Back to Search
Property profile & analytics
OFF-MARKET
Turn key restaurants
306 Choctaw Ave El Reno, OK 73036-2423
Individually Owned
3-yr Hold
Free & Clear
Property ID
US69-0706575
Property summary
AI-generated overview
This 4,010 square foot commercial building, built in 1920, is situated at 306 N Choctaw Ave, El Reno, OK 73036. The property, zoned for commercial use (APN 090024796), offers a unique investment opportunity. Located on busy Highway 81, directly across from the Canadian County Courthouse, it benefits from high visibility and significant daily traffic. The single-story building comprises up to five separate suites, each with its own exterior entrance, providing privacy for individual tenants. One suite is currently configured as a restaurant, while others are better suited for office use. The asking price is $219,900, translating to $54.84 per square foot. This presents a chance to establish your own office space, lease the suites for rental income, or utilize the building for other commercial purposes. The property's prime location and versatile layout make it an attractive option for a variety of businesses.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1920
Total area
4,010 SF
Lot
0.27 ac (11,761 SF)
APN
90024796
UPID
US69-0706575
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
-
Jenna Brown Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Javier Pecina Montelongo · 3 yrs held
Javier Pecina Montelongo
since 2023
Last sale
$165,000
4 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 El Reno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Reno 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)
Refine in 60 seconds, get exact suggested price
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,295
Tax year 2023
Assessed value
$21,429
Assessed 2023
Previous assessed
$20,409
+5.0% YoY
Effective rate
10.71%
On assessed value
Assessed land
$4,275
Assessed improvement
$17,154
Land market value
$35,625
Improvement market value
$144,825
Total market value
$180,450
Applied tax rate
13.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1920
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Total area
4,010 SF
Lot
0.27 ac (11,761 SF)
APN
90024796
UPID
US69-0706575
Jurisdiction
CANADIAN
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
1920
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Javier Pecina Montelongo
Individual
Free & Clear · 3 yrs held
Mailing address
10425 NW 63RD ST, YUKON, OK 73099-1109
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2023
—
Javier Pecina Montelongo
Javier Pecina Montelongo
Intrafamily Transfer
related
—
Jul 19, 2019
$165,000
Javier Pecina-montelongo
Askins,elisabeth
Warranty Deed
—
Jul 11, 2018
$85,000
Elisabeth Askins
Steven Pickett
Warranty Deed
$71,166 · Great Plains National Bank
Oct 12, 2011
$27,500
Steven Pickett
Stephen A Jeffrey
Warranty Deed
$27,750 · The First Bank Of Okarche
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 306 Choctaw Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
