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    1116 North Main St, Unit | Altus Altus, OK 73521

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    For Sale
    $5,000,000

    121,124 SF retail center with national tenants and growth potential.

    Property size:
    121,124 SF

    Property Features for 1116 North Main St

    General Information

    Size
    121,124 SF

    Building Details

    Year built
    1970

    Source: Paul Ravencraft Agent Paul Ravencraft

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

    Overview

    Retail Center Value-Add Investment Opportunity

    Altus Plaza is a 121,124 square foot shopping center on 8.36 acres, anchored by a newly opened Dunham's Sports. The tenant mix includes national brands such as Family Dollar, Rent-A-Center, and US Cellular, alongside regional and local retailers. Located at the signalized corner of North Main Street (US 283) and Falcon Road, the site offers direct frontage on US 283 with high visibility and easy access. Altus is the retail hub for southwest Oklahoma, anchored by Altus Air Force Base and Western Oklahoma State College. Nearby retailers include Hobby Lobby, Locke Supply, Ace Hardware, Bealls and a Walmart Supercenter. The property offers immediate leasing opportunities for select inline suites and potential for NOI growth through market-rate adjustments. The property generates an annual NOI of approximately $490,129 at a cap rate of 9.8%.
    Location Intelligence

    Current Use by Public Records

    Sweet Life Treats Candy Store Air Force Recruiting ... Recruiter US Army Recruiting ... Recruiter Total Medical Personnel ... Nursing Agency US Marine Corps ... Corporate Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Altus Plaza Shopping Center & Indoor Mall

    Location Insight

    • Map
    • Local Demand
    City
    Altus
    County
    Jackson
    State
    Oklahoma
    Longitude
    -99.33382
    Latitude
    34.648668

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    FAQs

    What type of property is this?
    Shopping center - 121,124 SF retail center with national tenants and growth potential.
    Where is this shopping center located?
    The property is located at 1116 North Main St, Unit | Altus Altus, OK.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - Attractive 9.8% cap rate with approximately $490,129 annual NOI.; - Anchored by a newly opened Dunham's Sports, increasing foot traffic.; - Immediate upside potential through leasing of vacant suites and market-rate adjustments.
    (405) 226-5467
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    1116 North Main St, Unit | Altus Altus, OK 73521
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    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
    1116 North Main St, Unit | Altus Altus, OK 73521
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