Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2421 Falcon Rd Altus, OK 73521

    Sponsored
    For Sale
    $190,000

    High-potential commercial property near Air Force Base.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 0.5-acre commercial property, located at 2421 E Falcon Road in Altus, Oklahoma, presents a unique investment opportunity. Situated at the entrance to Altus Air Force Base, this strategically positioned lot offers unparalleled visibility and accessibility. The existing building, while currently vacant, boasts significant potential for redevelopment. Previously used for fuel storage, the tanks have been removed, leaving a completely open interior space. This blank canvas allows for versatile adaptation to a wide range of commercial uses, minimizing initial construction costs. The property's legal description is 9-2N-20 ALTUS UNP.PT SE 1/4 BEG SE COR SE 1/4 N 260.7' W 218'S 260.7 E 218 FT TO BEG. Its corner location ensures maximum exposure to high traffic volume, making it ideal for businesses seeking high visibility. The property is priced competitively at $190,000, offering a strong return on investment for the right buyer. The absence of interior walls and fixtures provides a flexible layout, allowing for customization to suit specific business needs. This property is ready for immediate development and represents a rare chance to capitalize on a prime location near a major military installation. Don't miss this opportunity to secure a valuable asset in a thriving community.

    Property Features for 2421 Falcon Rd

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1970
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Altus
    County
    Jackson
    State
    Oklahoma
    Longitude
    -99.30128
    Latitude
    34.65246

    Nearby Similar for Sale

    • $1,250,000
      7,540 SF

      Altus Automotive and Retail Investment

      Established automotive and retail property with significant inventory and real estate.
      1420 W Broadway St, Altus, OK 73521
      View Details
    • $349,000
      3,780 SF

      Versatile Business Complex on Broadway

      Multi-storefront commercial complex in Altus, Oklahoma's business district.
      2300 E Broadway St, Altus, OK 73521
      View Details
    • $225,000
      2,940 SF

      Altus Restaurant or Retail Opportunity

      Versatile commercial property suitable for restaurant, retail, or office use.
      114 E Cypress St, Altus, OK 73521
      View Details
    • $1,713,315
      4,854 SF

      Applebee's NNN Investment Opportunity

      NNN leased Applebee's with annual rent increases in Altus, OK.
      3501 N Main St, Altus, OK 73521
      View Details
    • $225,000
      5,044 SF

      Garage and Warehouse on Falcon

      Garage and warehouse with two spaces for sale on Falcon.
      921 Falcon Rd, Altus, OK 73521
      View Details
    • $5,000,000
      121,124 SF

      85,453 SF Retail Center

      Retail center anchored by Dunham's Sports on 8.36 acres.
      1100-1121 N Main St, Altus, OK 73521
      View Details
    • $349,000
      3,780 SF

      Altus Multi-Storefront Complex

      Three storefronts, prime Broadway location.
      2300 Broadway St, Altus, OK 73521
      View Details
    • $319,000
      2,415 SF

      Altus Office Building - Great Location

      Remodeled Office Building with Ample Parking
      1904 Broadway St, Altus, OK 73521
      View Details
    • $922,000
      4.96 Acres

      Altus Hwy 283 Commercial Land

      Prime Altus location, high visibility, development potential.
      3306 Main St, Altus, OK 73521
      View Details
    • $115,000
      4.88 Acres

      Altus Commercial Land - Huge Potential

      Prime Altus location, 4.88 acres, month-to-month lease.
      2115 Broadway St, Altus, OK 73521
      View Details
    • $1,200,000
      0.12 Acres

      Altus Restaurant - Turnkey Opportunity

      Established eatery, prime location, high traffic.
      1104 Spurgeon St, Altus, OK 73521
      View Details
    • $350,000
      9,900 SF

      Altus Commercial Building - Huge Potential

      Historic building, gun range, ample space.
      113 Main St, Altus, OK 73521
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-potential commercial property near Air Force Base.
    Where is this commercial real estate located?
    The property is located at 2421 Falcon Rd Altus, OK.
    What is the asking price?
    The asking price for this property is $190,000.
    (580) 819-1396
    Request Owner's contact information
    2421 Falcon Rd Altus, OK 73521
    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.
    2421 Falcon Rd
    Altus, OK 73521
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    2421 Falcon Rd Altus, OK 73521
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.