking a versatile space to establish or expand their operations. The large lot allows for significant flexibility in development and future growth. Serious inquiries are encouraged to explore the full potential of this prime commercial real estate offering in Atoka, Oklahoma. The property's size and location make it a compelling investment opportunity in a developing market. Further details regarding the building's interior and potential uses are available upon request.

    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
    Atoka
    County
    Atoka
    State
    Oklahoma
    Longitude
    -96.14425
    Latitude
    34.36282

    Comparable in this City

    • $1,800,000
      6,000 SF

      Atoka Commercial Property - Hwy 69

      High-visibility commercial property, multiple uses.
      894 Mississippi Ave, Atoka, OK 74525
      View Details
    • Contact for pricing
      162.51 Acres

      Atoka, OK Commercial Land

      Highway 75 development opportunity. High traffic, Walmart & Starbucks nearby.
      0 Mississippi Ave & Wallace Ln, Atoka, OK 74525
      View Details
    • $230,000
      2,188 SF

      Highway Commercial Property in Atoka

      Commercial property on a busy highway near upcoming development.
      161 N Mississippi Ave, Atoka, OK 74525
      View Details
    • Contact for pricing
      1.00 Acre

      Atoka, OK - Vacant Land

      One-acre lots perfect for a dream homestead near urban amenities.
      1 Oak Tree Ln, Atoka, OK 74525
      View Details
    • $38,500
      1.74 Acres

      Atoka Vacant Land For Sale

      1.74 acres in a rural neighborhood with utilities available.
      Willow Bend Ln, Atoka, OK 74525
      View Details
    • $840,000
      120.00 Acres

      120 Acres of Oklahoma Land

      Land with grazing potential in sought-after Wards Chapel area.
      Chicken Fight Rd, Atoka, OK 74525
      View Details

    Similar Nearby for Sale

    • $1,800,000
      6,000 SF

      Atoka Commercial Property - Hwy 69

      High-visibility commercial property, multiple uses.
      894 Mississippi Ave, Atoka, OK 74525
      View Details
    • Contact for pricing
      162.51 Acres

      Atoka, OK Commercial Land

      Highway 75 development opportunity. High traffic, Walmart & Starbucks nearby.
      0 Mississippi Ave & Wallace Ln, Atoka, OK 74525
      View Details
    • $477,000
      60.00 Acres

      60 Acres Near Tushka, Oklahoma

      60 acre tract with pasture, timber, creek, and utilities.
      Butterfield Xing, Atoka, OK 74525
      View Details
    • Contact for pricing
      0.80 Acres

      Vacant Land in Atoka, OK

      Vacant city lots available in Mountain View Addition.
      Tbd Newman Ave, Atoka, OK 74525
      View Details
    • $715,000
      110.00 Acres

      110 Acres for Hunting/Livestock

      110 acres suitable for hunting, livestock, or building.
      Hickory Hill Rd, Atoka, OK 74525
      View Details
    • $185,000
      0.15 Acres

      Atoka Downtown Redevelopment Opportunity

      Commercial buildings in Atoka's Opportunity Zone, ideal for retail/office.
      170 S Ohio Ave, Atoka, OK 74525
      View Details
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    2233 Mississippi Ave
    Atoka, OK 74525
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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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