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    Property profile & analytics

    505 Main St Yukon, OK 73099-2244

    • Turn key restaurants
    • 2,068 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Mar 29, 2022
    $350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0427866
    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

    • Casa Perico Mexican Grille / Restaurant
    • Yukon Tree Service / Landscaping / General Contractor

    Property Details for 505 Main St

    Year built
    1974
    Lot size
    0.34 lot acres
    Property size
    2,068 SF
    Property type
    Turn key restaurants
    APN
    90014919
    APU
    90014919

    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
    Yukon
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.7343
    Latitude
    35.5082
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN 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
    $2,895
    $8,511
    $18,214
    $26,725
    -
    $70,924
    $151,784
    $222,708

    Comparable in this City

    • Value Estimation
      $3,325,000
      7,211 SF

      12320 10th St

      RESTAURANT • 7,211 SF
      12320 10th St, Yukon, OK 73099-5811
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    • Value Estimation by Request
      2,250 SF

      629 Main St

      RESTAURANT • 2,250 SF
      629 Main St, Yukon, OK 73099-1035
      View Details
    • Value Estimation
      $1,635,000
      12,446 SF

      2101 Westbury Dr

      RESTAURANT • 12,446 SF
      2101 Westbury Dr, Yukon, OK 73099-8991
      View Details
    • Value Estimation by Request
      3,240 SF

      1621 Garth Brks Blvd

      RESTAURANT • 3,240 SF
      1621 Garth Brks Blvd, Yukon, OK 73099-6386
      View Details
    • Value Estimation by Request
      4,796 SF

      11312 Westmark Dr

      RESTAURANT • 4,796 SF
      11312 Westmark Dr, Yukon, OK 73099-7600
      View Details
    • Value Estimation by Request
      4,756 SF

      405 Mustang Rd

      RESTAURANT • 4,756 SF
      405 Mustang Rd, Yukon, OK 73099-5133
      View Details

    Similar Nearby for Sale

    • $5,750,000
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      Yukon Commercial Center Investment

      Prime Yukon location, high growth area.
      1010 Garth Brooks Blvd, Yukon, OK 73099
      View Details
    • $68,900
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      Residential Land in Established Neighborhood

      Residential land for sale in Yukon, OK, near amenities.
      13209 N Brampton Way, Yukon, OK 73099
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    • $269,900
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      Yukon Commercial Property: Prime Location

      Versatile 2,275 sq ft building, 5-acre lot.
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      Yukon Retail Suite for Lease

      High-traffic location, ready-to-occupy suite.
      12404 Mustang Rd, Yukon, OK 73099
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    • $420,789
      1.61 Acres

      Yukon Commercial Land - 1.61 Acres

      Prime Yukon location, 1.61 acres, zoned C-3.
      Near S.E. Corner of Reno Avenue & Mustang Road, Yukon, OK 73099
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    • $595,900
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      Yukon Commercial Land: 1.71 Acres

      Prime Yukon commercial land, I-40 visibility. Excellent development opportunity.
      200 Pointe Parkway Boulevard, Yukon, OK 73099
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      3,389 SF

      Route 66 Retail Opportunity

      Freestanding retail building on historic Route 66 with high visibility.
      8 E Main St, Yukon, OK 73099
      View Details
    • Contact for pricing
      1,046 SF

      Retail Space on NW Expressway

      Endcap retail space suitable for restaurant or cafe use.
      12221 Ashford Dr, Yukon, OK 73099
      View Details
    • Contact for pricing
      7,500 SF

      Retail Space in Growing Yukon

      Retail space available in a recently updated Yukon shopping center.
      1091 Cornwell Dr, Yukon, OK 73099
      View Details
    • $22 SF/Yr
      1,080 SF

      Retail Space in Yukon Center

      Retail space available in Sprouts-anchored shopping center in Yukon, OK.
      1036 W Vandament Ave, Yukon, OK 73099
      View Details
    • Contact for pricing
      2,738 SF

      Retail Space in Updated Center

      Retail space available in recently updated Yukon shopping center.
      1203 Cornwell Dr, Yukon, OK 73099
      View Details
    • Contact for pricing
      17,618 SF

      Yukon Retail Space For Lease

      Prime Yukon retail space available.
      3100 Mustang Rd, Yukon, OK 73099
      View Details
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    505 Main St
    Yukon, OK 73099-2244
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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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