Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lake Texoma Investment Opportunity Title is generated by Realmo AI

    3048 Kelly Road, Kingston, OK 73439

    View on Map
    Claim this Listing
    For Sale
    $375,000

    COMMERCIAL - Kingston, OK

    Property size:
    3,570 SF
    Lot size:
    1.42 Acres
    Price / SF:
    $105/SF
    Added:
    Dec 17, 2025
    Days on Market:
    149
    Last Refresh:
    May 15 at 7:06 am

    Property Features for 3048 Kelly Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    High Speed Internet
    Exterior features
    Storage
    Fencing
    Chain Link
    Standard status
    Active
    Size
    3,570 SF
    Lot size
    1.42 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Sec. 10-8-5; 1.42 acres mol. See attached assessor's legal description
    Tax Annual Amount
    2286

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Flooring type
    Carpet, Vinyl
    Building materials
    Aluminum
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Ken Wheeler

    Listing agent Ken Wheeler License #147004

    Listing office Lake Texoma Real Estate Compan 405 Hwy 32, Kingston, OK

    Listing date Dec 17, 2025

    MLS# 2550622

    Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Less than 1/4 mile to Lake Texoma and 2 boat ramps.
    • 18 boat storage units on the property.
    • Potential to add more boat storage or cabins for VRBO.
    • Includes a 2 bedroom/2 bath single wide residence.
    • Property is fully fenced.
    • Metal roof.

    Overview

    This property presents an investment opportunity, situated less than 1/4 mile from Lake Texoma and two boat ramps in Cardinal Cove. It includes 18 boat storage units, with space available to add more storage or cabins for vacation rentals. The property also features a 2-bedroom, 2-bath single wide mobile home, currently occupied by the owners. The property is fenced and covers 1.42 acres. The property is located in Kingston, OK.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marinas

    Map

    City
    Kingston
    County
    Marshall
    State
    Oklahoma
    Longitude
    -96.716
    Latitude
    33.947

    Nearby Similar for Sale

    • $650,000
      3,276 SF

      Kingston Commercial Property with Business

      Established welding and boat house construction business near Lake Texoma.
      401 Hwy 70 N, Kingston, OK 73439
      View Details
    • $289,000
      3,060 SF

      Kingston Commercial Property For Sale

      Commercial property with high visibility and easy access off Hwy 70.
      509 Highway 70 E, Kingston, OK 73439
      View Details
    • $899,000
      3,002 SF

      Kingston Car Wash Investment Opportunity

      Well-maintained car wash near Hardrock Casino with significant cost savings.
      512 Highway 70 E, Kingston, OK 73439
      View Details
    • $150,000
      1,800 SF

      Kingston Commercial Building on Highway

      1800 sq ft building on Hwy 70 N frontage.
      1111 Hwy 70, Kingston, OK 73439
      View Details
    • $450,000
      4,572 SF

      Commercial Property Near Lake Texoma

      Commercial opportunity near Lake Texoma with potential rental income.
      5268 S Highway 377, Kingston, OK 73439
      View Details
    • $349,000

      Remodeled A-Frame Retreat on Acres

      Fully remodeled A-frame on 5 acres near Lake Texoma.
      5357 Ranch Kingston, OK 73439, Kingston, OK 73439
      View Details
    • $550,000

      Boat and RV Storage Business

      Boat and RV storage business near Lake Texoma for sale.
      5754 Alberta Creek Rd, Kingston, OK, 73439-5582
      View Details
    • $899,000
      3,002 SF

      Well-Maintained Car Wash Investment

      Car wash facility with high CAP rate in growing area.
      512 Highway 70 E, Kingston, OK 73439
      View Details

    FAQs

    What type of property is this?
    Marina - Near Lake Texoma with boat storage and living quarters.
    Where is this marina located?
    The property is located at 3048 Kelly Road Kingston, OK.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Less than 1/4 mile to Lake Texoma and 2 boat ramps.; 18 boat storage units on the property.; Potential to add more boat storage or cabins for VRBO.
    (580) 564-5839
    We can help!
    Listing Contact
    Ken Wheeler
    Real Estate License ID: 147004
    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

    Thank You for Inquiry
    3048 Kelly Road, Kingston, OK 73439
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!