18843 Murrel RdTahlequah, OK 74464

Property Details for 18843 Murrel Rd

Year built

1982

Lot size

2.00 AC

Property size (Sq ft)

9,600 SF

Property type

Bars

Property subtype

Pubs

APN

0000-21-16N-22E-0-031-00

APU

00002116N22E003100

Description

This exceptional commercial property presents a unique investment opportunity in Tahlequah, Oklahoma. The offering encompasses a substantial 9,600 square foot warehouse or commercial building situated on a generous 9.92-acre lot. Its strategic location at a busy intersection within the county ensures high visibility and accessibility. The property boasts level land, ideal for potential expansion or new construction. Existing utilities include city gas, electric, and water, with city sewer anticipated to be available by 2026. The expansive warehouse space offers significant potential for a variety of commercial uses, while the ample land provides room for future development or expansion of existing operations. This property is well-suited for businesses seeking a prominent location with substantial space and growth potential. The combination of existing building and extensive land makes this a rare find in the Tahlequah market. The property's size and location make it an attractive option for businesses seeking a significant presence in a growing area. This is a turnkey opportunity for immediate occupancy and future development. Don't miss this chance to acquire a substantial commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,230,169

  6.5%

  $1,135,541

  7%

  $1,054,431

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,730,454

  Geo Method

  $1,730,454

• Alternative Use

  Use

  Valuation

  Residential

  $957,871

  Hospitality

  $877,405

  Educational

  $729,990

  Medical

  $755,096

  Retail

  $1,135,541

Location Insight

City

Tahlequah

County

Cherokee

State

Oklahoma

Latitude

35.856

Longitude

-94.9681

CBSA code

45140

CBSA name

TAHLEQUAH, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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