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

    3305 Chandler Rd Muskogee, OK 74403

    • Grocery and convenience stores
    • 2,400 SF
    • 0.57 lot acres
    For Lease
    View listing
    $11 SF/Yr
    Last Sale
    Mar 25, 2024
    $100,000
    Value Estimations
    $100,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-2403040
    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

    • Kum & Go / Diesel Fuel Supplier / Gas Station
    • Casey's / Pizza Delivery

    Property Details for 3305 Chandler Rd

    Year built
    1980
    Lot size
    0.57 lot acres
    Property size
    2,400 SF
    Zone code
    E1
    Property type
    Grocery and convenience stores
    APN
    5240-31-001-000-1-014-01
    APU
    524031001000101401

    Description

    This exceptional Muskogee, Oklahoma property offers 2,400 square feet of versatile retail and office space, perfectly suited for a variety of businesses. Located at 3305 Chandler Rd, this single-story, Class B building sits on a 0.57-acre lot and boasts 30 convenient parking spaces, ensuring ample availability for clients and employees. Completely renovated in 2024, the property features a modern aesthetic and updated amenities. The space is divided into multiple suites, offering flexibility for businesses of different sizes. A shared common area break room adds convenience and fosters a collaborative environment. The E1 zoning allows for a range of commercial uses. Built in 1980, this property benefits from recent upgrades while maintaining a desirable location in Muskogee County, Oklahoma, zip code 74403. Abundant front door parking provides easy access and high visibility. This fully serviced property presents a rare opportunity to establish or expand your business in a prime Muskogee location. The property's combination of modern amenities, convenient parking, and flexible suite options makes it an ideal choice for businesses seeking a thriving commercial environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $100,000
      ML approach
      $100,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $105,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Muskogee
    County
    Muskogee
    State
    Oklahoma
    Longitude
    -95.3299
    Latitude
    35.7402
    CBSA code
    34780
    CBSA name
    MUSKOGEE, 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
    $3,471
    $10,643
    $24,946
    $35,589
    -
    $105,188
    $282,656
    $387,844

    Comparable in this City

    • Value Estimation
      $295,000
      2,000 SF

      3225 Cherokee Dr

      CONVENIENCE STORE • 2,000 SF
      3225 Cherokee Dr, Muskogee, OK 74403-8047
      View Details
    • Value Estimation
      $245,000
      3,385 SF

      803 York St

      CONVENIENCE STORE • 3,385 SF
      803 York St, Muskogee, OK 74403-3852
      View Details
    • Value Estimation
      $425,000
      12,656 SF

      615 York St

      GROCERY, SUPERMARKET • 12,656 SF
      615 York St, Muskogee, OK 74403-3856
      View Details
    • Value Estimation
      $145,000
      1,271 SF

      805 York St

      CONVENIENCE STORE • 1,271 SF
      805 York St, Muskogee, OK 74403-3862
      View Details
    • Value Estimation
      $355,000
      4,000 SF

      Cherokee Muskogee

      CONVENIENCE STORE • 4,000 SF
      Cherokee Muskogee, Muskogee, OK 74403
      View Details
    • Value Estimation
      $310,000
      2,280 SF

      7499 Hancock St

      CONVENIENCE STORE • 2,280 SF
      7499 Hancock St, Muskogee, OK 74403-1307
      View Details

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      Muskogee Restaurant with Equipment Included

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    Similar Nearby for Lease

    • Contact for pricing
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    • $11 SF/Yr
      2,400 SF

      Muskogee Retail/Office Opportunity

      Renovated Office Suites, Ample Parking
      3305 Chandler Rd, Muskogee, OK 74403
      View Details
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    Muskogee, OK 74403
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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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