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    320 E Carl Albert Parkway McAlester, OK 74501

    View on Map
    For Lease
    $1,808 /Mo

    Commercial Building - McAlester, OK

    Property size:
    8,060 SF
    Added:
    Aug 27, 2025
    Days on Market:
    219
    Last Refresh:
    Apr 2 at 4:06 am

    Property Features for 320 E Carl Albert Parkway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    200
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Kitchen
    Parking features
    Garage
    Interior features
    Corner Unit
    Exterior features
    Corner Unit
    Basement Y/N
    1
    Standard status
    Active
    Size
    8,060 SF

    Taxes and HOA fees

    TaxAnnualAmount
    0

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1956
    Year renovated
    1956
    Roof type
    Flat, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Sandra Bahe

    Listing agent Sandra Bahe

    Listing office eXp Realty, LLC 320 E. Carl Albert Parkway, B1, McAlester, OK

    Listing date Aug 27, 2025

    MLS# 11563911 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.

    Overview

    Modern Office Space Available

    This commercial building offers 1250 square feet of modern office space. The suite features two offices, a large reception area, a break area/kitchenette, a coat/storage closet, and a large storage vault. Common areas include two sets of bathrooms, a handicap accessible/family bathroom, and a large lobby with additional seating for guests. The building's interior was remodeled in 2018, and the exterior was remodeled in 2022 and 2025. The parking lot, with 28 private parking spaces, was resurfaced and striped this year. Located on Highway 270 and Carl Albert Parkway, the main East/West thoroughfare through town, the property benefits from a traffic count exceeding 15,000 vehicles per day. This downtown location is near the Post Office, banks, restaurants, the Police Department, and shopping. Signage is available on a marquee at the street, at the entrance to the building, and inside the lobby area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Layden Inc Law Firm WorldClassRanches.com / World Class ... Real Estate Agency B&B Self Storage Storage Facility Neuropathy Treatments of McAlester Medical Clinic Edward Jones - Financial ... Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    McAlester
    County
    Pittsburg
    State
    Oklahoma
    Longitude
    -95.764752
    Latitude
    34.931706

    Nearby Similar for Lease

    • Contact for pricing

      Modern Office Space Available

      Modern office space with reception area and natural lighting.
      320 E Carl Albert Parkway, #B1, McAlester, OK 74501
      View Details
    • $15/mo

      Commercial Kitchen with 20' Vent

      Commercial kitchen space available for rent with 20' vent.
      1710 E Carl Albert Pkwy, Mcalester, OK 74501
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      Retail Space For Rent

      Retail space available for rent.
      1750 East Carl Albert Parkway, McAlester, OK 74501
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      Drive-Thru Restaurant Space Available

      Commercial space available for lease, ideal for drive-thru restaurant.
      1750 East Carl Albert Parkway, McAlester, OK 74501
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      Retail Space on George Nigh

      1,500 SF retail suite in McAlester, Oklahoma.
      418 S George Nigh Expy, McAlester, OK 74501
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      Retail Space in Tandy Center

      Retail spaces available in McAlester's Tandy Shopping Center.
      1744 E Carl Albert Pkwy, McAlester, OK 74501
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    • $3/mo

      Versatile Industrial Space for Lease

      20,375 SF industrial space with loading docks and ample parking.
      820 Industrial Rd, McAlester, OK
      View Details

    FAQs

    What type of property is this?
    Office units - Remodeled office space with high traffic location in McAlester.
    Where is this office units located?
    The property is located at 320 E Carl Albert Parkway McAlester, OK.
    What is the lease rate?
    The lease rate is $1,808 /Mo.
    What are key features of this property?
    This property features: High‑traffic location on Highway 270 and Carl Albert Parkway with over 15,000 vehicles per day.; Recently remodeled: interior in 2018, exterior in 2022 and 2025, and parking lot resurfaced and striped this year.; Includes two private offices, large reception area, break area/kitchenette, coat/storage closet, and a large storage vault.
    (918) 426-6006
    We can help!
    Listing Contact
    Sandra Bahe
    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.

    More about this property
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