Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Durant, OK 74701
    Back to Search
    Property profile & analytics

    , Durant, OK 74701

    View on Map
    • Office buildings
    • 1,093 SF
    Off-Market
    Last Sale Apr 7, 2021
    $125,000
    Property ID
    US69-0828738
    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

    • Office buildings

    Property Details

    Year built
    1994
    Property type
    Office buildings
    APN
    A001-00-207-001-0-004-03
    APU
    A00100207001000403

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 7, 2021 $125,000 Albatross LLC Patterson LLC Warranty Deed —

    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
    Durant
    County
    Bryan
    State
    Oklahoma
    Longitude
    -96.3893
    Latitude
    33.9936
    CBSA code
    20460
    CBSA name
    DURANT, OK MICROPOLITAN 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
    $1,310
    $4,125
    $9,757
    $13,882
    -
    $37,501
    $88,704
    $126,205

    Comparable in this City

    • Value Estimation by Request
      1,300 SF

      502 Bryan Dr

      OFFICE BUILDING
      502 Bryan Dr, Durant, OK 74701-3400
      View Details
    • Value Estimation by Request
      1,617 SF

      Durant, OK 74701

      OFFICE BUILDING
      Durant, OK 74701
      View Details
    • Value Estimation by Request
      1,025 SF

      319 3rd Ave

      OFFICE BUILDING
      319 3rd Ave, Durant, OK 74701-4211
      View Details
    • Value Estimation by Request
      1,563 SF

      122 3rd Ave

      OFFICE BUILDING
      122 3rd Ave, Durant, OK 74701-4728
      View Details
    • Value Estimation by Request
      658 SF

      Durant, OK 74701

      OFFICE BUILDING
      Durant, OK 74701
      View Details
    • Value Estimation by Request
      960 SF

      20 Cherry Ln

      OFFICE BUILDING
      20 Cherry Ln, Durant, OK 74701-8908
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,730 SF

      High Visibility Durant Office Building

      Remodeled office building in high-traffic area near downtown Durant.
      112 N 9Th Ave, Durant, OK 74701
      View Details
    • Contact for pricing
      932 SF

      Commercial Building Near Downtown

      Commercial building suitable for retail or office use.
      206 N 16Th Ave, Durant, OK 74701
      View Details
    • $250,000
      2,016 SF

      Durant Office Building - Prime Location

      Spacious Office, High Visibility, Great Potential
      601 9 Hwy, Durant, OK 74701
      View Details
    • $330,000
      2,000 SF

      Main Street Commercial Property, Durant

      Refreshed commercial space in a prime Durant location.
      1020 W Main St, Durant, OK 74701
      View Details
    • $528,000

      Land For Sale in Durant

      Land available on West Georgia Street, Durant, Oklahoma.
      0000 W Georgia St, Durant, OK 74701
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,546 SF

      Retail Space Near Major Retailers

      High-traffic retail space located near Walmart and Lowe's.
      2418 W Main St, Durant, OK 74701
      View Details
    • $3,200 /Mo

      Retail Space Near Highway 69/75

      Retail space in high-traffic area near national retailers.
      2832 University Blvd, Durant, OK 74701
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Near Super Walmart

      2,000 SF retail space in high-traffic Durant location.
      410 University Pl, Durant, OK 74701
      View Details
    • Contact for pricing
      1,236,000 SF

      Durant Warehouse with Pallet Placements

      1,236,000 SF warehouse featuring pick module and pallet flow conveyor.
      2306 Enterprise Blvd, Durant, OK 74701
      View Details
    • Contact for pricing
      1,904 SF

      Retail Space in High-Traffic Area

      Retail space available in Durant's growing market.
      2832 University Blvd, Durant, OK 74701
      View Details
    • Contact for pricing

      Retail Development Land For Lease

      Prime retail development opportunity near Durant High School.
      3302 N Washington Ave, Durant, OK 74701
      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.
    Durant, OK 74701
    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

    Thank You for Inquiry
    Durant, OK, 74701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!