Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    119 Jackson St Hugo, OK 74743

    Sponsored
    For Sale
    $495,995

    Commercial Building - Hugo, OK

    Property size:
    1,700 SF
    Days on Market:
    3
    Last Refresh:
    Feb 21 at 8:06 pm

    Property Features for 119 Jackson St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    200
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    Parking features
    Garage
    Size
    1,700 SF

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Daniels

    Oklahoma AgRec Land LLC (580) 326-8867

    Listing agent Michael Daniels (580) 326-8867

    Listing date Feb 19, 2026

    MLS# 11659469 Listing URL

    Copyright © 2026 My State MLS. 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

    Restored Historic Mixed-Use Investment Property

    Located in downtown Hugo, OK, this fully restored historic mixed-use building offers modern infrastructure and stable income. The property features a 1,700 square foot commercial space that is triple net leased, providing passive income. The space has been renovated with modern systems and energy efficiency. The property also includes a 1,350 square foot luxury loft with custom finishes, soft-close cabinetry, high-end custom tile work, upstairs laundry, and an expansive primary suite with a walk-in closet. The spa-inspired master bath features an oversized soaking tub with a chandelier, a large walk-in shower with a seamless glass enclosure, and backlit and heated mirrors. The loft includes a live-edge sycamore slab staircase with industrial stainless steel cable railing. The upper landing overlooks the main level, highlighted by an oversized warehouse-style ceiling fan. Major capital improvements include a spray acrylic roof, new electrical and plumbing systems, energy-efficient HVAC systems, R-38 insulation in the commercial ceiling, new low-E commercial glass, a custom iron commercial entry door, and LED lighting and custom antique ceiling fans. The property is located 2 hours from Dallas, TX, 3 hours from Oklahoma City, OK, 1 hour from Durant, OK, 1 1/2 hours from Sherman/Denison, TX, and 1 hour from Hochatown/Broken Bow Lake. Several large industrial projects are slated for 2026 through 2029.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hugo
    County
    Choctaw
    State
    Oklahoma
    Longitude
    -95.511925
    Latitude
    34.011183

    Nearby Similar for Sale

    • $3,295,000
      1,944 SF

      Oklahoma Ranch with Custom Home

      580-acre ranch featuring a custom home and bunkhouse.
      1818 E 2060 Rd, Hugo, OK 74743
      View Details
    • $1,750,000
      7,188 SF

      Premier Retail/Showroom Opportunity in Hugo

      7,188 SF building on 1.01 acres near Walmart.
      1910 E Jackson St, Hugo, OK 74743
      View Details
    • $1,750,000
      7,188 SF

      Premier Retail/Showroom Opportunity in Hugo

      7,188 SF mixed-use building on 1.01 AC in Hugo, OK.
      1910 E Jackson St, Hugo, OK 74743
      View Details
    • $1,450,000
      12.72 Acres

      Turnkey RV Park Business Opportunity

      Hugo, OK RV park with expansion potential on 12.72 acres.
      1500 Roebuck Rd, Hugo, OK 74743
      View Details
    • New
      $2,400,000
      952 SF

      Established Veterinary Business Opportunity

      Well-established veterinary business with loyal clientele and specialized equipment.
      1808 Old Highway 70 W, Hugo, OK 74743
      View Details
    • $3,723,500
      87,477 SF

      Choctaw Plaza: Hugo, OK Retail Center

      10-Tenant Shopping Center, 8.25% Cap Rate
      1601-1623 Jackson St, Hugo, OK 74743
      View Details
    • $1,450,000
      5,100 SF

      Hugo RV Park: Turnkey Business

      Profitable RV Park with Growth Potential
      1500 Roebuck Rd, Hugo, OK 74743
      View Details
    • $305,000
      2,880 SF

      Hugo Commercial Property - 3 Acres

      Prime Hugo Location, High Visibility, 2880 sqft
      2905 Jackson St, Hugo, OK 74743
      View Details
    • Contact for pricing
      43,203 SF

      Healthcare Property Near Highway 70

      60-bed healthcare facility with ample parking and generator.
      2815 E Jackson St, Hugo, OK 74743
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Fully restored mixed-use building in Hugo, OK with stable income.
    Where is this mixed-use property located?
    The property is located at 119 Jackson St Hugo, OK.
    What is the asking price?
    The asking price for this property is $495,995.
    What are key features of this property?
    This property features: - Strong 9%+ Cap Rate: Provides a high return on investment.; - True NNN Lease: Offers passive income with minimal landlord responsibilities.; - Fully Restored Historic Building: Combines charm with modern systems and premium finishes.
    (580) 326-8867
    Request Owner's contact information
    119 Jackson St Hugo, OK 74743
    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.
    119 Jackson St
    Hugo, OK 74743
    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
    119 Jackson St Hugo, OK 74743
    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
    Michael Daniels
    (580) 326-8867 (580) 317-3412
    Learn more
    Google sign-in failed. Please try again or use another login method.