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    Hwy 152 El Reno, OK 73036

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    Property profile & analytics

    Hwy 152 El Reno, OK 73036

    View on Map
    • Drive through restaurants
    • 1,022 SF
    • 1.05 lot acres
    Off-Market
    Last Sale Oct 12, 2023
    $2,115,000
    Property ID
    US69-0142748
    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
    $2,160,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for Hwy 152

    Lot size
    1.05 lot acres
    Property size
    1,022 SF
    Property type
    Drive through restaurants
    APN
    90152278
    APU
    90152278

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,295,000
      ML approach
      $2,115,000

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

    Location Insight

    • Map
    • Local Demand
    City
    El Reno
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.7085
    Latitude
    35.3919
    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
    $6,024
    $60,374
    $0.00
    $60,374
    -
    $503,118
    $0.00
    $503,118

    Comparable in this City

    • Value Estimation by Request
      2,079 SF

      Nwnw Expy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,079 SF
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    • Value Estimation by Request
      2,412 SF

      2420 Country Clb Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,412 SF
      2420 Country Clb Rd, El Reno, OK 73036-5813
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    • Value Estimation by Request
      3,850 SF

      2201 Country Clb Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,850 SF
      2201 Country Clb Rd, El Reno, OK 73036-5678
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    • Value Estimation by Request
      1,193 SF

      300 Choctaw Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,193 SF
      300 Choctaw Ave, El Reno, OK 73036-3632
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    • Value Estimation by Request
      1,026 SF

      300 Bickford Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,026 SF
      300 Bickford Ave, El Reno, OK 73036-2760
      View Details
    • Value Estimation by Request
      2,697 SF

      2500 Country Clb Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,697 SF
      2500 Country Clb Rd, El Reno, OK 73036-5815
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,000 SF

      El Reno Body Shop

      8,000 SF body shop with multiple drive-in doors.
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    • $995,000
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      El Reno Shopping Center Investment

      Commercial building in El Reno's shopping center, great investment opportunity.
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    • $650,000
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      El Reno Industrial Building

      8,000 SF building on 0.55 acres. Sale or lease.
      108 S.E. 27th Street, El Reno, OK 73036
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    • $650,000
      8,000 SF

      El Reno Body Shop Opportunity

      8,000 SF body shop with multiple drive-in doors for sale.
      108 SE 27Th St, El Reno, OK 73036
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    • $650,000

      El Reno Auto Shop

      8,000 SF auto shop with multiple drive-in doors.
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    • Contact for pricing

      El Reno Commercial Site

      Commercial site in El Reno, Oklahoma, near Interstate-40.
      2415 S Country Club Rd, El Reno, OK 73036
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    Similar Nearby for Lease

    • Contact for pricing
      2,164 SF

      Freestanding Quick Service Restaurant Available

      2,164 SF freestanding quick service restaurant on 0.94 acres.
      1805 S Country Club Rd, El Reno, OK 73036
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    • Contact for pricing

      El Reno Multi-Tenant Professional Building

      Multi-tenant building with available suite and drive-through potential.
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      El Reno Auto Shop Space

      8,000 SF auto shop with multiple drive-in doors.
      108 SE 27Th St, El Reno, OK 73036
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    • $7 SF/Yr
      8,000 SF

      El Reno Industrial Building

      Spacious industrial building, sale or lease.
      108 S.E. 27th Street, El Reno, OK 73036
      View Details
    • Contact for pricing

      Retail Space in El Reno

      Retail/Strip Center space for lease in a thriving community.
      1407 S Country Club Rd, El Reno, OK 73036
      View Details
    • Contact for pricing
      940 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center.
      1701-1715 Investors Ave, El Reno, OK 73036
      View Details
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    Hwy 152
    El Reno, OK 73036
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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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