Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    916 Oklahoma Blvd Alva, OK 73717-2628

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    916 Oklahoma Blvd Alva, OK 73717-2628

    View on Map
    • Retail space
    • 1,512 SF
    • 0.34 lot acres
    Off-Market
    Property ID
    US69-1896101
    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

    • Retail space

    Property Details for 916 Oklahoma Blvd

    Year built
    1980
    Lot size
    0.34 lot acres
    Property size
    1,512 SF
    Property type
    Retail space
    APN
    1245-00-008-013-0-000-UC
    APU
    1245000080130000UC

    Description

    This exceptional 1,512 square foot storefront, situated on Oklahoma Blvd in Alva, Oklahoma, presents a rare investment opportunity. Built in 1980, this well-maintained commercial building boasts a single story and sits on a spacious 15,000 square foot lot, providing ample parking across two lots. The property's permitted zoning is commercial, ensuring flexibility for various retail uses. Large front windows offer excellent display space for merchandise, maximizing visibility and attracting customers. The asking price is $170,000, translating to $112.43 per square foot. This turnkey operation is ideal for an entrepreneur seeking a thriving retail venture in a high-traffic area. The property's location on Oklahoma Blvd ensures significant foot and vehicle traffic, contributing to its strong potential for return on investment. The building's solid construction and well-maintained condition minimize immediate capital expenditure needs, allowing for a swift transition into ownership and operation. This is a unique chance to acquire a profitable and established business in a desirable location. The property's size and layout offer ample space for inventory and customer flow, enhancing the overall operational efficiency. Don't miss this chance to own a piece of Alva's thriving commercial landscape.

    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
    -98.6724
    Latitude
    36.798

    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
    $867
    $2,829
    $8,804
    $11,633
    -
    $24,600
    $76,553
    $101,153

    Comparable in this City

    • Value Estimation by Request
      832 SF

      5 Oklahoma Blvd

      RETAIL STORES (PERSONAL SERVICES) • 832 SF
      5 Oklahoma Blvd, Alva, OK 73717-2839
      View Details
    • Value Estimation by Request
      225 SF

      307 5th St

      RETAIL STORES (PERSONAL SERVICES) • 225 SF
      307 5th St, Alva, OK 73717-1605
      View Details
    • Value Estimation by Request
      7,415 SF

      409 College Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,415 SF
      409 College Ave, Alva, OK 73717-2233
      View Details
    • Value Estimation by Request
      2,450 SF

      407 Barnes Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,450 SF
      407 Barnes Ave, Alva, OK 73717-2201
      View Details
    • Value Estimation by Request
      4,620 SF

      530 Flynn St

      RETAIL STORES (PERSONAL SERVICES) • 4,620 SF
      530 Flynn St, Alva, OK 73717-2240
      View Details
    • Value Estimation by Request
      2,400 SF

      Alva, OK 73717

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      Alva, OK 73717
      View Details

    Similar Nearby for Sale

    • $270,000
      2,880 SF

      Turn-Key Commercial Property in Alva

      Commercial property with high visibility, suitable for restaurant, retail, or office.
      319 Oklahoma Blvd, Alva, OK 73717
      View Details
    • $130,000
      1,260 SF

      Commercial Building on Corner Lot

      Highway-adjacent commercial building suitable for retail or office use.
      4 Oklahoma Blvd, Alva, OK 73717
      View Details
    • $190,000
      14,936 SF

      Commercial Building in Alva, OK

      Commercial building with open floor plan in Alva, Oklahoma.
      310 College Ave, Alva, OK 73717
      View Details
    • $675,000

      Alva Car Wash and RV Parking

      Six-bay car wash and RV parking with full hookups.
      513 East Ok Blvd, Alva, OK 73717
      View Details
    • $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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    916 Oklahoma Blvd
    Alva, OK 73717-2628
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!