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    Property profile & analytics

    500 Main St Grove, OK 74344-3439

    • Turn key restaurants
    • 3,184 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    $420,000
    Location Intelligence
    Property ID
    US69-1590532
    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

    • Drake's Restaurant / American Restaurant

    Property Details for 500 Main St

    Year built
    1980
    Construction
    FRAME
    Lot size
    1.00 lot acres
    Property size
    3,184 SF
    Property type
    Turn key restaurants
    APN
    39517
    APU
    39517

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grove
    County
    Delaware
    State
    Oklahoma
    Longitude
    -94.7696
    Latitude
    36.5912

    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
    $2,320
    $6,771
    $21,563
    $28,334
    -
    $58,875
    $208,343
    $267,218

    Comparable in this City

    • Value Estimation
      $285,000
      1,512 SF

      5550 Us Hwy 59

      RESTAURANT • 1,512 SF
      5550 Us Hwy 59, Grove, OK 74344-3708
      View Details
    • Value Estimation
      $400,000
      4,465 SF

      Grove, OK 74344

      RESTAURANT • 4,465 SF
      Grove, OK 74344
      View Details
    • Value Estimation
      $375,000
      5,981 SF

      Grove, OK 74344

      RESTAURANT • 5,981 SF
      Grove, OK 74344
      View Details
    • Value Estimation
      $525,000
      2,364 SF

      10009 Us Hwy 59

      RESTAURANT • 2,364 SF
      10009 Us Hwy 59, Grove, OK 74344-4506
      View Details
    • Value Estimation
      $455,000
      2,150 SF

      Grove, OK 74344

      RESTAURANT • 2,150 SF
      Grove, OK 74344
      View Details
    • Value Estimation by Request
      5,530 SF

      26301 655th Rd

      RESTAURANT • 5,530 SF
      26301 655th Rd, Grove, OK 74344-6299
      View Details

    Similar Nearby for Sale

    • $360,000
      1,740 SF

      Grove Commercial Building on Highway

      Commercial building with frontage on Hwy 59, suitable for various uses.
      310 E 3Rd St, Grove, OK 74344
      View Details
    • $199,000
      2,564 SF

      Commercial Property in Grove, OK

      Bar/Restaurant property with ample space and business potential.
      26601 S 655 Rd, Grove, OK 74344
      View Details
    • $425,000
      6,400 SF

      Main Street Commercial Property, Grove OK

      Exceptional commercial property on Main Street in Grove, Oklahoma.
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    • $349,900
      8,640 SF

      Versatile Mixed-Use Building in Grove

      Large commercial building suitable for retail, office, or multifamily use.
      131 Cozy Dr, Grove, OK 74344
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    • $169,000
      1,104 SF

      Commercial Property with Extra Lot

      Commercial property in prime location with extra lot and parking.
      403 S Center St, Grove, OK 74344
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    • $198,600
      0.30 Acres

      Established Auto Shop Near Waterfront

      Thriving auto shop near the water's edge in Grove, OK.
      60930 E 245 Pl, Grove, OK 74344
      View Details
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    500 Main St
    Grove, OK 74344-3439
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    Realmo Value Estimation

    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.

    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.

    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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