Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    406 Highway 66, OK

    • Warehouses
    • 1,920 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1880781
    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

    • Warehouses

    Property Details for 406 Highway

    Year built
    1925
    Property size
    1,920 SF
    Property type
    Warehouses
    APN
    I010-00-005-001-0-002-00
    APU
    I01000005001000200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    66
    County
    Washita
    State
    Oklahoma
    Longitude
    -99.2808
    Latitude
    35.4217

    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
    $66
    $308
    $521
    $829
    -
    $5,175
    $13,677
    $18,852

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      304 Highway

      WAREHOUSE, STORAGE • 1,200 SF
      304 Highway, 44, OK
      View Details
    • Value Estimation by Request
      1,200 SF

      Rural Wford, OK

      WAREHOUSE, STORAGE • 1,200 SF
      Rural Wford, OK
      View Details
    • Value Estimation
      $2,050,000
      34,408 SF

      S

      WAREHOUSE, STORAGE • 34,408 SF
      S, Oak St, OK
      View Details
    • Value Estimation
      $995,000
      12,880 SF

      W

      WAREHOUSE, STORAGE • 12,880 SF
      W, Reno Ave, OK
      View Details
    • Value Estimation by Request
      2,300 SF

      Meridian Rd, OK

      MINI-WAREHOUSE, STORAGE • 2,300 SF
      Meridian Rd, OK
      View Details
    • Value Estimation by Request
      1,200 SF

      1207s24e3012, OK

      WAREHOUSE, STORAGE • 1,200 SF
      1207s24e3012, OK
      View Details

    Similar Nearby for Sale

    • $749,500
      2,745 SF

      Updated Industrial Property on 7.47 Acres

      7.47-acre industrial property with updated 2,745 SF building.
      1501 Ok-9, Blanchard, OK
      View Details
    • $500,000
      6,900 SF

      New Warehouse with Office Space

      6900 Sq Ft new warehouse with office and shop.
      13441 Us Hwy, Arnett, OK
      View Details
    • $8,410,015
      97,204 SF

      Tulsa Warehouse/Distribution NNN Leased Asset

      NNN leased warehouse/distribution asset with long-term tenant in Tulsa.
      1111 N 161 Ave E, Tulsa, OK
      View Details
    • $2,450,000
      33,750 SF

      Renovated Industrial Buildings with Yard

      Two industrial buildings totaling 33,750 SF with large yard.
      1309 N Front St, Dewey, OK
      View Details
    • $449,000
      5,200 SF

      Weatherford Industrial/Flex Space Opportunity

      5,200 SF industrial/flex building in Weatherford, Oklahoma for sale.
      10121 Ok-54, Weatherford, OK
      View Details
    • $2,110,000
      21,078 SF

      Tulsa Warehouse with Drive-In Doors

      21,078 SF warehouse with multiple drive-in doors.
      1525 N 105 Ave E, Tulsa, OK
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      6,844 SF

      New Industrial Building For Lease

      New industrial building in Legends Business Park, Oklahoma City.
      12501 Wecoty Way, Oklahoma City, OK
      View Details
    • $11 SF/Yr
      12,000 SF

      Edmond Industrial/Flex Building For Rent

      Industrial/flex building in Edmond with office and warehouse space.
      304 NE 145 Pl, Edmond, OK
      View Details
    • Contact for pricing
      2,960 SF

      Versatile Commercial Space Near Lawton

      Adaptable commercial building with showroom, office, and warehouse space.
      22972 Ok-58, Lawton, OK
      View Details
    • Contact for pricing
      207,792 SF

      Industrial Buildings Under Construction

      Two industrial buildings under construction with flexible space and features.
      4575 N 125 Ave E, Tulsa, OK
      View Details
    • $2.00 SF/Yr
      240,000 SF

      Anadarko Warehouse with Expansion Potential

      240,000 sq ft warehouse on 8 acres, expansion possible.
      1617 Industrial Rd, Anadarko, OK
      View Details
    • Contact for pricing
      449,280 SF

      Industrial Buildings Under Construction

      Two industrial buildings under construction, 34,600 to 449,280 square feet.
      4315 N 125 Ave E, Tulsa, OK
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    406 Highway
    66, OK
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.