Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Updated Commercial Property on Main Title is generated by Realmo AI

    302 W Main Street, Sayre, OK 73662

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $62,500

    Commercial property with updated features and warehouse space for sale.

    Type:Office
    Property size:
    1,445 SF
    Price / SF:
    $43/SF
    Added:
    Oct 6, 2024
    Days on Market:
    589
    Last Refresh:
    Apr 1 at 9:25 pm

    Property Features for 302 W Main Street

    General Information

    Standard status
    Active
    Size
    1,445 SF
    Property subtype
    Office

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Kelli Rippetoe

    Listing agent Kelli Rippetoe

    Listing office Exploration Realty Llc

    Listing date Oct 6, 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 Exploration Realty Llc

    HighLights

    • Affordable commercial property on West Main Street in Sayre, Oklahoma.
    • Large warehouse with overhead door.
    • Updated interior with tiled floors, fresh paint, and crown molding.
    • Multiple office spaces (3) in the back.
    • Electrical upgrades: 220 plugs in 2 offices.
    • Includes a storage room and bathroom.

    Overview

    Located on West Main Street in Sayre, Oklahoma, this commercial property offers an affordable opportunity in Beckham County. The building features updated interiors, including tiled floors, fresh paint, and crown molding. Upon entry, there is a large reception area, a storage room, and a bathroom. The property includes three additional offices at the back, two of which are equipped with 220 plugs. The south end of the building houses a large warehouse with an overhead door. The property has a total size of 1445 square feet.
    Location Intelligence

    Current Use by Public Records

    Varnell's Powerline Construction ... Construction Company County Purchasing Agent County Government Office Beckham County Community ... County Government Office District Court Reporter County Court District Judge County Court

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sayre
    County
    Beckham
    State
    Oklahoma
    Longitude
    -99.643332
    Latitude
    35.291196

    Nearby Similar for Sale

    • $125,000
      6,100 SF

      Route 66 Turnkey Business Opportunity

      Established business on Historic Route 66 with living quarters.
      105 W Main Street, Sayre, OK 73662
      View Details
    • $269,900
      1,500 SF

      Turn-Key Tire Shop & Carwash

      Fully equipped tire shop and carwash in Sayre, Oklahoma.
      1609 Watts Street, Sayre, OK 73662
      View Details
    • $220,000
      7,200 SF

      Historic Route 66 Commercial Building

      Unique commercial building on Route 66 with nostalgic soda fountain.
      101 W Main Street, Sayre, OK 73662
      View Details
    • $175,000
      3,125 SF

      Route 66 Commercial Building

      Established commercial building on Historic Route 66 in Sayre, Oklahoma.
      121 N 4th Street, Sayre, OK 73662
      View Details
    • $1,450,000
      1,896 SF

      Turnkey RV & Mobile Home Park

      Immaculate, income-producing RV and mobile home park near I-40.
      2005 NE Highway 66, Sayre, OK 73662
      View Details
    • $145,000
      4,250 SF

      Retail Building on Historic Main

      Retail building with showroom, kitchen, and storage on Main Street.
      205 E Main Street, Sayre, OK 73662
      View Details
    • $125,000
      6,100 SF

      Sayre Commercial Property for Sale

      Commercial property in Sayre, Oklahoma, suitable for retail or storefront.
      105 W Main Street, Sayre, OK 73662
      View Details
    • $780,000

      Beckham County Land with Water

      299+ acre Oklahoma land with ponds and creeks.
      E COUNTY 1180 Road, Sayre, OK 73662
      View Details
    • $299,000
      10,530 SF

      Versatile Commercial Property in Sayre

      Former medical facility with 25 exam rooms and ample parking.
      1415 Watts Street, Sayre, OK 73662
      View Details
    • $50,000
      600 SF

      Turn Key Salon on Highway

      Salon with styling, manicure, pedicure stations and tanning bed.
      305 NE Highway 66 Highway, Sayre, OK 73662
      View Details

    FAQs

    What type of property is this?
    Flex space - Commercial property with updated features and warehouse space for sale.
    Where is this flex space located?
    The property is located at 302 W Main Street Sayre, OK.
    What is the asking price?
    The asking price for this property is $62,500.
    What are key features of this property?
    This property features: Affordable commercial property on West Main Street in Sayre, Oklahoma.; Large warehouse with overhead door.; **Updated interior with tiled floors, fresh paint, and crown molding.**
    (580) 225-4379
    We can help!
    Listing Contact
    Kelli Rippetoe
    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

    Thank You for Inquiry
    302 W Main Street, Sayre, OK 73662
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!