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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    501 Mississippi Ave Ada, OK 74820-7841

    • Individual retail properties
    • 3,774 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    May 21, 2021
    $475,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1470962
    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

    • KFC / Chicken Restaurant / Fast Food Restaurant
    • Ada Transportation Services / Transportation Service
    • Maldonado Juan / Lawyer

    Property Details for 501 Mississippi Ave

    Year built
    2006
    Lot size
    0.28 lot acres
    Property size
    3,774 SF
    Property type
    Individual retail properties
    APN
    0095-00-013-001-0-000-00
    APU
    9500013001000000

    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
    Ada
    County
    Pontotoc
    State
    Oklahoma
    Longitude
    -96.6702
    Latitude
    34.7699
    CBSA code
    10220
    CBSA name
    ADA, OK MICROPOLITAN STATISTICAL AREA

    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
    $4,952
    $14,400
    $33,600
    $48,000
    -
    $120,000
    $280,000
    $400,000

    Comparable in this City

    • Value Estimation by Request
      894 SF

      601 9th St

      BARBER, HAIR SALON • 894 SF
      601 9th St, Ada, OK 74820-5218
      View Details
    • Value Estimation by Request
      1,100 SF

      315 Mississippi Ave

      LAUNDROMAT (SELF-SERVICE) • 1,100 SF
      315 Mississippi Ave, Ada, OK 74820-5238
      View Details
    • Value Estimation by Request
      5,000 SF

      601 16th St

      LAUNDROMAT (SELF-SERVICE) • 5,000 SF
      601 16th St, Ada, OK 74820-7815
      View Details
    • Value Estimation by Request
      2,325 SF

      330 Johnston St

      LAUNDROMAT (SELF-SERVICE) • 2,325 SF
      330 Johnston St, Ada, OK 74820-6330
      View Details
    • Value Estimation by Request
      837 SF

      117 Johnston St

      BARBER, HAIR SALON • 837 SF
      117 Johnston St, Ada, OK 74820-4846
      View Details
    • Value Estimation by Request
      3,500 SF

      321 12th St

      LAUNDROMAT (SELF-SERVICE) • 3,500 SF
      321 12th St, Ada, OK 74820-6405
      View Details

    Similar Nearby for Sale

    • $675,000
      8,270 SF

      JD's Cafe: Ada, OK Restaurant

      Prime Ada restaurant, 8,270 sq ft, 2.37 acres.
      911 Broadway Ave, Ada, OK 74820
      View Details
    • $2,560,000
      2,500 SF

      New Freddy's NNN Lease

      New construction Freddy's with 20-year absolute NNN lease.
      1000 Lonnie Abbott Blvd, Ada, OK 74820
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    • $400,000
      1.72 Acres

      Ada, OK Mixed-Use Opportunity

      High-traffic location suitable for restaurant, office, or mixed-use retail.
      14230 County Road 1560, Ada, OK 74820
      View Details
    • $3,980,165
      4,858 SF

      Ada, OK NNN Restaurant

      NNN leased Applebee's with over 7 years remaining.
      1220 N Mississippi Ave, Ada, OK 74820
      View Details
    • $325,000
      3.44 Acres

      Ada Multifamily Development Land

      3.44 Acres near ECU; R-1 Zoning
      815 Stadium Dr, Ada, OK 74820
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    • $515,000
      8,347 SF

      Ada Mixed-Use Commercial Property

      Thriving Business Location, High Visibility
      401 Broadway, Ada, OK 74820
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    Similar Nearby for Lease

    • Contact for pricing
      1,702 SF

      Retail Space in North Hills

      Retail spaces available in a busy shopping center.
      1200 N Hills Shopping Ctr, Ada, OK 74820
      View Details
    • Contact for pricing
      65,220 SF

      Industrial Building on 17 Acres

      65,220 SF industrial building suitable for manufacturing or production.
      1205 Cradduck Rd, Ada, OK 74820
      View Details
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    501 Mississippi Ave
    Ada, OK 74820-7841
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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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