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

    1603 N Main St Fairview, OK 73737

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $400,000

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

    Type:Industrial
    Property size:
    9,450 SF
    Added:
    Nov 22, 2025
    Days on Market:
    133
    Last Refresh:
    Dec 3 at 5:08 am

    Property Features for 1603 N Main St

    General Information

    Standard status
    Active
    Size
    9,450 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Clarissa Swartzlander

    Listing agent Clarissa Swartzlander License #3535615

    Listing office RE/MAX SIGNATURE

    Listing date Nov 22, 2025

    Source Naiglobal

    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 RE/MAX SIGNATURE

    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 ... Storage Facility

    Suggested Use

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

    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

    Nearby Similar for Sale

    • $275,000

      Versatile Commercial Shop Buildings

      Two commercial shop buildings on approximately one acre.
      2002 S Main St, Fairview, OK 73737
      View Details
    • $275,000

      Fairview Commercial Meat Packing Plant

      Butcher shop and meat packing plant on city block.
      216 N Santa Fe Street, Fairview, OK 73737-1628
      View Details
    • $400,000
      9,150 SF

      Self-Storage Facility with RV Potential

      56-unit self-storage on 5.09 acres with RV park potential.
      1603 N Main St, Fairview, OK 73737
      View Details
    • $400,000
      9,150 SF

      Value-Add Self-Storage Facility Opportunity

      56-unit self-storage facility with RV park potential in Fairview, OK.
      1603 N Main St, Fairview, OK 73737
      View Details
    • $400,000

      Self-Storage Facility with RV Potential

      56-unit self-storage with RV park potential in Fairview, OK.
      Waldon Blvd, Fairview, OK
      View Details
    • $244,000
      7,500 SF

      7500 SqFt Warehouse For Sale

      7500 SqFt warehouse with cranes, offices, and restroom.
      1925 Industrial Blvd, Fairview, OK
      View Details
    • $1,200,000
      17,400 SF

      Industrial Warehouse with Office Space

      Spacious warehouse with office, grow facility setup on 9 acres.
      801 W Oklahoma, Fairview, OK
      View Details
    • Contact for pricing
      41,286 SF

      Industrial Buildings on Highway Frontage

      Multiple buildings on 6.68 acres with highway frontage.
      1700 N Main St, Fairview, OK
      View Details

    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.
    We can help!
    Listing Contact
    Clarissa Swartzlander
    Real Estate License ID: 3535615
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!