Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    113 S Main Street Altus, OK 73521

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $250,000

    Adaptable building offering diverse possibilities for future utilization.

    Type:Commercial/Industrial
    Property size:
    9,900 SF
    Price / SF:
    $25/SF
    Added:
    Mar 11, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 5 at 9:10 pm

    Property Features for 113 S Main Street

    General Information

    Standard status
    Active
    Size
    9,900 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Diane Dykens

    Listing agent Diane Dykens License #086130

    Listing office C-21 Altus Prestige, Inc.

    Listing date Mar 11, 2026

    Source Exitrealty

    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 C-21 Altus Prestige, Inc.

    Overview

    Versatile Building with Flexible Space

    This building offers numerous possibilities for future use. The property features several classrooms and ample space that allows for creative utilization. The upper floor comprises 38 interconnected rooms, offering significant flexibility for various uses. Additionally, the adjacent building provides substantial storage space along with office areas suitable for crafts or other purposes. This property presents a wide range of opportunities for prospective owners. The property size is 9900 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Yellow Rose Firing ... Shooting Range

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Altus
    County
    Jackson
    State
    Oklahoma
    Longitude
    -99.334
    Latitude
    34.6378

    Nearby Similar for Sale

    • $349,000
      3,780 SF

      Altus, Oklahoma Business Complex

      Multi-faceted business complex with three storefronts on Broadway.
      2300 E Broadway Street, Altus, OK 73521
      View Details
    • $1,250,000
      7,540 SF

      Altus Automotive Business and Property

      Established auto shop with inventory, assets, and real estate.
      1420 W Broadway Street, Altus, OK 73521
      View Details
    • $400,000
      11,550 SF

      Two-Story Brick Office Building

      Two-story commercial office building near major businesses and franchises.
      111 Sequoyah Ln, Altus, OK, 73521-1756
      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
      View Details
    • $320,000
      990 SF

      Aviation Property with Runway, Hangar

      16.5-acre aviation property with hangar and living quarters.
      20191 US-62, Altus, OK 73521
      View Details
    • $350,000
      2,542 SF

      Prime Location Commercial Property

      2500 sq ft commercial space in high-traffic Altus location.
      720 N Main Street, Altus, OK 73521
      View Details
    • $1,200,000

      Altus Restaurant in Prime Location

      Established restaurant with strong brand and loyal clientele in Altus.
      1104 N Spurgeon Street, Altus, OK 73521
      View Details
    • $319,000
      2,415 SF

      Remodeled Commercial Building in Altus

      Remodeled block building with office, bays, and ample parking.
      1904 E Broadway Street, Altus, OK 73521
      View Details
    • $399,750
      9,600 SF

      Warehouse on Large Lot

      9,600 SF warehouse on approximately 0.98 acres.
      711 Recycle Dr, Altus, OK 73521
      View Details
    • $600,000
      2,496 SF

      Former Convenience Store and Gas

      Building and lot on high traffic corner in Altus.
      1120 E Falcon Road Street, Altus, OK 73521
      View Details
    • $319,000
      2,415 SF

      Remodeled Office Building with Parking

      Remodeled office building with ample parking in commercial area.
      1904 E Broadway Street, Altus, OK 73521
      View Details
    • $400,000
      2,948 SF

      Restaurant Building For Sale

      Established restaurant building generating rental income.
      1221 N Grady St, Altus, OK 73521
      View Details

    FAQs

    What type of property is this?
    School - Adaptable building offering diverse possibilities for future utilization.
    Where is this school located?
    The property is located at 113 S Main Street Altus, OK.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Significant flexibility with **38 interconnected rooms on the upper floor.**; **Ample space and several classrooms allow for creative utilization.**; Substantial storage space and office areas in the adjacent building.
    (580) 482-0621
    We can help!
    Listing Contact
    Diane Dykens
    Real Estate License ID: 086130
    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

    113 S Main Street, Altus, OK 73521

    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!