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Property profile & analytics
OFF-MARKET
Drug stores
324 Main St Shawnee, OK 74801-7012
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US69-0364661
Property summary
AI-generated overview
This exceptional 2-story, 2,875 square foot retail building, located at 324 E Main St in Shawnee, Oklahoma, presents a unique investment opportunity. Built in 1905, this vacant property boasts a prime corner lot location in a high-traffic area near the downtown core, ideal for various uses including retail, restaurant, or office space. The building is currently in grey shell condition, offering a blank canvas for customization and design. Its 2,875 square feet of net rentable space is priced at $71.30 per square foot, totaling an asking price of $205,000. Convenient curbside parking ensures easy accessibility for customers and employees. A separate entrance provides potential for additional rental income through a second tenant or business. The property is zoned for commercial use and offers a blend of historic charm and modern adaptability, making it an attractive investment in a thriving downtown area. This is a chance to own a piece of Shawnee's history and shape its future.
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1939
Total area
1,973 SF
Lot
0.08 ac (3,500 SF)
APN
0495-00-017-010-0-000-00
UPID
US69-0364661
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
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
Divoc Ventures LLC · 4 yrs held
Divoc Ventures LLC
since 2021
Last sale
$120,000
3 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 Shawnee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shawnee 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
$1,580
Tax year 2023
Assessed value
$15,120
Assessed 2023
Previous assessed
$15,120
+0.0% YoY
Effective rate
10.45%
On assessed value
Assessed land
$1,782
Assessed improvement
$13,338
Land market value
$15,000
Improvement market value
$111,301
Total market value
$126,301
Applied tax rate
51.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1939
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Rooms
2
Bathrooms
3
Total area
1,973 SF
Lot
0.08 ac (3,500 SF)
APN
0495-00-017-010-0-000-00
UPID
US69-0364661
Jurisdiction
POTTAWATOMIE
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
1939
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Rooms
2
Bathrooms
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Divoc Ventures LLC
Entity
Mailing address
301 W LAKEVIEW DR, TECUMSEH, OK 74873-9703
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2021
$120,000
Divoc Ventures LLC
The Gordon S Richards JR Trust
Warranty Deed
$102,000 · First United Bank & Trust Co
Aug 4, 2021
—
Gordon S Richards JR
Margaret Ann Richards Lindell
Quit Claim Deed
related
—
Oct 7, 2016
—
Richards,gordon S Trust
Richards S P Living Trust
Quit Claim Deed
related
—
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.
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