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    Multifamily Apartment Building Opportunity Title is generated by Realmo AI

    201 Beeler ST, Poteau, OK 74953

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    For Sale
    $1,325,000

    MULTI_FAMILY - Poteau, OK

    Type:Apartment
    Property size:
    19,682 SF
    Lot size:
    0.97 Acres
    Price / SF:
    $67/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 201 Beeler ST

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    APN
    Q500-24-07N-25E-0-038-00
    Size
    19,682 SF
    Lot size
    0.97 Acres

    Taxes and HOA fees

    Tax Description
    POTEAU TOWNSHIP ADD SEC 24 TWP 7N RNG 25E PT SW NE SW BEG 159 N SE COR W156 N269 E156 S269 POB B1491 P836 B1955 P706 B2022 P253 POOLSIDE APTS.
    Tax Annual Amount
    3196

    Utilities

    Heating system
    Baseboard
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1973
    Floors in Building
    2
    Number of units
    25
    Flooring type
    Vinyl, Tile - Ceramic
    Roof type
    Shingle

    We can help!

    Listing Contact
    Joshua Harmon
    Joshua Harmon

    Listing agent Joshua Harmon License #PB00080746

    Listing office Harmon Real Estate Company 911 S May Avenue, Fort Smith, OK

    Listing date Jun 3, 2026

    MLS# 1089513 Listing URL

    Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 21 units currently leased and paying; 4 additional units are down for light make‑ready and expected back online
    • Leases signed for 2025 and 2026 are well above most of the building’s current rents, per the rent roll
    • Baseboard heating with window unit cooling
    • Vinyl and ceramic tile flooring
    • Shingle roof
    • Year built: 1973

    Overview

    This multifamily apartment building includes 25 units total, with 21 units currently leased and paying rent. Four units are temporarily down for light make-ready and are described as being in progress and back online. The opportunity is positioned around an operations-driven stabilization approach, with the current income picture expected to improve as the make-ready units return to service.

    The property is located at 201 Beeler St in Poteau, Oklahoma, in Leflore County. Poteau is identified as the LeFlore County seat, about 35 minutes from Fort Smith, Arkansas, with a renter base supported by named area employers and institutions including Eastern Oklahoma Medical Center, Choctaw Nation regional health facilities, Walmart, OK Foods, and Carl Albert State College.

    For investors and buyers, the listing highlights signed lease activity for 2025 and 2026, noting that these leases are well above what most of the building is paying today, with the rent gap described as closing through renewals. The offering is available standalone or as part of the five-property Poteau Apartments Portfolio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Heather Apartments Apartment Building

    Suggested Use

    Restaurant Real Estate Agency 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.

    Location Insight

    • Map
    • Local Demand
    City
    Poteau
    County
    Le Flore
    State
    Oklahoma
    Longitude
    -94.622652
    Latitude
    35.062757

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    FAQs

    What type of property is this?
    Apartment building - An income-generating apartment building with 21 leased units and four units in light make-ready status.
    Where is this apartment building located?
    The property is located at 201 Beeler ST Poteau, OK.
    What is the asking price?
    The asking price for this property is $1,325,000.
    What are key features of this property?
    This property features: 21 units currently leased and paying; 4 additional units are down for light make‑ready and expected back online; Leases signed for 2025 and 2026 are well above most of the building’s current rents, per the rent roll; Baseboard heating with window unit cooling
    (479) 719-0344
    We can help!
    Listing Contact
    Joshua Harmon
    Joshua Harmon
    Real Estate License ID: PB00080746
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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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