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    110 Witteville Rd Poteau, OK 74953

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    Sponsored
    For Sale
    $8,640,000

    MULTI_FAMILY - Poteau, OK

    Property size:
    57,600 SF
    Lot size:
    4.41 Acres
    Days on Market:
    167
    Last Refresh:
    Mar 15 at 6:06 am

    Property Features for 110 Witteville Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Rooms
    Bedroom 42, Bedroom 91, Bedroom 90, Bedroom 28, Bedroom 44, Bedroom 70, Bedroom 107, Bedroom 57, Bedroom 120, Bedroom 17, Bedroom 81, Bedroom 60, Bedroom 116, Bedroom 24, Bedroom 125, Bedroom 124, Bedroom 137, Bedroom 29, Bedroom 69, Bedroom 86, Bedroom 75, Bedroom 49, Bedroom 43, Bedroom 53, Bedroom 65, Bedroom 40, Bedroom 77, Bedroom 118, Bedroom 36, Bedroom 122, Bedroom 52, Bedroom 102, Bedroom 30, Bedroom 80, Bedroom 101, Bedroom 73, Bedroom 134, Bedroom 63, Bedroom 126, Bedroom 112, Bedroom 114, Bedroom 79, Bedroom 47, Bedroom 131, Bedroom 37, Bedroom 21, Bedroom 123, Bedroom 105, Bedroom 136, Bedroom 142, Bedroom 88, Bedroom 140, Bedroom 83, Bedroom 13, Bedroom 22, Bedroom 35, Bedroom 23, Bedroom 106, Bedroom 98, Bedroom 89, Bedroom 96, Bedroom 92, Bedroom 104, Bedroom 139, Bedroom 64, Bedroom 41, Bedroom 141, Bedroom 61, Bedroom 19, Bedroom 4, Bedroom 138, Bedroom 97, Bedroom 27, Bedroom 144, Bedroom 56, Bedroom 132, Bedroom 31, Bedroom 93, Bedroom 103, Bedroom 111, Bedroom 14, Bedroom 108, Bedroom 110, Bedroom 99, Bedroom 130, Bedroom 109, Bedroom 58, Bedroom 55, Bedroom 95, Bedroom 34, Bedroom 20, Bedroom 48, Bedroom 67, Bedroom 78, Bedroom 129, Bedroom 8, Bedroom 68, Bedroom 45, Bedroom 7, Bedroom 26, Bedroom 66, Bedroom 119, Bedroom 54, Bedroom 87, Bedroom 12, Bedroom 25, Bedroom 10, Bedroom 5, Bedroom 143, Bedroom 113, Bedroom 18, Bedroom 76, Bedroom 100, Bedroom 121, Bedroom 71, Bedroom 62, Bedroom 133, Bedroom 32, Bedroom 59, Bedroom 33, Bedroom 51, Bedroom 72, Bedroom 50, Bedroom 115, Bedroom 94, Bedroom 135, Bedroom 128, Bedroom 16, Bedroom 9, Bedroom 117, Bedroom 46, Bedroom 1, Bedroom 38, Bedroom 74, Bedroom 6, Bedroom 2, Bedroom 82, Bedroom 15, Bedroom 127, Bedroom 3, Bedroom 85, Bedroom 84, Bedroom 11, Bedroom 39
    Bedrooms
    144
    APN
    Q530-00-000-000-0-009-00
    Appliances
    Dishwasher, Garbage Disposal, Microwave, Range
    Size
    57,600 SF
    Lot size
    4.41 Acres

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Ductless

    Building Details

    Year built
    2025
    Floors in Building
    1
    Number of units
    72
    Flooring type
    Concrete
    Roof type
    Shingle

    We can help!

    Listing Contact
    Denton Branson
    Denton Branson

    Strategic Realty (479) 262-6655

    Listing agent Denton Branson (479) 883-5983

    Listing date Sep 30, 2025

    MLS# 1084208

    Copyright © 2026 Western River Valley Board of REALTORS®. 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

    Poteau Multifamily Investment Opportunity

    This multifamily investment opportunity features 72 residential units situated across 36 individual buildings in Poteau, Oklahoma. Each unit offers a 2-bedroom, 1-bathroom layout with approximately 800 square feet of living space. The property is strategically located, providing residents with convenient access to essential services, shopping, dining, and entertainment options in Poteau. Quick highway access facilitates connectivity to Fort Smith, enhancing its appeal for commuters. The property, situated on a 4.41-acre lot, presents a chance to acquire a substantial presence in Poteau's rental market. The established floor plan appeals to tenants and commuters seeking quality housing with accessibility to Fort Smith. Strong rental market fundamentals support income stability and future appreciation potential. The property offers potential for value-add improvements and rent optimization strategies. The unit count allows for economies of scale in property improvements, operational efficiencies, and professional management implementation. This portfolio is suited for multifamily investors seeking scale, diversification, portfolio expansion opportunities, and long-term wealth building through commercial real estate. The property encompasses 57600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Poteau
    County
    Le Flore
    State
    Oklahoma
    Longitude
    -94.630344
    Latitude
    35.073309

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    FAQs

    What type of property is this?
    Apartment building - 72-unit multifamily portfolio in Poteau, Oklahoma, near Fort Smith.
    Where is this apartment building located?
    The property is located at 110 Witteville Rd Poteau, OK.
    What is the asking price?
    The asking price for this property is $8,640,000.
    What are key features of this property?
    This property features: - 72-unit multifamily portfolio offers substantial scale in Poteau's rental market.; - Each unit is a 2-bedroom, 1-bathroom configuration of approximately 800 square feet.; - Strategic location provides close proximity to essential services, shopping, dining, and entertainment.
    (479) 883-5983
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    110 Witteville Rd Poteau, OK 74953
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    Poteau, OK 74953
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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
    110 Witteville Rd Poteau, OK 74953
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    We can help!
    Listing Contact
    Denton Branson
    Denton Branson
    Real Estate License ID: PB00075322
    (479) 883-5983 (479) 262-6655
    Learn more
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