Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23785 Hwy 100 Welling, OK 74471-2230

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23785 Hwy 100 Welling, OK 74471-2230

    View on Map
    • Grocery and convenience stores
    • 3,110 SF
    • 0.49 lot acres
    Off-Market
    Property ID
    US69-1317651
    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

    • Grocery and convenience stores

    Property Details for 23785 Hwy 100

    Year built
    1990
    Lot size
    0.49 lot acres
    Property size
    3,110 SF
    Property type
    Grocery and convenience stores
    APN
    0000-20-15N-23E-0-042-00
    APU
    00002015N23E004200

    Description

    This thriving convenience store, located at 23785 Hwy 100 Unit 23785 in Welling, Oklahoma, presents a unique investment opportunity. Boasting 3,110 square feet on a 0.49-acre lot, this turnkey operation benefits from a prime location with high traffic counts and a loyal customer base. Its proximity to Lake Tenkiller ensures a consistent stream of seasonal and local clientele. The sale includes existing inventory, providing a seamless transition for the new owner. The business is well-established, demonstrating a proven track record of success. This is a fantastic chance to acquire a profitable, established business in a desirable area. The property's strategic location near Lake Tenkiller offers significant potential for growth and expansion. Furthermore, an adjacent residential property is also available for purchase, presenting an attractive option for owner-occupancy or additional rental income. This combined offering provides a rare opportunity to acquire both a successful commercial venture and a complementary residential property in a single transaction. The asking price for the convenience store is $220,000. Detailed financial records are available upon request. Don't miss this chance to own a piece of Welling's thriving commercial landscape.

    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
    Welling
    County
    Cherokee
    State
    Oklahoma
    Longitude
    -94.8812
    Latitude
    35.7642
    CBSA code
    45140
    CBSA name
    TAHLEQUAH, 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
    $1,917
    $3,234
    $23,597
    $26,831
    -
    $29,400
    $214,518
    $243,918

    Comparable in this City

    • Value Estimation by Request
      1,740 SF

      20626 Welling Rd

      CONVENIENCE STORE • 1,740 SF
      20626 Welling Rd, Welling, OK 74471-2036
      View Details
    • Value Estimation by Request
      2,350 SF

      23548 815th Rd

      CONVENIENCE STORE • 2,350 SF
      23548 815th Rd, Welling, OK 74471-2295
      View Details
    • Value Estimation by Request
      3,200 SF

      24168 Hwy 100

      AUTO REPAIR, GARAGE • 3,200 SF
      24168 Hwy 100, Welling, OK 74471-2214
      View Details
    • Value Estimation by Request
      1,616 SF

      Welling, OK 74471

      BAR, TAVERN • 1,616 SF
      Welling, OK 74471
      View Details
    • Value Estimation by Request
      0.81 Acres

      Welling, OK 74471

      VACANT COMMERCIAL LAND • 0.81 Acres
      Welling, OK 74471
      View Details
    • Value Estimation by Request
      1,616 SF

      23849 864 Rd

      Mixed-use properties • 1,616 SF
      23849 864 Rd, Welling, OK 74471
      View Details

    Similar Nearby for Sale

    • $79,900
      0.41 Acres

      RV Park Near Lake Tenkiller

      Three-space RV park near Lake Tenkiller with owner financing.
      28266 S 573 Rd, Welling, OK 74471
      View Details
    • $79,999
      Pending

      Land For Sale in Welling

      Land available near Caney Community Center in Cherokee County.
      27572 E 813 Rd, Welling, OK 74471
      View Details
    • $83,000

      Land For Sale in Welling

      Land available near Highway 100 in Cherokee County.
      28266 S 573 Rd, Welling, OK 74471
      View Details
    • $97,500
      10.00 Acres

      Unplatted Land in Welling, OK

      10 acres of unplatted land, ideal for residential or recreational.
      590 S 590 Rd, Welling, OK 74471
      View Details
    • Contact for pricing

      42.95 Acres Versatile Oklahoma Land

      Land with farming, hunting, recreation, or building potential.
      26524 E 795 Rd, Welling, OK 74471
      View Details
    • $192,000
      2,460 SF

      Welling Multifamily Investment Opportunity

      Nine-unit apartment complex on 15 acres near Lake Tenkiller.
      25377 S Welling Rd, Welling, OK 74471
      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.
    23785 Hwy 100
    Welling, OK 74471-2230
    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!