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

    218 Stewart Rd Stigler, OK 74462

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,350,000

    Nine luxury cabins, stunning lake views.

    Property size:
    5,698 SF

    Property Features for 218 Stewart Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,698 SF

    Building Details

    Year Built
    2016

    We can help!

    Listing Contact
    Lindsey R Morris

    Listing Agency: eXp Realty, LLC Listing Agent: Lindsey R Morris

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

    Learn more

    Overview

    Exceptional investment opportunity: Calico Heights, a nine-cabin luxury resort nestled on the shores of Lake Eufaula, is now available. This 5,698 square foot property boasts breathtaking views and offers unparalleled tranquility. Each cabin is exquisitely crafted, featuring modern amenities including air conditioning and cozy fireplaces. Fully furnished with appliances, dishware, linens, and patio furniture, these cabins provide a seamless and luxurious guest experience. Outdoor amenities include a grill and private fire pit, perfect for al fresco dining. Select units offer the added luxury of jacuzzi tubs. Satellite TV and Wi-Fi ensure connectivity and entertainment. Individual parking, good roads, and a private gated entrance provide convenience and security. The property also includes ample space for laundry services and storage, presenting significant potential for expansion and increased revenue. This turnkey resort is ideal for investors seeking a high-return hospitality venture or individuals looking for a peaceful, profitable retreat. Don't miss this chance to own a piece of Lake Eufaula paradise. Located at 218 Stewart Road, Stigler, OK. Priced at $2,350,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Calico Heights Hotel & Motel

    Map

    City
    Stigler
    County
    Pittsburg
    State
    Oklahoma
    Longitude
    -95.50202
    Latitude
    35.27423

    Nearby Similar for Sale

    • $375,000
      3,200 SF

      Modern Versatile Commercial Building

      3,200 sq. ft. commercial building constructed in 2023.
      209 S Broadway St, Stigler, OK 74462
      View Details
    • $277,200
      63.00 Acres

      63 Acres of Cleared Land

      63+/- acres, fenced, suitable for cattle or other uses.
      N Tamaha Rd, Stigler, OK 74462
      View Details
    • $399,900
      Pending

      Stigler Commercial Property on Main

      Modern commercial building on Main Street in Stigler, Oklahoma.
      403 W Main St, Stigler, OK 74462
      View Details
    • $125,000
      1,920 SF

      Versatile Commercial Property in Stigler

      Mixed-use commercial property ideal for various business ventures.
      205 SE B St, Stigler, OK 74462
      View Details
    • $299,900
      2,100 SF

      Stigler Commercial Property For Sale

      High-traffic location ideal for retail, food service, or market.
      1609 E Main St, Stigler, OK 74432
      View Details
    • $139,900
      1,568 SF

      Stigler Commercial Opportunity on Main

      High-traffic commercial property with shop and ample parking.
      900 E Main St, Stigler, OK 74462
      View Details
    • $50,000
      2,400 SF

      Versatile Commercial Building Near Broadway

      2400 sq ft commercial building, prime location, endless potential.
      206 S Broadway St, Stigler, OK 74462
      View Details
    • $75,000
      3,000 SF

      Historic Main Street Commercial Opportunity

      Two connected buildings in downtown Stigler, ready for renovation.
      113 W Main St, Stigler, OK 74462
      View Details
    • $175,000
      6,171 SF

      Iconic Commercial Property in Stigler

      Well-known commercial property with over 6,000 square feet of space.
      202 S Broadway St, Stigler, OK 74462
      View Details
    • $349,900
      1,252 SF

      Stigler Commercial Investment Opportunity

      Prime Main Street location with three rentable spaces.
      517 E Main St, Stigler, OK 74462
      View Details
    • $999,000
      10,290 SF

      Stigler Commercial Investment Opportunity

      Commercial property with seven rentable units in Stigler, Oklahoma.
      801 W Main St, Stigler, OK 74462
      View Details
    • $219,900
      3,534 SF

      Stigler Commercial Property on Main

      High-visibility commercial property with drive-through and leasing opportunities.
      809 E Main St, Stigler, OK 74462
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Nine luxury cabins, stunning lake views.
    Where is this commercial real estate located?
    The property is located at 218 Stewart Rd Stigler, OK.
    What is the asking price?
    The asking price for this property is $2,350,000.
    (888) 560-3964
    Request Owner's contact information
    218 Stewart Rd Stigler, OK 74462
    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.
    218 Stewart Rd
    Stigler, OK 74462
    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
    218 Stewart Rd Stigler, OK 74462
    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
    Lindsey R Morris
    Real Estate License ID: 171868
    (888) 560-3964 (405) 205-7830
    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!