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

    2403 Main St Durant, OK 74701-4818

    • Drive through restaurants
    • 2,654 SF
    • 0.37 lot acres
    OFF-MARKET
    Last Sale
    Sep 11, 2023
    $1,195,000
    Value Estimations
    $1,295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-2142766
    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

    • KFC / Chicken Restaurant / Fast Food Restaurant

    Property Details for 2403 Main St

    Year built
    1987
    Lot size
    0.37 lot acres
    Property size
    2,654 SF
    Property type
    Drive through restaurants
    APN
    A399-30-06S-09E-3-022-00
    APU
    A3993006S09E302200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,295,000
      ML approach
      $1,235,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Durant
    County
    Bryan
    State
    Oklahoma
    Longitude
    -96.4077
    Latitude
    33.9982
    CBSA code
    20460
    CBSA name
    DURANT, 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
    $2,686
    $6,600
    $21,874
    $28,474
    -
    $60,000
    $198,858
    $258,858

    Comparable in this City

    • Value Estimation
      $1,220,000
      3,322 SF

      1305 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,322 SF
      1305 Main St, Durant, OK 74701-4903
      View Details
    • Value Estimation
      $400,000
      2,692 SF

      Durant, OK 74701

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,692 SF
      Durant, OK 74701
      View Details
    • Value Estimation
      $1,335,000
      3,381 SF

      415 Westside Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,381 SF
      415 Westside Dr, Durant, OK 74701-2932
      View Details
    • Value Estimation
      $325,000
      1,767 SF

      Durant, OK 74701

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,767 SF
      Durant, OK 74701
      View Details
    • Value Estimation
      $370,000
      1,200 SF

      1111 1st Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,200 SF
      1111 1st Ave, Durant, OK 74701-2805
      View Details
    • Value Estimation
      $2,535,000
      2,892 SF

      2117 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,892 SF
      2117 Main St, Durant, OK 74701-4919
      View Details

    Similar Nearby for Sale

    • $1,600,000
      2,700 SF

      New Construction Drive-Thru QSR

      New construction drive-thru QSR with a long-term absolute NNN ground lease.
      2502 W Main St, Durant, OK 74701
      View Details
    • $225,000
      312 SF

      Durant Retail/Office Space For Sale

      Compact retail or office space with high visibility in Durant.
      1002 W Main St, Durant, OK 74701
      View Details
    • $525,000
      3,200 SF

      Equipped Restaurant Building Near Amenities

      Commercial building with restaurant equipment near schools and hospital.
      1016 N Washington Ave, Durant, OK 74701
      View Details
    • $290,000
      6,588 SF

      Mixed-Use Commercial Property, Durant, OK

      Versatile commercial property in downtown Durant with high visibility.
      620 N 1St Ave, Durant, OK 74701
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    • $999,999
      4,128 SF

      Versatile Commercial Building on Highway 70

      Highway frontage property suitable for various business ventures.
      9125 Highway 70 W, Durant, OK 74701
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    • $195,000
      2,023 SF

      Downtown Durant Commercial Property

      Historic commercial property in high-traffic downtown Durant, Oklahoma.
      210 W Evergreen St, Durant, OK 74701
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,322 SF

      Drive-Thru Restaurant Sublease Opportunity

      Drive-thru restaurant sublease available at a hard corner location.
      1305 W Main St, Durant, OK 74701
      View Details
    • $1,150 /Mo
      1,000 SF

      Former Salon Space For Rent

      Professionally finished space ideal for salon, grooming, or wellness.
      1316 W Evergreen St, Durant, OK 74701
      View Details
    • $14 SF/Yr
      15,500 SF

      Retail and Warehouse Space Available

      Combined or separate retail and warehouse space for lease.
      493 Radio Rd, Durant, OK 74701
      View Details
    • $3,500 /Mo
      675 SF

      Retail Space in High-Traffic Area

      Retail space available in Durant's high-traffic retail corridor.
      2801-2807 University Blvd, Durant, OK 74701
      View Details
    • Contact for pricing
      5,618 SF

      Retail Space in Growing Durant

      Flexible retail space in Durant, Oklahoma's fastest-growing rural city.
      225 W Main St, Durant, OK 74701
      View Details
    • $1,200 /Mo
      1,000 SF

      Downtown Retail/Office Space Available

      Retail or office space in historic downtown Durant.
      206 W Evergreen St, Durant, OK 74701
      View Details

    Property Visit Statistics

    • Visits by month
      8.3k
    • Visitors by month
      7.1k
    • Avg Time on site
      15 min
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    2403 Main St
    Durant, OK 74701-4818
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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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