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    Highway 66 Commercial Building Title is generated by Realmo AI

    306 E Highway 66, Wellston, OK 74881

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    For Sale
    $209,000

    SINGLE_FAMILY - Wellston, OK

    Type:Office
    Property size:
    1,350 SF
    Lot size:
    0.56 Acres
    Price / SF:
    $154/SF
    Added:
    Mar 3, 2026
    Days on Market:
    88
    Last Refresh:
    May 30 at 1:06 am

    Property Features for 306 E Highway 66

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    Commercial
    Standard status
    Active
    APN
    306EHighway6674881
    Size
    1,350 SF
    Lot size
    0.56 Acres

    Utilities

    Heating system
    Zoned
    Cooling system
    Zoned

    Building Details

    Year built
    1977
    Building materials
    Brick

    We can help!

    Listing Contact
    Jamie Barnes Saxon

    Listing agent Jamie Barnes Saxon License #147759

    Listing office Oklahoma Country Homes 306 E Hwy 66, Wellston, OK

    Listing date Mar 3, 2026

    MLS# 1216897

    Copyright © 2026 MLSOK, 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

    • Prime Highway 66 frontage location with high visibility.
    • Close proximity to turnpike gates, OnCue, and Dollar General.
    • Recently remodeled top‑to‑bottom, including new metal roofing in 2024.
    • Potential for immediate rental income with two existing businesses interested in continued lease.
    • Versatile space suitable for various business or office uses.
    • Half‑acre lot with privacy fenced outside area and high chain fencing on 3 sides.

    Overview

    Located on a 0.56-acre lot on Highway 66, this commercial building in Wellston, Oklahoma, offers high visibility and an attractive style suitable for various business or office uses. Situated less than 1000 feet from turnpike gates, an OnCue, and a Dollar General, the property features a large open reception area, four office spaces, and a bathroom area. It also includes a privacy-fenced outside area and is high chain-fenced on three sides. The building has been completely remodeled, including the addition of a pitch to the roof and the installation of metal roofing in 2024. Currently, the building houses four businesses. Two of the businesses are interested in continuing their leases with the new owner, subject to negotiation. One business is relocating, and Omni Connected Health & Wellness would consider selling its business, including all equipment, to the new owner at an additional cost. Otherwise, all equipment related to the Health & Wellness Center will be removed prior to closing. Desks, furniture, and decor are negotiable, or the building can be completely cleared out. This property presents a rare opportunity for businesses, offices, or investment.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $20.6k $15.24
    − Vacancy −$5.3k −$3.93
    EGI $15.3k $11.31
    − OpEx −$3.8k −$2.83
    NOI $11.4k $8.48
    1,350 SF · lease $15.24/SF/yr · vacancy 25.80% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $163.6K
    $143.1K – $190.8K (±1% cap)
    NOI $11,449 @ 7.0% cap · market cap 5.48%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $326.3K
    $285.5K – $380.7K (±1% cap)
    NOI $22,842 @ 7.0% cap · market cap 10.93%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Kitchen & Bath Showroom Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Wellston
    County
    Lincoln
    State
    Oklahoma
    Longitude
    -97.058452
    Latitude
    35.681249

    Nearby Similar for Sale

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      2,204 SF

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      View Details
    • $175,000
      3,200 SF

      Downtown Wellston Commercial Building For Sale

      3200 SF commercial building in downtown Wellston, Oklahoma.
      309 W 2nd Street, Wellston, OK 74881
      View Details

    FAQs

    What type of property is this?
    Office units - Remodeled office building on Highway 66 in Wellston, Oklahoma.
    Where is this office units located?
    The property is located at 306 E Highway 66 Wellston, OK.
    What is the asking price?
    The asking price for this property is $209,000.
    What are key features of this property?
    This property features: Prime Highway 66 frontage location with high visibility.; Close proximity to turnpike gates, OnCue, and Dollar General.; Recently remodeled top‑to‑bottom, including new metal roofing in 2024.
    (405) 820-2345
    We can help!
    Listing Contact
    Jamie Barnes Saxon
    Real Estate License ID: 147759
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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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