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    331 Cemetery Rd Yukon, OK 73099-6442

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    331 Cemetery Rd Yukon, OK 73099-6442

    View on Map
    • Strip malls
    • 21,120 SF
    • 1.66 lot acres
    Off-Market
    Last Sale Sep 11, 2023
    $1,900,000
    Property ID
    US69-0635209
    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
    $1,995,000
    Show details
    Cap Rate Potential
    6.6%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Farmers Insurance - Levi Wilson / Insurance Agency
    • Bonnie Pollock: Allstate Insurance / Insurance Agency
    • Good Morning Donuts / Bakery / Discount Store
    • Breyden Teel, Keller Williams Platinum West / Real Estate Agency
    • Haglund Insurance Agcy-farmers / Insurance Agency

    Property Details for 331 Cemetery Rd

    Year built
    2007
    Lot size
    1.66 lot acres
    Property size
    21,120 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    90120864
    APU
    90120864

    Description

    This exceptional Class A, single-story medical office building, totaling 21,120 square feet, is situated at 331 Cemetery Rd, Yukon, OK 73099, near the intersection of Reno and Garth Brooks (Cemetery) Roads. Built in 2007 and renovated in 2024, the property boasts 18-foot ceilings and offers four suites ranging from 900 to 7,100 contiguous square feet, with 10,700 square feet currently vacant. The building features ample parking with 70 spaces, catering to both tenants and their clients. The property is zoned commercial and benefits from its location in a high-traffic area experiencing significant new development, ensuring excellent visibility and accessibility. The Yukon, Mustang submarket in Oklahoma City offers a robust economy, promising strong growth potential for businesses. Utilities are modified gross, with tenants responsible for electricity, natural gas, and internet. This property presents a unique opportunity for medical practices seeking a modern, well-maintained space in a thriving commercial area. The competitive rental rates make this an attractive option for businesses seeking a strategic and cost-effective location. The building is served by single-phase power and does not include elevators.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,060,000
      ML approach
      $2,020,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,275,000
      6.5%
      $2,100,000
      7%
      $1,950,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,270,000
      RESTAURANT
      $2,785,000
      OFFICE BUILDING
      $2,395,000
      AUTO REPAIR, GARAGE
      $2,315,000
      RETAIL STORES
      $2,295,000
      MEDICAL BUILDING
      $2,295,000
      WAREHOUSE, STORAGE
      $1,735,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Yukon
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.7607
    Latitude
    35.4624
    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
    $28,979
    $42,897
    $213,032
    $255,929
    -
    $357,935
    $1,785,740
    $2,143,675

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      1825 Mustang Rd

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    • Value Estimation
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    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail suite in 7-11 shopping center available for lease.
      12404 N Mustang Rd, Yukon, OK 73099
      View Details
    • Contact for pricing
      44,023 SF

      Multi-Use Commercial Center in Yukon

      Three-story commercial center with retail, office, and flex space.
      1010 Garth Brooks Blvd, Yukon, OK 73099
      View Details
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      Prime Land in Yukon, OK

      Investment opportunity in a high-traffic Yukon business area.
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      Prime Land in Growing Yukon

      Commercial land available for sale or ground lease in Yukon.
      0000 W Reno Czech Hall, Yukon, OK 73099
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      44,023 SF

      Retail Space on Garth Brooks

      Retail space available at a busy intersection near major retailers.
      1010 Garth Brooks Blvd, Yukon, OK 73099
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      3,615 SF

      Yukon Office and Retail Property

      Commercial property suitable for office and retail use.
      301 S Mustang Rd, Yukon, OK 73099
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    Similar Nearby for Lease

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      8,450 SF

      Retail Space in Yukon, Oklahoma

      Retail space available in Sprouts-anchored shopping center in Yukon, OK.
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      View Details
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      1,080 SF

      Retail Space in Yukon Center

      Retail space available in Sprouts-anchored shopping center in Yukon, OK.
      1036 W Vandament Ave, Yukon, OK 73099
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      30,000 SF

      Yukon Village Retail Opportunity

      Retail space available in Yukon Village Shopping Center.
      1622-1700 Garth Brooks Blvd, Yukon, OK 73099
      View Details
    • $13 SF/Yr
      23,000 SF

      Retail Space in Yukon, Oklahoma

      Recently renovated retail space with monument signage available for lease.
      917 Cornwell Dr, Yukon, OK 73099
      View Details
    • Contact for pricing
      4,338 SF

      Retail Space in Growing Yukon

      Retail space available in a recently updated Yukon shopping center.
      1091 Cornwell Dr, Yukon, OK 73099
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      Retail Space in Updated Center

      Retail space available in recently updated Yukon shopping center.
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      View Details
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    331 Cemetery Rd
    Yukon, OK 73099-6442
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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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