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    414 Wilson St Vinita, OK 74301-2433
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    Property profile & analytics

    414 Wilson St Vinita, OK 74301-2433

    View on Map
    • Strip malls
    • 3,960 SF
    • 0.24 lot acres
    Off-Market
    Property ID
    US69-0779187
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 414 Wilson St

    Year built
    2002
    Lot size
    0.24 lot acres
    Property size
    3,960 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1001-00-025-011-0-002-00
    APU
    100100025011000200

    Description

    This exceptional commercial land parcel, located at 414 N. Wilson in Vinita, Oklahoma, presents a unique investment opportunity. Priced at $2,000,000, this 0 square foot lot offers significant potential for development. Situated in Craig County (county code 40035), with a convenient Vinita, OK 74301 zip code, the property boasts an ideal location with excellent visibility and accessibility. The latitude and longitude coordinates are 36.6440056, -95.1509902, allowing for easy location verification and mapping. The property is classified as commercial land and is ready for your vision. This blank canvas allows for the development of a wide range of commercial projects, catering to the needs of the local community and beyond. Its strategic location within Vinita offers access to established infrastructure and a growing market. The absence of existing structures provides complete design flexibility, allowing for a tailored development to meet specific business requirements. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving Oklahoma town. Serious inquiries are encouraged to explore the possibilities this property offers. The property is zoned for commercial use. Further details regarding zoning regulations and development possibilities are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Vinita
    County
    Craig
    State
    Oklahoma
    Longitude
    -95.151
    Latitude
    36.644

    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
    $2,888
    $2,415
    $31,207
    $33,622
    -
    $21,000
    $271,362
    $292,362

    Comparable in this City

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      6,800 SF

      216 7th St

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      216 7th St, Vinita, OK 74301-3742
      View Details
    • Value Estimation by Request
      3,760 SF

      Ketchum Ave Ketchum

      SHOPPING CENTER, STRIP CENTER • 3,760 SF
      Ketchum Ave Ketchum, Vinita, OK 74301
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    • Value Estimation by Request
      2,850 SF

      310 Illinois Ave

      SHOPPING CENTER, STRIP CENTER • 2,850 SF
      310 Illinois Ave, Vinita, OK 74301-3200
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    • Value Estimation by Request
      6,480 SF

      429 Illinois Ave

      SHOPPING CENTER, STRIP CENTER • 6,480 SF
      429 Illinois Ave, Vinita, OK 74301-3237
      View Details
    • Value Estimation
      $935,000
      8,400 SF

      326 Illinois Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 8,400 SF
      326 Illinois Ave, Vinita, OK 74301-3236
      View Details
    • Value Estimation
      $3,885,000
      108,748 SF

      268 7th St

      WHOLESALE OUTLET, DISCOUNT STORE • 108,748 SF
      268 7th St, Vinita, OK 74301-3737
      View Details

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    Vinita, OK 74301-2433
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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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