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    Property profile & analytics

    W 6th St, OK

    • Grocery and convenience stores
    • 1,899 SF
    • 4.71 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    10.1%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US69-0867147
    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

    • Grocery and convenience stores

    Property Details for W

    Year built
    1965
    Lot size
    4.71 lot acres
    Property size
    1,899 SF
    Property type
    Grocery and convenience stores
    APN
    600021150
    APU
    600021150

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $270,000
      6.5%
      $260,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $250,000
      Geo Method
      $285,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $230,000
      Retail
      $225,000
      Mixed-Use
      $245,000
      Hospitality
      $265,000
      Educational
      $240,000
      Residential Income
      $300,000
      Energy
      $280,000
      Income-Based Land
      $235,000
      Food Service
      $230,000

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

    Location Insight

    • Map
    • Local Demand
    City
    6th St
    County
    Payne
    State
    Oklahoma
    Longitude
    -97.3353
    Latitude
    36.1166
    CBSA code
    44660
    CBSA name
    STILLWATER, 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
    $2,295
    $3,259
    $24,521
    $27,780
    -
    $40,260
    $302,920
    $343,180

    Comparable in this City

    • Value Estimation by Request
      1,925 SF

      218 Highway

      CONVENIENCE STORE • 1,925 SF
      218 Highway, 44, OK
      View Details
    • Value Estimation
      $675,000
      3,756 SF

      Campbell, OK

      GROCERY, SUPERMARKET • 3,756 SF
      914, Campbell, OK
      View Details
    • Value Estimation by Request
      43,335 SF

      1101 164th St

      GROCERY, SUPERMARKET • 43,335 SF
      1101 164th St, Oklahoma City, OK
      View Details
    • Value Estimation
      $265,000
      5,104 SF

      222964 Highway

      CONVENIENCE STORE • 5,104 SF
      222964 Highway, 29, OK
      View Details
    • Value Estimation by Request
      2,400 SF

      Shell Creek

      CONVENIENCE STORE • 2,400 SF
      Shell Creek, Rd, OK
      View Details
    • Value Estimation by Request
      1,512 SF

      E

      CONVENIENCE STORE • 1,512 SF
      E, Indep, OK
      View Details

    Similar Nearby for Sale

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      Gas Station & C-Store

      Gas station and convenience store with drive-thru for sale.
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      Inola Retail Investment Opportunity

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      Fully operational gas station with drive-thru, beer cave, and kitchen.
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    Similar Nearby for Lease

    • $37 SF/Yr
      1,609 SF

      Retail Space Near Reasor's Grocery

      Retail space available near Reasor's grocery, delivered January 31, 2025.
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      Retail Space Near Tinker AFB

      Retail space with high visibility near Tinker Air Force Base.
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      Retail Space Near Walmart

      Retail space shadow-anchored by Walmart Supercenter in Tahlequah, OK.
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      Retail Space in Busy Center

      Former pet groomer location in a busy retail center.
      5529 SE 15 St, Del City, OK
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      Retail Spaces For Rent

      Two retail spaces available for lease.
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    • Contact for pricing
      2,960 SF

      Versatile Commercial Space Near Lawton

      Adaptable commercial building with showroom, office, and warehouse space.
      22972 Ok-58, Lawton, OK
      View Details
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    6th St, 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.

    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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