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    500 S Main St Fairfax, OK 74637

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    For Sale
    $1,475,000

    New construction retail property with long-term corporate lease.

    Property size:
    10,500 SF
    Lot size:
    0.96 Acres

    Property Features for 500 S Main St

    General Information

    Size
    10,500 SF
    Lot size
    0.96 Acres

    Source: Marcus & Millichap | Phoenix Agent Mark Ruble

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

    Overview

    New Retail Store For Sale

    This retail property features a brand new, high-quality construction completed in 2024. It is currently under a 10-year corporate lease with a Family Dollar and Dollar Tree combo store. The lease includes rental increases during each renewal option period. The property benefits from a 20-year roof warranty. Situated along Main Street, the primary thoroughfare in Fairfax, Oklahoma, the location has limited competition, being one of only two discount/dollar stores within a 20-mile radius. Family Dollar/Dollar Tree combo stores average 20 percent more in sales than traditional Family Dollar locations. The property is within a 20-mile radius of 14,043 residents with an average household income exceeding $62,000. The property size is 10,500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fairfax Feed & Ranch Animal Feed Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfax
    County
    Osage
    State
    Oklahoma
    Longitude
    -96.703952
    Latitude
    36.565195

    FAQs

    What type of property is this?
    Grocery and convenience store - New construction retail property with long-term corporate lease.
    Where is this grocery and convenience store located?
    The property is located at 500 S Main St Fairfax, OK.
    What is the asking price?
    The asking price for this property is $1,475,000.
    What are key features of this property?
    This property features: - Brand new 10-year corporate lease with Family Dollar and Dollar Tree combo store.; - Limited competition - one of two discount/dollar stores within a 20-mile radius.; - Family Dollar / Dollar Tree combo stores average 20 percent more in sales.
    (602) 770-2935
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    500 S Main St Fairfax, OK 74637
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    500 S Main St
    Fairfax, OK 74637
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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
    500 S Main St Fairfax, OK 74637
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