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    Property profile & analytics

    702 Carl Hubbell Blvd Meeker, OK 74855

    • Office buildings
    • 150 SF
    • 0.08 lot acres
    For Sale
    View listing
    $199,900
    Last Sale
    Dec 19, 2023
    $80,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0532564
    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

    • Oklahoma Medicine, LLC / Medical Equipment Manufacturer

    Property Details for 702 Carl Hubbell Blvd

    Year built
    1923
    Lot size
    0.08 lot acres
    Property size
    150 SF
    Property type
    Office buildings
    APN
    4500-00-004-023-0-000-00
    APU
    450000004023000000

    Description

    This meticulously remodeled 2,500 square foot commercial building, situated on a 0.08-acre lot in downtown Meeker, Oklahoma, presents a unique investment opportunity. Previously operating as various restaurants and food manufacturing facilities, this property boasts significant recent upgrades. The electrical system has been substantially enhanced to accommodate high-power demands, making it suitable for a wide range of businesses. Security is a key feature, with gated access at both the front and rear, ideal for specialized manufacturing or storage needs. The interior is exceptionally clean and well-maintained, ready for immediate occupancy. A substantial amount of commercial kitchen equipment is included in the sale, significantly reducing start-up costs. This inventory includes a walk-in refrigerator, a comprehensive security system, rear loading equipment, vent hoods, cooking surfaces, ample shelving, tables, and cash registers. The building's location in the heart of Meeker offers excellent visibility and accessibility. This turnkey operation is an exceptional value at $199,900 and represents a rare chance to acquire a fully equipped and modernized commercial space. The property's versatility and extensive upgrades make it an attractive prospect for a variety of commercial ventures. Don't miss this opportunity to own a move-in ready commercial building in a thriving Oklahoma community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $120,000
      ML approach
      $145,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $149,000
      Market price range: $77.5k - $171k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $110,000
      Current use
      RETAIL STORES
      $115,000
      Change: +2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Meeker
    County
    Lincoln
    State
    Oklahoma
    Longitude
    -96.903
    Latitude
    35.5035
    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
    2022
    $846
    $797
    $9,747
    $10,544
    -
    $7,245
    $88,608
    $95,853

    Comparable in this City

    • Value Estimation
      $305,000
      150 SF

      340905 1020th Rd

      OFFICE BUILDING • 150 SF
      340905 1020th Rd, Meeker, OK 74855-9171
      View Details
    • Value Estimation
      $335,000
      150 SF

      Meeker, OK 74855

      OFFICE BUILDING • 150 SF
      Meeker, OK 74855
      View Details
    • Value Estimation
      $250,000
      175 SF

      124 Carl Hubbell Blvd

      OFFICE BUILDING • 175 SF
      124 Carl Hubbell Blvd, Meeker, OK 74855-9162
      View Details
    • Value Estimation
      $100,000
      150 SF

      317 Dawson St

      OFFICE BUILDING • 150 SF
      317 Dawson St, Meeker, OK 74855
      View Details
    • Value Estimation
      $320,000
      150 SF

      106862 Hwy 18

      OFFICE BUILDING • 150 SF
      106862 Hwy 18, Meeker, OK 74855-5660
      View Details
    • Value Estimation
      $270,000
      200 SF

      700 Carl Hubbell Blvd

      OFFICE BUILDING • 200 SF
      700 Carl Hubbell Blvd, Meeker, OK 74855
      View Details

    Similar Nearby for Sale

    • $67,500
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      Prime Meeker Office Building

      High-potential commercial space on Hwy 62
      620 Carl Hubbell Blvd, Meeker, OK 74855
      View Details
    • $199,900
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      Meeker Commercial Building - Ready to Go!

      Downtown Meeker Restaurant/Manufacturing Space
      702 Carl Hubbell Blvd, Meeker, OK 74855
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    • $125,000
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      Meeker, OK Multi-Building Investment

      Three buildings, high potential, $125,000.
      606 Carl Hubbell Main Blvd, Meeker, OK 74855
      View Details
    • $960,000
      80.00 Acres

      80 Acres of Farmland

      80-acre parcel suitable for farming, cattle, development, or residential use.
      0080 Bryan Rd, Meeker, OK 74855
      View Details
    • $1,450,000
      340.00 Acres

      Oklahoma Ranch for Hunting, Recreation

      340-acre ranch in Sallisaw, OK, ideal for hunting and recreation.
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    • $480,000
      40.00 Acres

      Meeker, OK Farmland Opportunity

      40-acre tract suitable for farming, cattle, or building a home.
      10400 Acres Tract #1 Rd, Meeker, OK 74855
      View Details
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    702 Carl Hubbell Blvd
    Meeker, OK 74855
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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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