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    630 Center St Alva, OK 73717
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    Property profile & analytics

    630 Center St, Alva, OK 73717

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    • Commercial real estate
    • 1,300 SF
    Off-Market
    Property ID
    US69-2154007
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 630 Center St

    Year built
    1930
    Property type
    Commercial real estate

    Description

    This charming 1,300 square foot mixed-use building, located at 630 Center St, Alva, OK 73717, presents a unique investment opportunity. Built in 1930 and extensively renovated in 2015, this single-story property boasts elegant curb appeal and offers versatile space ideal for retail and office uses. The inviting front reception area leads to three additional rooms perfect for office spaces. The 2015 renovation included new flooring, HVAC systems, and crucial handicap accessibility upgrades. A spacious kitchen provides a convenient breakroom, and a sizable basement offers ample storage. The property includes a bathroom; however, the plumbing is currently capped. A $2,000 buyer allowance is offered for bathroom restoration, potentially allowing for the addition of a tub/shower. Priced at $148,000 ($113.85/sq ft), this property offers a blend of historic charm and modern functionality in a prime Alva location. The building's excellent condition and recent updates make it an attractive option for a variety of businesses seeking a well-maintained and accessible space. This is a rare opportunity to acquire a turn-key commercial property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alva
    County
    Woods
    State
    Oklahoma
    Longitude
    -98.6682769
    Latitude
    36.8028486

    Comparable in this City

    • $325,000
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      Alva, OK Commercial Building

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      Vacant Land in Alva, OK

      Vacant lot suitable for building or gardening in Alva.
      1321 Santa Fe St, Alva, OK 73717
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    • $147,000
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      49 Acres of Vacant Land

      Land divided into two tracts ideal for a variety of uses.
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    • $60,000
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      Residential Land in Alva, OK

      Vacant land suitable for residential development in Alva, Oklahoma.
      728 Hunt St, Alva, OK 73717
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    • $148,800
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      Residential Land in Alva, OK

      6.44 acres of land suitable for residential development.
      26-27N-14W, Alva, OK 73717
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    • $250,000
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      Versatile Commercial Property in Alva

      18.41 acre commercial property with multiple buildings in Alva.
      44794 Hughes Rd, Alva, OK 73717
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    Similar Nearby for Sale

    • $325,000
      8,000 SF

      Alva, OK Commercial Building

      8,000 sq ft commercial shop in Alva, Oklahoma.
      419 E Maple St, Alva, OK 73717
      View Details
    • Contact for pricing

      Vacant Land in Alva, OK

      Vacant lot suitable for building or gardening in Alva.
      1321 Santa Fe St, Alva, OK 73717
      View Details
    • $147,000
      49.00 Acres

      49 Acres of Vacant Land

      Land divided into two tracts ideal for a variety of uses.
      Alva, OK 73717
      View Details
    • $60,000
      0.64 Acres

      Residential Land in Alva, OK

      Vacant land suitable for residential development in Alva, Oklahoma.
      728 Hunt St, Alva, OK 73717
      View Details
    • $148,800
      6.44 Acres

      Residential Land in Alva, OK

      6.44 acres of land suitable for residential development.
      26-27N-14W, Alva, OK 73717
      View Details
    • $250,000
      18.41 Acres

      Versatile Commercial Property in Alva

      18.41 acre commercial property with multiple buildings in Alva.
      44794 Hughes Rd, Alva, OK 73717
      View Details
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    Alva, OK 73717
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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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