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    6534 36th St Bethany, OK 73008-3419
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    Property profile & analytics

    6534 36th St, Bethany, OK 73008-3419

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    • Retail space
    • 3,250 SF
    • 0.32 lot acres
    Off-Market
    Last Sale Sep 22, 2023
    $582,500
    Property ID
    US69-0637917
    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
    $575,000
    Show details
    Cap Rate Potential
    5.4%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Denali Cannabis / (Bike/Boat/Book/etc) Store
    • Ezay Leaf Dispensary / Pharmacy

    Property Details for 6534 36th St

    Year built
    1972
    Construction
    METAL FRAME
    Lot size
    0.32 lot acres
    Property type
    Retail space
    APN
    17-274-0130
    APU
    172740130

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 22, 2023 $582,500 6530 Holdings Avery Grace LLC Warranty Deed —
    Jan 24, 2020 $175,000 Avery Grace LLC John D Thephachanh Warranty Deed —
    Jan 28, 2019 $100,000 John D Thephachanh Ingly,makram I Warranty Deed —

    Description

    This exceptional 2,250-square-foot retail storefront, located at 6534 NW 36th St in Bethany, Oklahoma, presents a unique investment opportunity. The single-tenant space, situated on a 14,177-square-foot lot, boasts a prime location with high visibility and accessibility. Previously a high-traffic dispensary, the property benefits from its established customer base and convenient access to major thoroughfares. Built in 1972 and extensively renovated in 2020, the building is in excellent condition and ready for immediate occupancy. The property's zoning is commercial, allowing for a wide range of retail uses. Its strategic location offers easy access to significant demand drivers, including Southern Nazarene University and The Children's Center Rehabilitation Hospital. Furthermore, the property is within close proximity to major retailers along US Route 66/NW 39th Expressway, such as CVS and McDonald's, ensuring high foot traffic and brand visibility. The surrounding area boasts strong demographics, with over 174,000 residents within a five-mile radius, exhibiting an average household income exceeding $69,000 and a combined consumer spending total of over $2.04 billion. This presents a compelling opportunity for businesses seeking a well-established location with significant growth potential within a thriving community. The property is a single-story building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $635,000
      ML approach
      $610,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $570,000
      6.5%
      $530,000
      7%
      $490,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $526,000
      Market price range: $216k - $681k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $415,000
      Current use
      MEDICAL BUILDING
      $535,000
      Change: +29% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $515,000
      Change: +24% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $380,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethany
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6275
    Latitude
    35.5075
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN 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
    $4,679
    $3,465
    $34,557
    $38,022
    -
    $31,500
    $314,159
    $345,659

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      RETAIL STORES (PERSONAL SERVICES)
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      View Details

    Similar Nearby for Sale

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      2,530 SF

      Bethany Retail Property on Route 66

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      Retail or commercial property for sale in Bethany, Oklahoma.
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      55,884 SF

      Former AT&T Office Contact Center

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    Similar Nearby for Lease

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      Retail Space in High-Traffic Area

      Retail space with natural light in a visible, central location.
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      1,020 SF

      Retail Center Space For Rent

      Retail center space available for lease near Wiley Post Airport.
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      Renovated Office Space Available

      Recently renovated office space in a historically zoned location.
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      1,200 SF

      Former Convenience Store on Corner

      Former convenience store available for lease on a prime corner.
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      Bethany Retail Space Available

      Retail space available for lease in Bethany, Oklahoma.
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      View Details
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    Bethany, OK 73008-3419
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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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