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

    307 Main St Noble, OK 73068-9322

    • Strip malls
    • 5,600 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0135995
    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

    • Physical Therapy Central / Physical Therapy Clinic / Physical Therapist
    • Dawn Ripley / Physical Therapist
    • Casey Kirkes / Physical Therapist
    • Philip Grider / Physical Therapist

    Property Details for 307 Main St

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    0.36 lot acres
    Property size
    5,600 SF
    Zone code
    R1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    NB40AAAOT 17 9001
    APU
    NB40AAAOT179001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $205,000
      Current use
      INDUSTRIAL (GENERAL)
      $350,000
      Change: +72% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Noble
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.3943
    Latitude
    35.1426
    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
    $4,725
    $2,489
    $37,101
    $39,590
    -
    $31,364
    $467,421
    $498,785

    Comparable in this City

    • Value Estimation
      $305,000
      3.03 Acres

      901 Hwy 77

      SHOPPING CENTER, STRIP CENTER • 3.03 Acres
      901 Hwy 77, Noble, OK 73068-8515
      View Details
    • Value Estimation
      $220,000
      3,105 SF

      323 Main St

      SHOPPING CENTER, STRIP CENTER • 3,105 SF
      323 Main St, Noble, OK 73068-8596
      View Details
    • Value Estimation
      $230,000
      7,527 SF

      203 Main St

      SHOPPING CENTER, STRIP CENTER • 7,527 SF
      203 Main St, Noble, OK 73068-9623
      View Details
    • Value Estimation
      $305,000
      5,600 SF

      301 Main St

      SHOPPING CENTER, STRIP CENTER • 5,600 SF
      301 Main St, Noble, OK 73068-9322
      View Details
    • Value Estimation
      $200,000
      1,200 SF

      114 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      114 Main St, Noble, OK 73068
      View Details
    • Value Estimation
      $235,000
      1,350 SF

      106 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,350 SF
      106 Main St, Noble, OK 73068-9596
      View Details

    Similar Nearby for Sale

    • $220,000
      10.39 Acres

      10-Acre Oklahoma Land

      Noble, OK: Build your dream home!
      5802 John Dalton Rd, Noble, OK 73068
      View Details
    • Contact for pricing
      Pending

      Acreage for Dream Home in Noble

      1.25 acre lot suitable for building your dream home.
      19 West St, Noble, OK 73068
      View Details
    • $1,290,000
      19,000 SF

      Commercial Property in Noble, Oklahoma

      Two buildings with 14 units on 2.38 acres.
      307 S Front St, Noble, OK 73068
      View Details
    • New
      $49,900
      2.48 Acres

      2.48 Acres Near Lake Thunderbird

      2.48 acre wooded lot near Norman and Lake Thunderbird.
      19331 Mooseville Dr, Noble, OK 73068
      View Details
    • Contact for pricing
      1.25 Acres

      Acreage for Dream Home in Noble

      1.25 acre lots suitable for mobile homes or barndominiums.
      16 West St, Noble, OK 73068
      View Details
    • Contact for pricing
      1.25 Acres

      Acreage for Residential Development

      1.25 acre lots suitable for residential development, no HOA.
      14 West St, Noble, OK 73068
      View Details
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    307 Main St
    Noble, OK 73068-9322
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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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