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

    206 N 16th Street Durant, OK 74701

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $74,900

    Commercial building suitable for retail or office use.

    Type:commercial/industrial
    Property size:
    932 SF
    Lot size:
    0.14 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    18
    Last Refresh:
    Mar 25 at 11:11 pm

    Property Features for 206 N 16th Street

    General Information

    Standard status
    Active
    Size
    932 SF
    Lot size
    0.14 Acres
    Property subtype
    commercial/industrial

    Building Details

    Year Built
    1938

    We can help!

    Listing Contact
    Taylor Downs

    Listing agent Taylor Downs

    Listing office Turnkey Realty, LLC

    Listing date Mar 16, 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 Turnkey Realty, LLC

    Overview

    Commercial Building Near Downtown

    This 932 square foot commercial building is located on the corner of Evergreen and 16th, near downtown and main street, with proximity to HWY 69/75. The property is suitable for a retail office or other commercial use, presenting an opportunity for a growing business.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Durant
    County
    Bryan
    State
    Oklahoma
    Longitude
    -96.392432
    Latitude
    33.996473

    Nearby Similar for Sale

    • $525,000
      3,200 SF

      Equipped Restaurant Building For Sale

      Turn-key restaurant near schools, hospital, and shopping in Durant, OK.
      1016 N Washington, Durant, OK 74701
      View Details
    • $999,999
      4,128 SF

      Versatile Commercial Building on Highway 70

      Highway frontage property suitable for various business ventures.
      9125 W Highway 70, Durant, OK 74701
      View Details
    • $290,000
      6,588 SF

      Versatile Commercial Space in Durant

      Multi-use commercial property with high visibility in downtown Durant.
      620 N 1st Avenue, Durant, OK 74701
      View Details
    • $330,000
      2,000 SF

      Main Street Showroom in Durant

      High-visibility showroom with flexible layout and parking in Durant, OK.
      1020 W Main, Durant, OK 74701
      View Details
    • $490,000
      3,200 SF

      Rustic Barn and Charming Farmhouse

      Wedding venue or barndo conversion opportunity near Choctaw Casino.
      22565 US Hwy 70, Durant, OK 74701
      View Details
    • $300,000
      372 SF

      Commercial Lot with Brick Office

      7,350 sq ft paved lot with solid brick office.
      1002 N 1st, Durant, OK 74701
      View Details
    • $225,000
      312 SF

      Durant Commercial Space on Main

      Compact retail or office space with high visibility on Main.
      1002 W Main Street, Durant, OK 74701
      View Details
    • $195,000
      2,023 SF

      Historic Downtown Commercial Property

      1928 commercial property in Durant's historic downtown.
      210 W Evergreen Street, Durant, OK 74701
      View Details
    • $801,500

      Multi-Building Property on 2.5 Acres

      Versatile property with two buildings, ideal for various commercial ventures.
      82 Casey Lane, Durant, OK 74701
      View Details
    • $120,000
      2,462 SF

      Durant Commercial Landmark Opportunity

      Prime commercial space with historical significance in Durant, Oklahoma.
      116 N 9th, Durant, OK 74701
      View Details
    • $180,000
      2,016 SF

      Durant Commercial Building on 9th

      Updated commercial building in Durant, OK with open floor plan.
      601 S 9th Highway, Durant, OK 74701
      View Details
    • $245,000
      1,559 SF

      Durant Triplex Investment Opportunity

      Well-maintained triplex in Durant with income potential.
      817 W Cedar, Durant, OK 74701
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial building suitable for retail or office use.
    Where is this retail space located?
    The property is located at 206 N 16th Street Durant, OK.
    What is the asking price?
    The asking price for this property is $74,900.
    What are key features of this property?
    This property features: Prime corner location at Evergreen and 16th.; Suitable for retail, office, or other commercial use.; Close proximity to downtown and main street.
    (580) 920-2328
    We can help!
    Listing Contact
    Taylor Downs
    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!