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

    N Otrula Ave, OK

    • Auto shops
    • 1,200 SF
    OFF-MARKET
    Last Sale
    Apr 22, 2024
    $140,000
    Value Estimations
    $140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0948518
    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

    • Auto shops

    Property Details for N

    Year built
    1982
    Construction
    FRAME
    Property size
    1,200 SF
    Property type
    Auto shops
    APN
    23986
    APU
    23986

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $140,000
      ML approach
      $140,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Otrula Ave
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.1676
    Latitude
    34.7522
    CBSA code
    30020
    CBSA name
    LAWTON, 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
    $634
    $1,146
    $7,534
    $8,680
    -
    $10,188
    $72,164
    $82,352

    Comparable in this City

    • Value Estimation
      $260,000
      1,920 SF

      1982 Fort

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      1982 Fort, Gibson, OK
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    • Value Estimation
      $550,000
      13,082 SF

      Haynes Rd, OK

      AUTO REPAIR, GARAGE • 13,082 SF
      Haynes Rd, OK
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    • Value Estimation
      $160,000
      2,350 SF

      N

      AUTO REPAIR, GARAGE • 2,350 SF
      N, Richland Rd, OK
      View Details
    • Value Estimation
      $260,000
      7,000 SF

      3320 Dr

      AUTO REPAIR, GARAGE • 7,000 SF
      3320 Dr, Dr, OK
      View Details
    • Value Estimation
      $325,000
      4,200 SF

      113 NW

      AUTO REPAIR, GARAGE • 4,200 SF
      113 NW, 6th, OK
      View Details
    • Value Estimation
      $280,000
      1,500 SF

      E

      AUTO REPAIR, GARAGE • 1,500 SF
      E, James St, OK
      View Details

    Similar Nearby for Sale

    • $3,800,000
      17,900 SF

      I-240 Frontage Property For Sale

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      613 W I-240 Service Rd, Oklahoma City, OK
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      Vacant Commercial Lot For Sale

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    • $2,000,000
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      Operating Gas Station with Drive-Thru

      Fully operational gas station with drive-thru, beer cave, and kitchen.
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      Oklahoma City Commercial Property For Sale

      29,716 SF commercial property with 3.8-acre paved lot.
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    • $14,500,000
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      Cowboy Plaza Travel Center

      Travel center with fuel, retail, and restaurant near Stillwater.
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    • $275,000
      2,411 SF

      Former Car Lot For Sale

      Muskogee property featuring office, garage, and extra land.
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    Similar Nearby for Lease

    • $18 SF/Yr
      23,591 SF

      Retail Space Near I-240

      Retail space with excellent access and strong surrounding retailers.
      2209 W I-240 Service Rd, Oklahoma City, OK
      View Details
    • $13 SF/Yr
      35,000 SF

      Prime Retail Space in Tulsa

      Retail space available in Tulsa's primary trade area.
      71ST E St, Tulsa, OK
      View Details
    • $15 SF/Yr
      3,263 SF

      Bricktown Retail/Office/Restaurant Space

      Two-story industrial-style building in Bricktown, ideal for various uses.
      409 Kings Of Leon Ln, Oklahoma City, OK
      View Details
    • Contact for pricing
      4,377 SF

      New Retail Spaces in Elgin

      New shopping center with spaces available for lease.
      13002-13070 Commerce Dr, Elgin, OK
      View Details
    • $1,875 /Mo
      1,250 SF

      New Retail Space Available

      Brand new retail space with tenant improvement available for lease.
      7374 Us-277, Elgin, OK
      View Details
    • $1,300 /Mo
      1,000 SF

      Retail Space For Lease

      Retail space available for lease in Catoosa, Oklahoma.
      1555 Ok-66, Catoosa, OK
      View Details
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    Otrula Ave, OK
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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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