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    Property profile & analytics

    5550 Us Hwy 59 Grove, OK 74344-3708

    • Turn key restaurants
    • 1,512 SF
    • 1.81 lot acres
    OFF-MARKET
    Value Estimation
    $285,000
    Last Sale
    Oct 06, 2021
    $285,000
    Location Intelligence
    Property ID
    US69-0829218
    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

    • Turn key restaurants

    Property Details for 5550 Us Hwy 59

    Lot size
    1.81 lot acres
    Property size
    1,512 SF
    Property type
    Turn key restaurants
    APN
    37145
    APU
    37145

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $315,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $280,000
      Retail
      $315,000
      Mixed-Use
      $245,000
      Hospitality
      $265,000
      Educational
      $250,000
      Residential Income
      $290,000
      Energy
      $290,000
      Income-Based Land
      $325,000
      Food Service
      $235,000

    Location Insight

    • Map
    • Local Demand
    City
    Grove
    County
    Delaware
    State
    Oklahoma
    Longitude
    -94.8041
    Latitude
    36.6123

    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
    $2,683
    $16,108
    $16,667
    $32,775
    -
    $140,067
    $144,933
    $285,000

    Comparable in this City

    • 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 by Request
      5,530 SF

      26301 655th Rd

      RESTAURANT • 5,530 SF
      26301 655th Rd, Grove, OK 74344-6299
      View Details
    • Value Estimation by Request
      1,620 SF

      7 3rd St

      RESTAURANT • 1,620 SF
      7 3rd St, Grove, OK 74344-7034
      View Details
    • Value Estimation
      $415,000
      3,640 SF

      6 3rd St

      RESTAURANT • 3,640 SF
      6 3rd St, Grove, OK 74344-7033
      View Details
    • Value Estimation
      $1,795,000
      4,125 SF

      2530 Main St

      RESTAURANT • 4,125 SF
      2530 Main St, Grove, OK 74344-5324
      View Details

    Similar Nearby for Sale

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    • $360,000
      1,740 SF

      Grove Commercial Building on Highway

      Commercial building with frontage on Hwy 59, suitable for various uses.
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      Large commercial building suitable for retail, office, or multifamily use.
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      Commercial Property with Extra Lot

      Commercial property in prime location with extra lot and parking.
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    Grove, OK 74344-3708
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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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