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Property profile & analytics
OFF-MARKET
Farms
383134 1040th Rd Okemah, OK 74859-5303
Individually Owned
~
Est. High Equity
Property ID
US69-2390193
Property summary
AI-generated overview
This approximately 20-acre land parcel features multiple greenhouses suitable for cultivation, along with several miscellaneous buildings for storage or operations. The property is equipped with electricity and has access to ground water. The landscape includes established greenery. The layout allows for potential expansion and diverse farming ventures. The property is zoned for rural agriculture. It is a split lot and includes an easement providing access along East 1040 Road. It previously held a non-active OMMA license. The property is located in Okemah, OK.
Property profile
Verified
Property type
Farms
Use group
NURSERY, GREENHOUSE, FLORIST
Year built
2021
Total area
1,008 SF
Lot
20 ac (871,200 SF)
APN
0000-18-012-011-0-010-00
UPID
US69-2390193
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
Michael Gilstrap
Michael Gilstrap
since 2025
2 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 Okemah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Okemah 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
$848
Tax year 2023
Assessed value
$8,737
Assessed 2023
Previous assessed
$301
+2,802.7% YoY
Effective rate
9.71%
On assessed value
Assessed land
$1,310
Assessed improvement
$7,427
Land market value
$17,356
Improvement market value
$68,207
Total market value
$85,563
Applied tax rate
106.0000
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
Farms
Use group
NURSERY, GREENHOUSE, FLORIST
Status
Off-Market
Year built
2021
Buildings
10
Stories
1
Total area
1,008 SF
Lot
20 ac (871,200 SF)
APN
0000-18-012-011-0-010-00
UPID
US69-2390193
Jurisdiction
OKFUSKEE
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
2021
Stories
1
Buildings
10
Lot
20 ac
Current owner
From public records · entity-resolved
Michael Gilstrap
Individual
Mailing address
383134 E 1040TH RD, OKEMAH, OK 74859-5303
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
$100,000
Michael Gilstrap
Thai Lee
Warranty Deed
$148,000 · First United Bank & Trust Co
Feb 2, 2021
—
Thai Lee
Hue Lee
Intrafamily Transfer
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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