Tenant-Occupied Storefront
For Sale
$100,000
997 Us Hwy 70a, Wilson, OK 73463
Single-story commercial building with municipal utilities, electric service, and zoned heating and cooling.
Property Size640 SF
Price / SF$156.25
Days on Market38
Property Features for 997 Us Hwy 70a
General Information
Standard status
Active
Size
640 SF
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1970
Listing Agency:
White Buffalo Realty, Inc.
Listed By:
Candace Storms · License #159480
(580) 678-2365
Source:
Initialpointrealtyok
Added: Aug 1
Changed: Sep 3
Last Checked: Sep 6 at 10:15AM
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 White Buffalo Realty, Inc.
Investment Insights
Based on property information with market context.
This storefront property includes a front building with an established long-term tenant. The building was constructed in 1970 and is described as clean and well maintained. Interior systems include a split HVAC arrangement with zone-based air conditioning, while exterior lighting is also present.
The property is situated along US Hwy 70A in Wilson, Oklahoma. City water, city sewer, and electricity serve the building, providing core utility infrastructure for ongoing commercial occupancy. The available property information identifies a 640 property size and does not specify the measurement unit.
The property is situated along US Hwy 70A in Wilson, Oklahoma. City water, city sewer, and electricity serve the building, providing core utility infrastructure for ongoing commercial occupancy. The available property information identifies a 640 property size and does not specify the measurement unit.
Key Highlights
- Front building occupied by a long‑term tenant
- 640 property size
- City water, city sewer, and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$5,204
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$104,080
$104.1K
Cap Rate 7%
$74,343
$74.3K
Cap Rate 9%
$57,822
$57.8K
Market Conditions
NOI Build-Up for 640 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$8.4K $13.20/SF
− Vacancy
−$1.0K −$1.58/SF
EGI
$7.4K $11.62/SF
− OpEx
−$2.2K −$3.48/SF
NOI
$5.2K $8.13/SF
Area
Carter County, OK
Vacancy
12.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$104,080
Cap Rate 7%
$74,343
Cap Rate 9%
$57,822
Alternative Uses
Best Use
Retail
$74.3K
$65.1K – $86.7K
NOI $5,204 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$164.1K
$143.6K – $191.5K
NOI $11,489 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73463, OK
3,365
Population
1,709
Households
2
Avg Household Size
43
Median Age
11%
College-Educated
87%
High-School Grad
209.9 sq mi
ZIP Area
16
Density / Sq Mi
$56,372
Median Household Income
$42,538
Median Earnings
$783
Median Rent
$107,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Single-story commercial building with municipal utilities, electric service, and zoned heating and cooling.
Where is this storefront property located?
The property is located at 997 Us Hwy 70a Wilson, OK.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Front building occupied by a long‑term tenant; 640 property size; City water, city sewer, and electricity
