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

    937 59th St Oklahoma City, OK 73109-4901

    • Turn key restaurants
    • 3,388 SF
    • 0.49 lot acres
    OFF-MARKET
    Last Sale
    May 29, 2024
    $300,000
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0204093
    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

    • Chimex Express / Chinese Restaurant

    Property Details for 937 59th St

    Year built
    1960
    Construction
    BRICK
    Lot size
    0.49 lot acres
    Property size
    3,388 SF
    Property type
    Turn key restaurants
    APN
    08-568-5100
    APU
    85685100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $300,000
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $326,000
      Market price range: $227k - $492k

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.532
    Latitude
    35.4065
    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
    $4,502
    $7,843
    $30,206
    $38,049
    -
    $72,324
    $278,533
    $350,857

    Comparable in this City

    • Value Estimation
      $280,000
      1,672 SF

      2812 Western Ave

      RESTAURANT • 1,672 SF
      2812 Western Ave, Oklahoma City, OK 73109-2106
      View Details
    • Value Estimation
      $55,000
      752 SF

      5501 Western Ave

      RESTAURANT • 752 SF
      5501 Western Ave, Oklahoma City, OK 73109-4510
      View Details
    • Value Estimation
      $345,000
      2,424 SF

      5612 Western Ave

      RESTAURANT • 2,424 SF
      5612 Western Ave, Oklahoma City, OK 73109-4513
      View Details
    • Value Estimation
      $350,000
      3,950 SF

      3701 Western Ave

      RESTAURANT • 3,950 SF
      3701 Western Ave, Oklahoma City, OK 73109-3401
      View Details
    • Value Estimation
      $290,000
      2,200 SF

      829 Grand Blvd

      RESTAURANT • 2,200 SF
      829 Grand Blvd, Oklahoma City, OK 73109-2428
      View Details
    • Value Estimation
      $260,000
      2,178 SF

      4221 Robinson Ave

      RESTAURANT • 2,178 SF
      4221 Robinson Ave, Oklahoma City, OK 73109-7236
      View Details

    Similar Nearby for Sale

    • $210,000
      3,500 SF

      Capitol Hill Restaurant/Bar Opportunity

      Oklahoma City eatery, 3,500 sq ft, $210,000
      2608 Harvey Ave, Oklahoma City, OK 73109
      View Details
    • Contact for pricing
      6,832 SF

      Historic Capitol Hill Restaurant/Bar

      Oklahoma City gem: 6,832 SF, multi-tenant potential.
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    • $547,200
      9,120 SF

      Capitol Hill Restaurant & Bar

      Prime OKC location, 9,120 SF, high potential.
      2604 Harvey Ave, Oklahoma City, OK 73109
      View Details
    • $8,320,786
      50,326 SF

      4106 Western Ave

      Individual retail properties • 50,326 SF
      4106 Western Ave, Oklahoma City, OK 73109
      View Details
    • $199,900
      2,286 SF

      Commercial Building on Corner Lot

      Stand-alone commercial building ideal for retail or repair services.
      1101 SW 44Th St, Oklahoma City, OK 73109
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    • $595,000
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      Prime Commercial Property For Sale

      Commercial property in a high-demand area of Oklahoma City.
      111 SW 29Th St, Oklahoma City, OK 73109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,500 SF

      Capitol Hill Executive Office Space

      Prime Capitol Hill location, 3,500 sq ft.
      2608 Harvey Ave, Oklahoma City, OK 73109
      View Details
    • Contact for pricing
      49,638 SF

      Retail Space on May Avenue

      Retail property with high traffic and established co-tenants.
      3000 NW 59Th St, Oklahoma City, OK 73109
      View Details
    • $21 SF/Yr
      27,000 SF

      Retail Space Near Interstate Access

      Retail property with long-term tenants, close to major interstates.
      2835 SW 29Th St, Oklahoma City, OK 73109
      View Details
    • $96 SF/Yr
      8,275 SF

      Oklahoma City Auto Repair Shop

      8,275 SF Auto Shop - Lease Available
      5817 Western Ave, Oklahoma City, OK 73109
      View Details
    • $22 SF/Yr
      1,822 SF

      Retail Space in Renovated Center

      Retail spaces available in South Oklahoma City shopping center.
      437 SW 59Th St, Oklahoma City, OK 73109
      View Details
    • $10 SF/Yr
      12,902 SF

      12,902 SF Retail Building For Sale or Lease-2115 S. Memorial Drive

      12,902 SF Retail Building For Sale or Lease-2115 S. Memorial Drive
      2115 S. Memorial Drive, Tulsa, OK 73109
      View Details
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    937 59th St
    Oklahoma City, OK 73109-4901
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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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