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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Showrooms
230 D NE St Miami, OK 74354-5915
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US69-1535372
Property summary
AI-generated overview
This exceptional commercial property in Miami, OK, presents a turnkey investment opportunity. The 10,960 square foot building, situated on a 0.62-acre lot, houses the established NEO Ranch Supply store. The ground floor encompasses a retail storefront and warehouse with four loading docks. Recent upgrades include a new storefront with wheelchair access, windows, metal siding, and roofing. The business is operational, offering immediate income potential as one of the few local ADM and Purina dealers. The sale includes essential equipment such as a forklift, computer monitors, and shelving (server excluded). Inventory is available for separate purchase. Additional space on the second and third floors provides ample storage and workspace. The property enjoys a prime location, five blocks north of Highway 10, at the southwest corner of NE D Street and NE 3rd Avenue. Its convenient location is approximately 55 miles from Nowata, 27 miles from Vinita, and 9 miles from the Kansas state line. Showings are by appointment only. Priced at $450,000.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1925
Total area
1,960 SF
Lot
0.62 ac (27,000 SF)
APN
3520-00-063-009-0-000-00
UPID
US69-1535372
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
Current use
Occupant on record · Public records
-
Ranch Supply LLC Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Neo Ranch Suppply LLC · 3 yrs held
Neo Ranch Suppply LLC
since 2023
Last sale
$600,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami 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)
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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
$650,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $600k (Jan 10 2023)
Last sale anchor
$600k
Jan 10 2023
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
$309 / 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
$3,517
Tax year 2023
Assessed value
$37,050
Assessed 2023
Previous assessed
$11,079
+234.4% YoY
Effective rate
9.49%
On assessed value
Assessed land
$3,133
Assessed improvement
$33,917
Land market value
$27,482
Improvement market value
$297,518
Total market value
$325,000
Applied tax rate
14.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1925
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
1,960 SF
Lot
0.62 ac (27,000 SF)
APN
3520-00-063-009-0-000-00
UPID
US69-1535372
Jurisdiction
OTTAWA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1925
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
Neo Ranch Suppply LLC
Entity
Mailing address
522 N ASH ST, NOWATA, OK 74048-2323
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2023
$600,000
Neo Ranch Suppply LLC
Ranch Supply LLC
Warranty Deed
$1,000,000 · Regent Bank
Jan 31, 2022
$325,000
The Ranch Supply LLC
Terry E Brownen
Warranty Deed
$340,000 · Regent Bank
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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