Back to Search
Property profile & analytics
OFF-MARKET
Turn key restaurants
507 Speer St Dustin, OK 74839
Individually Owned
Free & Clear
Property ID
US69-1396130
Property summary
AI-generated overview
This exceptional 1,969 square foot commercial property, located at 507 Speer Street Unit 507 in Dustin, Oklahoma, presents a unique investment opportunity. Currently operating as a fully renovated diner, this turnkey business boasts seating for 50 patrons and a convenient drive-thru window, ensuring ease of service and maximizing customer flow. The property sits on a sizable 0.47-acre lot, providing ample parking across six individual lots. Recent upgrades include brand new HVAC units, updated ceiling fans, and a completely modernized ductwork system, enhancing both efficiency and comfort. For added security, the property is equipped with a comprehensive security camera system. The diner is available for sale either fully equipped with existing operational assets or as a vacant space, offering flexibility to prospective buyers. The property's versatility extends beyond its current use
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1952
Total area
840 SF
Lot
0.52 ac (22,820 SF)
APN
0305-00-055-006-0-004-01
UPID
US69-1396130
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
TRACY WADE
TRACY WADE
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Dustin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dustin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$383
Tax year 2023
Assessed value
$4,829
Assessed 2023
Previous assessed
$4,555
+6.0% YoY
Effective rate
7.93%
On assessed value
Assessed land
$323
Assessed improvement
$4,506
Land market value
$2,934
Improvement market value
$40,961
Total market value
$43,895
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1952
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
840 SF
Lot
0.52 ac (22,820 SF)
APN
0305-00-055-006-0-004-01
UPID
US69-1396130
Jurisdiction
HUGHES
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1952
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
TRACY WADE
Individual
Free & Clear · 0 yrs held
Mailing address
507 SPEER ST, DUSTIN, OK 74839
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 507 Speer St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
