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    26091 State Highway 51 Wagoner, OK 74467

    View on Map
    Sponsored
    For Sale
    $1,500,000

    COMMERCIAL - Wagoner, OK

    Property size:
    11,600 SF
    Lot size:
    6.00 Acres
    Days on Market:
    45
    Last Refresh:
    Mar 22 at 4:06 pm

    Property Features for 26091 State Highway 51

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Zoning
    C-3
    APN
    730084272
    Interior features
    Cable TV Wired, Display Window, High Speed Internet, Mini-Kitchen, Public Restrooms, Security System-Owned, Smoke Detector
    Exterior features
    Door Sign, Lighting, Pole Sign, Storage
    Fencing
    Fenced
    Size
    11,600 SF
    Lot size
    6.00 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2020
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Frame
    Roof type
    Metal
    Additional Structures
    Storage

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    Listing Contact
    Tina Berryhill

    Realty Connect

    Listing agent Tina Berryhill

    Listing date Feb 5, 2026

    MLS# 2602437

    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

    Wagoner Highway Commercial Property

    This commercial property is located along Highway 51 in Wagoner, Oklahoma, offering high visibility and exposure. The metal building spans 11,600 square feet and is situated on approximately 6 acres with extensive gravel parking. A 10'x90' covered front porch enhances the property's appeal. The property is constructed for heavy commercial use, featuring 6" 4500-PSI concrete, concrete approaches at every overhead door, metal roof and walls, and full wall and roof insulation, including 18" fiberglass insulation above the showroom. Shop ceilings reach 16', while the drive-thru and showroom/office areas have 11' ceilings. The building includes six 14'x14' insulated overhead doors, four 10'x10' insulated overhead doors, and two powered doors in the drive-thru. Interior features consist of epoxy floors, an indoor wash bay, a kitchen, men's and women's restrooms, two offices, glass entry doors, work benches, shop sinks, a floor safe, and security door closures over walk-in glass doors. Additional amenities include a 22k Generac generator, 440-amp electrical service, gas heaters and sinks in both 50'x50' shops, sheetrock and AC in the showroom and drive-thru, a camera system (DVR needed), a monitored alarm with motion and glass break sensors, fiber-optic internet, and counter wiring for VOIP phones. Exterior improvements include a 1/4" pipe fence, over 5 acres of gravel parking (6" shale, crusher run, and clean rock), one acre of grass previously used for mower demonstrations, and a reinforced main driveway with a layered base. The property is located between the Muskogee Turnpike and Highway 69, approximately 15 miles south of Highway 412 and minutes from Fort Gibson Lake and the river. The property is zoned C-3. It includes a $3,000/year outdoor sign lease for added income. This property is suitable for retail, service, or industrial businesses seeking high visibility, strong infrastructure, and room for expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wagoner
    County
    Wagoner
    State
    Oklahoma
    Longitude
    -95.400752
    Latitude
    35.95895

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    FAQs

    What type of property is this?
    Showroom - Highway-frontage commercial property with extensive parking and robust infrastructure.
    Where is this showroom located?
    The property is located at 26091 State Highway 51 Wagoner, OK.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Prime highway frontage on Highway 51 offering outstanding visibility and exposure.; - Large 11,600 SF metal building on approximately 6 acres with extensive gravel parking.; - Six 14'x14' and four 10'x10' insulated overhead doors, plus two powered drive-thru doors.
    (918) 901-9690
    Request Owner's contact information
    26091 State Highway 51 Wagoner, OK 74467
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    Wagoner, OK 74467
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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
    26091 State Highway 51 Wagoner, OK 74467
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    Listing Contact
    Tina Berryhill
    Real Estate License ID: 184167
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