Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    11 E Washington Ave McAlester, OK 74501

    Sponsored
    Picture of Land at E Washington Ave 11, McAlester, OK
    For Sale
    Contact for pricing

    Commercial Lot - McAlester, OK

    Lot size:
    0.55 Acres
    Days on Market:
    296
    Last Refresh:
    Jan 20 at 7:06 pm

    Property Features for 11 E Washington Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Com
    Lot size
    0.55 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Marty Donaldson

    Century 21, Shirley Donaldson, Inc. (918) 426-4343 [email protected]

    Listing agent Marty Donaldson (918) 426-4343 License #111590

    Listing date Mar 31, 2025

    MLS# 2512658 Listing URL

    Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Lot on Washington Ave

    This commercial lot, spanning over 0.551 acres, is located on W. Washington Ave in McAlester, Oklahoma. Specifically, the lot is adjacent to the northeast corner of Strong Blvd and Washington Ave, situated just east of the Counseling Services building. A shipping container is currently on the property but will be removed prior to sale. The lot is also being offered with three other listings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McAlester
    County
    Pittsburg
    State
    Oklahoma
    Longitude
    -95.768748
    Latitude
    34.935001

    Nearby Similar for Sale

    • $1,750,000
      10,809 SF

      McAlester Mixed-Use Investment Opportunity

      1.74 acres with 10,809 sq ft industrial building.
      1631 S Us Hwy 69 Hwy, McAlester, OK 74501
      View Details
    • $1,299,000
      72.39 Acres

      Turnkey Ranch Retreat Near Arena

      72-acre ranch retreat with barndominium, lake, and equestrian facilities.
      185 Miller Dr, McAlester, OK 74501
      View Details
    • New
      $4,700,000
      13,863 SF

      Hospitality Property with RV Spaces

      30-room motel, bar, and 60 RV spaces near Lake Eufaula.
      2400 South Vly Dr, McAlester, OK 74501
      View Details
    • $259,900
      1,749 SF

      Commercial Building in Prime Location

      Versatile commercial building suitable for retail, healthcare, or professional services.
      211 N 5Th St, McAlester, OK 74501
      View Details
    • $125,000
      6.48 Acres

      Waterfront Land on Lake Eufaula

      6.476 acres of prime waterfront land on Lake Eufaula.
      004 Blocker Rd, McAlester, OK 74501
      View Details
    • $276,792
      39.57 Acres

      Lakefront Acreage Near McAlester

      39.57 acres bordering Lake McAlester with pasture and timber.
      0000 Lillypad Rd, McAlester, OK 74501
      View Details
    • $74,900
      240 SF

      Charming Gas Station Office Building

      Updated office in historic old town McAlester, Oklahoma.
      2654 N Main St, McAlester, OK 74501
      View Details
    • $160,000
      4,480 SF

      McAlester Shop on Large Lot

      Large shop on 0.66 acres, ideal for work or business.
      810 N A St, McAlester, OK 74501
      View Details
    • $334,900
      22,155 SF

      McAlester Warehouse with Office Space

      Warehouse and office space available for sale in McAlester, OK.
      1221 E Washington Ave, McAlester, OK 74501
      View Details
    • $2,880,000
      3,520 SF

      Freddy's Absolute NNN Lease

      New 20-year NNN lease with attractive rental escalations.
      1102 S George Nigh Expy, McAlester, OK 74501
      View Details
    • $119,000
      1,920 SF

      Commercial Property on Main Street

      Commercial property with shop space and fenced lot in McAlester.
      2909 N Main St, McAlester, OK 74501
      View Details
    • $119,900
      6,000 SF

      6000 SQFT McAlester Warehouse

      6000 SQFT warehouse for sale in McAlester, Oklahoma.
      N 13Th St, McAlester, OK 74501
      View Details

    FAQs

    What type of property is this?
    Land - Over 1/2 acre commercial lot in McAlester, Oklahoma.
    Where is this land located?
    The property is located at 11 E Washington Ave McAlester, OK.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: - Over 1/2 acre lot; - Located on W. Washington Ave.; - Adjacent to the northeast corner of Strong Blvd. and Washington Ave.
    (918) 916-4948
    Request Owner's contact information
    11 E Washington Ave McAlester, OK 74501
    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.
    11 E Washington Ave
    McAlester, OK 74501
    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
    11 E Washington Ave McAlester, OK 74501
    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

    We can help!
    Listing Contact
    Marty Donaldson
    Real Estate License ID: 111590
    (918) 916-4948
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.