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    Property profile & analytics

    600 Shawnee Mall Dr Shawnee, OK 74804-1322

    • Drug stores
    • 2,072 SF
    OFF-MARKET
    Value Estimations
    $1,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1252182
    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

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • FedEx OnSite / Postal Service / Courier Service
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Walgreens / Pharmacy
    • Western Union / Bank / Credit Union

    Property Details for 600 Shawnee Mall Dr

    Year built
    2009
    Property size
    2,072 SF
    Property type
    Drug stores
    APN
    3436-00-00A-004-0-001-00
    APU
    34360000A004000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $988,000
      Market price range: $72.7k - $988k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $730,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Shawnee
    County
    Pottawatomie
    State
    Oklahoma
    Longitude
    -96.9293
    Latitude
    35.3863
    CBSA code
    43060
    CBSA name
    SHAWNEE, 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
    $31,141
    $60,000
    $211,380
    $271,380
    -
    $500,000
    $1,761,504
    $2,261,504

    Comparable in this City

    • Value Estimation by Request
      900 SF

      1020 Macarthur St

      RETAIL STORES (PERSONAL SERVICES) • 900 SF
      1020 Macarthur St, Shawnee, OK 74804-2224
      View Details
    • Value Estimation by Request
      580 SF

      434 Macarthur St

      RETAIL STORES (PERSONAL SERVICES) • 580 SF
      434 Macarthur St, Shawnee, OK 74804-1910
      View Details
    • Value Estimation
      $610,000
      5,358 SF

      14108 Acme Rd

      CONVENIENCE STORE • 5,358 SF
      14108 Acme Rd, Shawnee, OK 74804-9250
      View Details
    • Value Estimation
      $980,000
      10,660 SF

      1520 Harrison St

      RETAIL STORES (PERSONAL SERVICES) • 10,660 SF
      1520 Harrison St, Shawnee, OK 74804-4021
      View Details
    • Value Estimation
      $1,600,000
      1,624 SF

      3210 Kethley Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,624 SF
      3210 Kethley Rd, Shawnee, OK 74804-9625
      View Details
    • Value Estimation by Request
      2,292 SF

      Mcloud Rd

      CONVENIENCE STORE • 2,292 SF
      Mcloud Rd, Shawnee, OK 74804
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,810 SF

      Retail Space in Shawnee Mall

      13,821 SF retail space in high-traffic Shawnee Mall.
      4901 North Kickapoo Ave, Shawnee, OK 74804
      View Details
    • Contact for pricing
      23,500 SF

      Commercial Building with Warehouse Space

      23,500 SF building with 16,000 SF warehouse for sale.
      4900 N Union Ave, Shawnee, OK 74804
      View Details
    • $299,000
      4,230 SF

      Adaptable Commercial Space in Shawnee

      Corner lot with flexible space near commercial corridor.
      3803 North Bryan Ave, Shawnee, OK 74804
      View Details
    • $499,000
      1.25 Acres

      Shawnee Commercial Land Opportunity

      1.25 acre commercial tract near I-40 and Highway 102.
      4610 S Hwy 102 #1, Shawnee, OK 74804
      View Details
    • $205,000
      5,443 SF

      Shawnee Commercial Opportunity on Broadway

      Versatile commercial space ideal for retail or restaurant ventures.
      1525 N Broadway Ave, Shawnee, OK 74804
      View Details
    • $2,685,000
      3,968 SF

      McAlister's Deli Investment Opportunity

      Shawnee, OK: NNN Leased Restaurant
      4605 Kickapoo Ave, Shawnee, OK 74804
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,200 SF

      Retail Space Near Shawnee Mall

      Retail space for rent near Shawnee Mall and I-40.
      500 Shawnee Mall Dr, Shawnee, OK 74804
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Walmart

      Retail space available in high-visibility location near Walmart.
      4903 N Union Ave, Shawnee, OK 74804
      View Details
    • New
      $13 SF/Yr
      5,000 SF

      Retail Space in Shawnee, OK

      Retail space available in a high-traffic Shawnee location.
      2802-2818 N Kickapoo Ave, Shawnee, OK 74804
      View Details
    • $13 SF/Yr
      1,939 SF

      Retail Space Available For Lease

      Retail space available for lease, approximately 1939 square feet.
      2802 N Kickapoo St, Shawnee, OK 74804
      View Details
    • Contact for pricing
      5,500 SF

      Retail Space on Independence Street

      Retail spaces available in Shawnee, Oklahoma shopping center.
      701-749 E Independence St, Shawnee, OK 74804
      View Details
    • Contact for pricing

      Retail Space Anchored by Homeland

      Retail space available for ground lease anchored by Homeland.
      1500 N Kickapoo Ave, Shawnee, OK 74804
      View Details
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    Shawnee, OK 74804-1322
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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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