Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    301 21st Ave Durant, OK 74701-5645
    Back to Search
    Property profile & analytics

    301 21st Ave, Durant, OK 74701-5645

    View on Map
    • Distribution centers
    • 6,080 SF
    • 1.00 lot acres
    Off-Market
    Last Sale Aug 5, 2021
    $140,000
    Property ID
    US69-1882357
    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

    • Distribution centers

    Property Details for 301 21st Ave

    Year built
    1973
    Lot size
    1.00 lot acres
    Property type
    Distribution centers
    APN
    A399-31-06S-09E-2-026-00
    APU
    A3993106S09E202600

    Description

    This exceptional commercial property, located at 301 South 21st Avenue in Durant, Oklahoma, presents a unique investment opportunity. Priced at $449,000, this one-acre lot offers a substantial 6,000+ square foot warehouse building ideally situated just off Highway 75, providing unparalleled access to major transportation routes. The warehouse itself features multiple lofts and storage rooms, catering to diverse storage and operational needs. Two oversized entry doors and a convenient loading dock ensure efficient loading and unloading of goods. The office space is equally impressive, encompassing a spacious foyer, four individual offices perfect for a variety of business configurations, two restrooms, and a well-appointed kitchen/dining area for employee convenience. The property is zoned for commercial use, making it suitable for a wide range of businesses. Its prime location and ample space make this property an attractive option for businesses seeking a functional and strategically located space in Durant, Oklahoma. The property's zip code is 74701. This is a rare opportunity to acquire a versatile commercial property in a thriving location.

    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
    Durant
    County
    Bryan
    State
    Oklahoma
    Longitude
    -96.4017
    Latitude
    33.9938
    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
    $1,454
    $7,920
    $7,489
    $15,409
    -
    $72,000
    $68,082
    $140,082

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      Durant, OK 74701

      DISTRIBUTION WAREHOUSE
      Durant, OK 74701
      View Details
    • Value Estimation by Request
      3,600 SF

      424 9th Ave

      DISTRIBUTION WAREHOUSE
      424 9th Ave, Durant, OK 74701-6102
      View Details
    • Value Estimation
      $610,000
      27,662 SF

      Durant, OK 74701

      DISTRIBUTION WAREHOUSE
      Durant, OK 74701
      View Details
    • Value Estimation by Request
      4,525 SF

      Durant, OK 74701

      DISTRIBUTION WAREHOUSE
      Durant, OK 74701
      View Details
    • Value Estimation
      $2,225,000
      41,600 SF

      Durant, OK 74701

      DISTRIBUTION WAREHOUSE
      Durant, OK 74701
      View Details
    • Value Estimation
      $5,200,000
      137,669 SF

      Durant, OK 74701

      DISTRIBUTION WAREHOUSE
      Durant, OK 74701
      View Details

    Similar Nearby for Sale

    • $801,500
      2.50 Acres

      Multi-Building Property on 2.5 Acres

      Versatile property with two buildings, ideal for various commercial ventures.
      82 Casey Ln, Durant, OK 74701
      View Details
    • Contact for pricing
      57,645 SF

      Durant Warehouse Space Available

      57,645 SF warehouse space for lease in Durant, Oklahoma.
      101 Waldron Rd, Durant, OK 74701
      View Details
    • Contact for pricing

      Prime Ground Lease Opportunity

      Unparalleled ground lease opportunity in Durant, Oklahoma's thriving retail corridor.
      3106 University Blvd, Durant, OK 74701
      View Details
    • $1,200,000
      1.71 Acres

      Prime Commercial Land Opportunity

      High-visibility commercial land in Durant, Oklahoma, near major highways.
      State Hwy 70, Durant, OK 74701
      View Details
    • $47,500
      0.50 Acres

      Residential Lot in Durant, OK

      Residential lot in The Grove Subdivision, Phase II, Durant, OK.
      56 Royal Oak Dr, Durant, OK 74701
      View Details
    • $47,500
      0.57 Acres

      Residential Lot in Grove Subdivision

      Residential lot in Durant, OK, with concrete streets.
      98 Royal Oak Dr, Durant, OK 74701
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,236,000 SF

      Durant Warehouse with Pallet Placements

      1,236,000 SF warehouse featuring pick module and pallet flow conveyor.
      2306 Enterprise Blvd, Durant, OK 74701
      View Details
    • Contact for pricing
      18,640 SF

      Retail and Warehouse Space Available

      Combined or separate retail and warehouse space for lease.
      493 Radio Rd, Durant, OK 74701
      View Details
    • Contact for pricing
      900 SF

      Retail Space Available For Lease

      Retail space with strong co-tenancy, divisible, and new roof.
      3601 W Main St, Durant, OK 74701
      View Details
    • Contact for pricing

      Retail Development Land For Lease

      Prime retail development opportunity near Durant High School.
      3302 N Washington Ave, Durant, OK 74701
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Walmart

      Retail space available in Durant, Oklahoma, near Walmart.
      519 W University Blvd, Durant, OK 74701
      View Details
    • $3,200 /Mo

      Retail Space Near Highway 69/75

      Retail space in high-traffic area near national retailers.
      2832 University Blvd, Durant, OK 74701
      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.
    301 21st Ave
    Durant, OK 74701-5645
    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

    Thank You for Inquiry
    301 21st Ave, Durant, OK, 74701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!