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    418 S Muskogee Ave Tahlequah, OK 74464
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    418 S Muskogee Ave, Tahlequah, OK 74464

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    • Commercial real estate
    • 3,632 SF
    • 0.24 lot acres
    For Sale
    $315,000
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    Tahlequah Triplex: Income Potential For Sale
    $315,000
    3,632 SF

    Tahlequah Triplex: Income Potential

    Versatile triplex in central location with immediate income potential.

    418 S Muskogee Avenue, Tahlequah, OK 74464
    View Listing
    Property ID
    US69-0934430
    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

    • Commercial real estate

    Property Details for 418 S Muskogee Ave

    Year built
    1906
    Lot size
    0.24 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional three-unit property, situated at 418 S Muskogee Avenue Unit 418 in Tahlequah, Oklahoma, presents a compelling investment opportunity. Boasting a substantial 3,632 square feet on a 0.24-acre lot, this triplex offers immediate income generation. Its central location within Tahlequah provides easy access to local amenities, shops, restaurants, and entertainment venues, making it highly attractive to both short-term and long-term renters. Currently configured for short-term rentals and Airbnb, the property has a proven history of successful occupancy and revenue generation. Each of the three units is move-in ready, eliminating the need for extensive renovations or repairs before generating rental income. While the property has demonstrated strong performance, there remains potential for further profitability enhancement through strategic management and improvements. This turnkey investment is ideal for those seeking a stable and immediately profitable real estate venture. The property's established rental history and central location combine to create a low-risk, high-reward opportunity in the thriving Tahlequah market. The asking price is $364,000. This is a rare chance to acquire a well-positioned, income-producing property in a desirable location.

    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
    Tahlequah
    County
    Cherokee
    State
    Oklahoma
    Longitude
    -94.97307
    Latitude
    35.90973

    Comparable in this City

    • Contact for pricing

      Prime Commercial Land For Sale

      1.69 acre commercial property in a busy area.
      1700 Stick Ross Mountain Rd, Tahlequah, OK 74464
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      1,456 SF

      15693 Hwy 10, Tahlequah, OK 74464

      Resorts
      15693 Highway 10, Tahlequah, OK 74464
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    • $2,451,405
      590.00 Acres

      590 Acres Hunting Land

      Hunting property with Illinois River frontage near Tahlequah, Oklahoma.
      0000 Chewey Rd, Tahlequah, OK 74464
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    • $500,000
      0.33 Acres

      Commercial Land in Tahlequah, OK

      0.33+/- acre lot with road frontage and city utilities.
      305 Mimosa Ln, Tahlequah, OK 74464
      View Details
    • $49,900
      0.50 Acres

      Residential Land in Gated Community

      Land with views in a premier gated community.
      718 Ridgeview Dr, Tahlequah, OK 74464
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    Similar Nearby for Sale

    • Contact for pricing

      Prime Commercial Land For Sale

      1.69 acre commercial property in a busy area.
      1700 Stick Ross Mountain Rd, Tahlequah, OK 74464
      View Details
    • Contact for pricing
      1,456 SF

      15693 Hwy 10, Tahlequah, OK 74464

      Resorts
      15693 Highway 10, Tahlequah, OK 74464
      View Details
    • $2,451,405
      590.00 Acres

      590 Acres Hunting Land

      Hunting property with Illinois River frontage near Tahlequah, Oklahoma.
      0000 Chewey Rd, Tahlequah, OK 74464
      View Details
    • $500,000
      0.33 Acres

      Commercial Land in Tahlequah, OK

      0.33+/- acre lot with road frontage and city utilities.
      305 Mimosa Ln, Tahlequah, OK 74464
      View Details
    • $49,900
      0.50 Acres

      Residential Land in Gated Community

      Land with views in a premier gated community.
      718 Ridgeview Dr, Tahlequah, OK 74464
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Space Available

      High visibility retail space with ample parking and signage.
      1909 S Muskogee Ave, Tahlequah, OK 74464
      View Details
    • Contact for pricing
      1,280 SF

      Retail Space Near Walmart

      Retail space shadow-anchored by Walmart Supercenter in Tahlequah, OK.
      409 Daisy Dr, Tahlequah, OK 74464
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space Near Walmart

      Retail space shadow-anchored by Walmart Supercenter in Tahlequah, OK.
      403 Daisy Dr, Tahlequah, OK 74464
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Walmart

      Retail space shadow-anchored by Walmart Supercenter.
      407 Daisy Dr, Tahlequah, OK 74464
      View Details
    • Contact for pricing
      1,300 SF

      Turnkey Restaurant on Highway 82

      Turnkey QSR for lease on HWY 82 in Tahlequah.
      3430 S Muskogee Ave, Tahlequah, OK 74464
      View Details
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    Tahlequah, OK 74464
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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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