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    Property profile & analytics

    624 Eseco Rd Cushing, OK 74023

    • Manufacturing properties
    • 30,668 SF
    • 6.77 lot acres
    For Sale
    View listing
    $850,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0798265
    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

    • Manufacturing properties

    Property Details for 624 Eseco Rd

    Year built
    1974
    Lot size
    6.77 lot acres
    Property size
    30,668 SF
    Property type
    Manufacturing properties
    APN
    600003467
    APU
    600003467

    Description

    This exceptional 42,693 square foot industrial facility, situated on 6.77 acres in Cushing, Oklahoma, presents a unique redevelopment opportunity. Formerly the headquarters of ESECO Speedmaster, this property boasts a substantial 7,500 square foot office suite featuring executive offices, a conference room, ADA-compliant bathrooms, and a reception area. The warehouse space, totaling approximately 35,193 square feet, includes 14-22 foot ceilings and is equipped with 3-phase, 400Amp power, one dock-high door, and two grade-level doors. Built in 1974 with significant renovations in 2016, the building features durable red steel framing, thick concrete slabs, and BUR/PVC/TPO roofing. Zoned I-2 (Light Industrial), this property is ideally suited for various uses including oil and gas, manufacturing, or storage. Its strategic location, midway between Tulsa and Oklahoma City, offers easy access to major transportation routes and is adjacent to Cushing Municipal Airport. The property's robust infrastructure, coupled with Cushing's established position as a key player in the energy sector and the potential for significant future development, makes this a compelling investment prospect. The asking price is $850,000, and a 3-year lease term is available. The property consists of four buildings and five loading docks. The APN is 17N05E103CZ9990000510.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $570,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $896,000
      Market price range: $896k - $2.35M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cushing
    County
    Payne
    State
    Oklahoma
    Longitude
    -96.7639
    Latitude
    35.9575
    CBSA code
    44660
    CBSA name
    STILLWATER, 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
    $4,697
    $7,560
    $48,140
    $55,700
    -
    $66,320
    $422,280
    $488,600

    Comparable in this City

    • Value Estimation
      $825,000
      51,600 SF

      2101 Ave

      MANUFACTURING (LIGHT) • 51,600 SF
      2101 Ave, Cushing, OK 74023-5019
      View Details
    • Value Estimation
      $360,000
      6,050 SF

      720 Deep Rock Rd

      MANUFACTURING (LIGHT) • 6,050 SF
      720 Deep Rock Rd, Cushing, OK 74023-2029
      View Details
    • Value Estimation
      $255,000
      4,350 SF

      515 Harmony Rd

      MANUFACTURING (LIGHT) • 4,350 SF
      515 Harmony Rd, Cushing, OK 74023
      View Details
    • Value Estimation
      $270,000
      6,520 SF

      2304 Linwood Ave

      MANUFACTURING (LIGHT) • 6,520 SF
      2304 Linwood Ave, Cushing, OK 74023
      View Details
    • Value Estimation
      $310,000
      17,680 SF

      1125 Maitlen Dr

      MANUFACTURING (LIGHT) • 17,680 SF
      1125 Maitlen Dr, Cushing, OK 74023-2920
      View Details
    • Value Estimation
      $255,000
      1,800 SF

      2121 Edgewood Cir

      MANUFACTURING (LIGHT) • 1,800 SF
      2121 Edgewood Cir, Cushing, OK 74023-5713
      View Details

    Similar Nearby for Sale

    • $850,000
      42,693 SF

      Cushing Industrial Redevelopment Opportunity

      42,693 SF Industrial Building, 6.77 Acres
      624 Eseco Rd, Cushing, OK 74023
      View Details
    • $875,000
      29,200 SF

      Cushing Warehouse with Acreage

      29,200 SF warehouse on 5 acres in Cushing, OK.
      500 E 19Th St, Cushing, OK 74023
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    • $150,000
      10.70 Acres

      RV Park Potential Near Cushing

      10.7 acre property with RV sites near Cushing, Oklahoma.
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    • Contact for pricing
      3.00 Acres

      Cushing Land: 3-20 Acre Tracts

      Country Living near Cushing, Oklahoma
      346689 760 Rd, Cushing, OK 74023
      View Details
    • $199,000
      1,127 SF

      9321 Norfolk Rd, Cushing, OK 74023

      Investment properties • 1,127 SF
      9321 Norfolk Rd, Cushing, OK 74023
      View Details
    • $850,000
      42,736 SF

      Cushing Industrial Property

      Prime 42,736 SF Industrial Building
      624 Eseco Dr, Cushing, OK 74023
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      79,050 SF

      Warehouse Space in Cushing, Oklahoma

      79,050 square foot warehouse space available for lease.
      1200 N Maitlen Dr, Cushing, OK 74023
      View Details
    • $15 SF/Yr
      2,700 SF

      Former Walgreens with Drive Thru

      Freestanding retail building with drive-thru, available for sublease.
      1405 East Main St, Cushing, OK 74023
      View Details
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    624 Eseco Rd
    Cushing, OK 74023
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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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