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    Versatile Commercial Shop Buildings Title is generated by Realmo AI

    2002 S Main St, Fairview, OK 73737

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    For Sale
    $275,000

    Commercial - Fairview, OK

    Property size:
    2,800 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $98/SF
    Added:
    Mar 21, 2026
    Days on Market:
    58
    Last Refresh:
    May 17 at 4:06 am

    Property Features for 2002 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    Size
    2,800 SF
    Lot size
    1.00 Acre

    Utilities

    Cooling system
    None (Cooling)

    Building Details

    Flooring type
    Concrete
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Tammy Mitch
    Tammy Mitch

    Listing agent Tammy Mitch License #178879

    Listing office ReMax Premier 501 S Cleveland, OK

    Listing date Mar 21, 2026

    MLS# 20260331 Listing URL

    Copyright © 2026 Northwest Oklahoma Association 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.

    HighLights

    • Two commercial shop buildings totaling approximately 5,600 sq ft on approximately one acre.
    • First building: Steel frame construction with five garage doors.
    • Fenced parking lot for security.
    • Second building: Round‑top structure with dedicated office space.
    • Both buildings have their own bathrooms.
    • LED lighting in first shop building.

    Overview

    Two commercial shop buildings are situated on approximately one acre. Each building is approximately 2,800 square feet. The first shop features a durable steel frame construction and is equipped with five garage doors, making it ideal for equipment storage, vehicle work with LED lighting, or business operations requiring multiple access points. A fenced-in parking lot provides extra security. The second building is a round-top structure that includes dedicated office space, providing a comfortable area for administrative work alongside shop use. Both buildings are equipped with their own bathrooms, adding convenience for daily operations. This property offers a setup for a variety of commercial or personal uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    UPS Authorized Shipping ... Courier Service UPS Authorized Shipping ... Courier Service Boehs Building Supply General Contractor

    Map

    City
    Fairview
    County
    Major
    State
    Oklahoma
    Longitude
    -98.476905
    Latitude
    36.238386

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    FAQs

    What type of property is this?
    Auto shop - Two commercial shop buildings on approximately one acre.
    Where is this auto shop located?
    The property is located at 2002 S Main St Fairview, OK.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Two commercial shop buildings totaling approximately 5,600 sq ft on approximately one acre.; First building: **Steel frame construction with five garage doors.**; Fenced parking lot for security.
    (580) 744-0299
    We can help!
    Listing Contact
    Tammy Mitch
    Tammy Mitch
    Real Estate License ID: 178879
    Learn More
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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.

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