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    1744 E Carl Albert Pkwy McAlester, OK 74501

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    Retail spaces available in McAlester's Tandy Shopping Center.

    Type:Retail, Restaurant
    Property size:
    119,750 SF
    Added:
    Mar 19, 2024
    Days on Market:
    754
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 1744 E Carl Albert Pkwy

    General Information

    Standard status
    Active
    Size
    119,750 SF
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 1744 E Carl Albert Pkwy Contact us

    15,000 SF In-line for Lease - Former SAL $7 /Mo

    Size
    15,014 SF
    Type
    Retail
    Formerly Save-A-Lot, this space offers approximately 115' of frontage, visibility...
    show more
    Contact us

    Drive-thru Outparcel 2,900 SF $21 /Mo

    Size
    2,900 SF
    Type
    Retail, Restaurant
    The building is a former restaurant believed to be 2,900-sf, on a 31,400-sf pad site....
    show more
    Contact us

    We can help!

    Listing Contact
    Lisa Estrada-Perdue

    Listing agent Lisa Estrada-Perdue License #200190

    Listing office Vertical Commercial Real Estate

    Listing date Mar 19, 2024

    Source Crexi

    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 Vertical Commercial Real Estate

    Overview

    Retail Space in Tandy Center

    Located within the Tandy Shopping Center in McAlester, Oklahoma, these spaces offer visibility from E Carl Albert Parkway and N George Nigh Expressway. The Tandy Town Shopping Center is a 119,750 square foot shopping center situated on the southeast corner of Carl Albert Parkway and Highway 69 By-Pass. Traffic counts within a 1-mile radius of the shopping center show 29,900 vehicles per day along South George Nigh Expressway and 18,900 vehicles per day on East Carl Albert Parkway. The average household income within a ten mile radius is approximately $65,000.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • Tandy Town Shopping Center — 131 N George Nigh Expy, McAlester, OK 74501

    Location Insight

    • Map
    • Local Demand
    City
    McAlester
    County
    Pittsburg
    State
    Oklahoma
    Longitude
    -95.742802
    Latitude
    34.927454

    Nearby Similar for Lease

    • Contact for pricing

      Modern Office Space Available

      Remodeled office space with high traffic location in McAlester.
      320 E Carl Albert Parkway, McAlester, OK 74501
      View Details
    • Contact for pricing

      Modern Office Space Available

      Modern office space with reception area and natural lighting.
      320 E Carl Albert Parkway, #B1, McAlester, OK 74501
      View Details
    • $15/mo

      Commercial Kitchen with 20' Vent

      Commercial kitchen space available for rent with 20' vent.
      1710 E Carl Albert Pkwy, Mcalester, OK 74501
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for rent.
      1750 East Carl Albert Parkway, McAlester, OK 74501
      View Details
    • Contact for pricing

      Drive-Thru Restaurant Space Available

      Commercial space available for lease, ideal for drive-thru restaurant.
      1750 East Carl Albert Parkway, McAlester, OK 74501
      View Details
    • Contact for pricing

      Retail Space on George Nigh

      1,500 SF retail suite in McAlester, Oklahoma.
      418 S George Nigh Expy, McAlester, OK 74501
      View Details
    • $3/mo

      Versatile Industrial Space for Lease

      20,375 SF industrial space with loading docks and ample parking.
      820 Industrial Rd, McAlester, OK
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in McAlester's Tandy Shopping Center.
    Where is this shopping center located?
    The property is located at 1744 E Carl Albert Pkwy McAlester, OK.
    What are key features of this property?
    This property features: High visibility location at the intersection of E Carl Albert Pkwy & N George Nigh Expwy.; Located within the established Tandy Town Shopping Center.; Significant traffic count: 29,900 vehicles per day on South George Nigh Expressway.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lisa Estrada-Perdue
    Real Estate License ID: 200190
    Learn More
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    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
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