Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    602 E 2Nd St Watonga, OK 73772

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    Lot, Less than 1 Ac Unimp - Watonga, OK

    Lot size:
    0.16 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 13 at 10:06 pm

    Property Features for 602 E 2Nd St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.16 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Andrea Lauminick
    Andrea Lauminick

    Stewart Real Estate LLC (580) 623-5080

    Listing agent Andrea Lauminick (580) 623-5080 License #158816

    Listing date Mar 6, 2026

    MLS# 20251152 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.

    Learn more

    Property Insight Report

    Overview

    Watonga, OK Unimproved Corner Lot

    This corner lot is available for sale in Watonga, Oklahoma. The property encompasses 0.16 acres. Note that a Quit Claim Deed will be provided, and heirs will sign an affidavit of heirship.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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
    Watonga
    County
    Blaine
    State
    Oklahoma
    Longitude
    -98.406335
    Latitude
    35.846188

    Nearby Similar for Sale

    • $65,000

      Downtown Watonga Mixed-Use Building

      Mixed-use building with retail, storage, and living quarters in Watonga.
      121 E Main St, Watonga, OK 73772
      View Details
    • $45,000
      3,000 SF

      Downtown Watonga Commercial Building

      Commercial building in downtown Watonga with business potential.
      117 S Noble Ave, Watonga, OK 73772
      View Details
    • $225,000

      Former Restaurant Space in Watonga

      Turn-key restaurant opportunity with drive-thru in a high-traffic location.
      220 W Russworm Dr, Watonga, OK 73772
      View Details
    • $75,000
      15.00 Acres

      Watonga Land with Multiple Structures

      15-acre property with cabin, buildings, and greenhouse near Watonga.
      15732 Us Highway 270, Watonga, OK 73772
      View Details
    • $130,000

      Storage Units in Watonga, OK

      44 storage units with state highway frontage in Watonga, OK.
      401 W Russworm Dr, Watonga, OK 73772
      View Details
    • $155,000

      Watonga Fourplex Investment Opportunity

      Fourplex in Watonga, OK with rental income potential.
      114 N Leach Ave, Watonga, OK 73772
      View Details
    • $130,000

      Watonga Commercial Storage Units

      High-traffic location, 44 units, investment opportunity.
      401 Russworm Dr, Watonga, OK 73772
      View Details
    • $45,000

      Downtown Watonga Commercial Building

      Spacious building, high potential, $45,000
      117 Noble Ave, Watonga, OK 73772
      View Details
    • $1,254,000
      2,309 SF

      Watonga, OK Pizza Hut - Net Lease

      Profitable Pizza Hut, Absolute NNN Lease.
      511 Clarence Nash Blvd, Watonga, OK 73772
      View Details
    • $67,000

      121 Main St, Watonga, OK 73772

      Commercial real estate
      121 Main St, Watonga, OK 73772
      View Details
    • $45,000
      565 SF

      Watonga Commercial Property: Prime Location

      Liquor Store Building, High Traffic Area
      308 Russworm Dr, Watonga, OK 73772
      View Details
    • $160,000
      2,665 SF

      Watonga Commercial Property - Hwy 33

      Prime Hwy 33 location, versatile building, 4 acres.
      3301 Ok-3 Hwy, Watonga, OK 73772
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot available in Watonga, Oklahoma.
    Where is this commercial land located?
    The property is located at 602 E 2Nd St Watonga, OK.
    What is the asking price?
    The asking price for this property is $10,000.
    What are key features of this property?
    This property features: - Corner lot offers great visibility.; - .16 acres of land available.; - Lot for sale, ideal for development.
    (580) 623-1217
    Request Owner's contact information
    602 E 2Nd St Watonga, OK 73772
    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.
    602 E 2Nd St
    Watonga, OK 73772
    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
    602 E 2Nd St Watonga, OK 73772
    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
    Andrea Lauminick
    Andrea Lauminick
    Real Estate License ID: 158816
    (580) 623-1217 (580) 623-5080
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!