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    1603 N Main St Fairview, OK 73737

    For Sale
    $400,000

    56-unit self-storage facility with value-add potential in Fairview, OK.

    Property size:
    9,450 SF

    Property Features for 1603 N Main St

    General Information

    Size
    9,450 SF

    Source: Drew Gannon, CCIM Agent Drew Gannon, CCIM

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

    Overview

    Value-Add Self-Storage Facility Opportunity

    The property features a 56-unit self-storage facility, encompassing a total of 9,150 net rentable square feet on a 5.09-acre lot. The unit mix includes 3 units at 5'x10', 6 units at 10'x10', 22 units at 10'x15', 24 units at 10'x20', and 1 unit at 10'x30'. Currently, the facility operates at 89% physical occupancy. There is potential for operational growth and additional income through the reimplementation of a former RV and mobile home park, which includes 17 existing spaces with utilities available on site. The property is located in Fairview, Oklahoma, which has a population of 2,721 and a regional trade area of over 17,000. The current monthly scheduled rents are $3,562. This asset offers consistent cash flow and long-term upside for investors seeking a well-positioned storage opportunity in a small market. Fairview was ranked the 22nd safest city in Oklahoma in 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Donner-Springs Storage - Fairview ... Self-Storage Facility

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairview
    County
    Major
    State
    Oklahoma
    Longitude
    -98.479804
    Latitude
    36.284741

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    FAQs

    What type of property is this?
    Self storage facility - 56-unit self-storage facility with value-add potential in Fairview, OK.
    Where is this self storage facility located?
    The property is located at 1603 N Main St Fairview, OK.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - High physical occupancy (89%) indicates strong current demand.; - Significant value-add opportunity through operational improvements and re-establishment of a 17-space RV/mobile home park with existing utilities.; - Located in a stable market (Fairview, OK) with a regional trade area population exceeding 17,000.
    (316) 680-1108
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    1603 N Main St Fairview, OK 73737
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    Fairview, OK 73737
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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
    1603 N Main St Fairview, OK 73737
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