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    Property profile & analytics

    2812 Hwy 62nd Service Rd Newcastle, OK 73065-6228

    • Turn key restaurants
    • 7,690 SF
    • 2.55 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 27, 2025
    Location Intelligence
    Property ID
    US69-0919938
    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

    • La Luna Cantina & Grill / Banquet Hall / Bar

    Property Details for 2812 Hwy 62nd Service Rd

    Year built
    2005
    Lot size
    2.55 lot acres
    Property size
    7,690 SF
    Property type
    Turn key restaurants
    APN
    0000-02-09N-04W-0-007-00
    APU
    00000209N04W000700

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newcastle
    County
    Mcclain
    State
    Oklahoma
    Longitude
    -97.5985
    Latitude
    35.2877
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN 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
    $10,701
    $17,985
    $73,715
    $91,700
    -
    $163,500
    $724,717
    $888,217

    Comparable in this City

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      $1,110,000
      5,200 SF

      1900 16th St

      RESTAURANT • 5,200 SF
      1900 16th St, Newcastle, OK 73065-4313
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    • Value Estimation
      $405,000
      3,652 SF

      600 32nd St

      RESTAURANT • 3,652 SF
      600 32nd St, Newcastle, OK 73065-6329
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    • Value Estimation
      $445,000
      3,155 SF

      632 32nd St

      RESTAURANT • 3,155 SF
      632 32nd St, Newcastle, OK 73065
      View Details
    • Value Estimation
      $625,000
      4,317 SF

      4715 179th St

      RESTAURANT • 4,317 SF
      4715 179th St, Newcastle, OK 73065
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    • Value Estimation
      $240,000
      424 SF

      305 10th St

      RESTAURANT • 424 SF
      305 10th St, Newcastle, OK 73065
      View Details
    • Value Estimation
      $565,000
      2,004 SF

      Newcastle, OK 73065

      RESTAURANT • 2,004 SF
      Newcastle, OK 73065
      View Details

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    Newcastle, OK 73065-6228
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    Realmo Value Estimation

    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.

    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.

    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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