Add Listing
    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

    125 S Main Street Lindsay, OK 73052

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $89,000

    Two-story brick building with storefront and office space.

    Type:Office
    Property size:
    3,400 SF
    Added:
    Feb 14, 2024
    Days on Market:
    797
    Last Refresh:
    Apr 1 at 8:41 pm

    Property Features for 125 S Main Street

    General Information

    Standard status
    Active
    Size
    3,400 SF
    Property subtype
    Office

    Building Details

    Year Built
    1954

    We can help!

    Listing Contact
    William Belknap

    Listing agent William Belknap

    Listing office Jim Burton And Associates Llc

    Listing date Feb 14, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Jim Burton And Associates Llc

    Overview

    Two-Story Building on Main Street

    This is a two-story brick building situated on Main Street. The property offers storefront or office space on the ground floor. The building has a total size of 3400 square feet. The upstairs portion of the building requires some renovation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    J & L Insurance Insurance Agency

    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
    Lindsay
    County
    Garvin
    State
    Oklahoma
    Longitude
    -97.602702
    Latitude
    34.837069

    Nearby Similar for Sale

    • $800,000

      Full-Service Automotive Facility with RV Hookups

      Versatile commercial property for automotive services with income and expansion potential.
      1202 W Cherokee St, Lindsay, OK 73052
      View Details
    • $1,476,000

      465-Acre Ranch Near Washita River

      Grady County ranch with pasture, timber, and abundant water.
      0000 County Street 2980, Lindsay, OK 73052
      View Details
    • $99,000

      5-Acre Fenced Land in Lindsay, OK

      5-acre fenced property ideal for homestead, ranch, or retreat.
      10529 184th Street, Lindsay, OK 73052
      View Details
    • $130,000
      1,152 SF

      Commercial Building on Corner Lot

      Commercial office or retail space with highway frontage in Lindsay.
      610 SE 4th Street, Lindsay, OK 73052
      View Details
    • $140,000
      1,152 SF

      Commercial Building in High Traffic

      Commercial office or retail space with highway frontage.
      610 SE 4th Street, Lindsay, OK 73052
      View Details
    • $1,775,000
      17,282 SF

      Industrial Property with Multiple Buildings

      Industrial property featuring multiple buildings suitable for warehouse and office use.
      615 E Ponca St, Lindsay, OK
      View Details
    • $140,000
      1,152 SF

      Highway Frontage Commercial Building

      Commercial office or retail space with expansion potential.
      610 SE 4th St, Lindsay, OK 73052
      View Details
    • $175,000
      2,158 SF

      Established Laundry Mat For Sale

      Operating laundry mat business with equipment on Main Street.
      325 S Main Street, Lindsay, OK 73052
      View Details
    • $15,000
      2,400 SF

      Retail Space in Lindsay, Oklahoma

      2400 sqft retail space, formerly a laundry mat.
      104 W Comanche Street, Lindsay, OK 73052
      View Details
    • $1,500,000
      6,516 SF

      Commercial Property Ready For Business

      Commercial property featuring shop, tool shed, and fenced perimeter.
      10520 N Highway 59b, Lindsay, OK 73052
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story brick building with storefront and office space.
    Where is this office building located?
    The property is located at 125 S Main Street Lindsay, OK.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: Large 2‑story brick building; Store front or office space on ground floor; Central Air Conditioning
    (405) 756-3555
    We can help!
    Listing Contact
    William Belknap
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!