Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lots at Auction Title is generated by Realmo AI

    Parcel 2 & 4 main Street, Watts, OK 74964

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Two commercial lots for sale at auction in Watts, OK.

    Type:Lots/Land
    Added:
    Mar 20, 2026
    Days on Market:
    75
    Last Refresh:
    Apr 9 at 8:13 pm

    Property Features for Parcel 2 & 4 main Street

    General Information

    Standard status
    Active
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Delton Williams
    Delton Williams

    Listing agent Delton Williams License #PB00054955

    Listing office Crye-Leike REALTORS, Gentry

    Listing date Mar 20, 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 Crye-Leike REALTORS, Gentry

    HighLights

    • Two commercial lots being sold.
    • Absolute Auction on April 13th, 2026.
    • Property sold AS IS.
    • Closing on or about 30 days from auction date.
    • 10% buyer's premium.
    • Buyer and seller share closing costs.

    Overview

    Two commercial lots are being sold AS IS at Absolute Auction on April 13th, 2026, at 11:00 am at the Holiday Inn in Siloam Springs. Terms include 10% down on the day of the auction, with the balance due in cash or certified funds at closing approximately 30 days from the auction date. A 10% buyer's premium will be added to the bid amount to establish the total contract price. The buyer and seller will share equally in closing costs. The properties are sold 'as is' without warranty regarding the condition of any structures or known or unknown environmental issues.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop Daycare Center Grocery & Convenience Store Food Market Big Box & Wholesale Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Watts
    County
    Adair
    State
    Oklahoma
    Longitude
    -94.6632
    Latitude
    36.1163

    Nearby Similar for Sale

    • $89,000

      Commercial Building with Residential Potential

      Spacious commercial building with residential potential near Siloam Springs.
      114 Main Street lot: 8-10, Watts, OK 74964
      View Details
    • $989,000

      Watts, OK Prime Pasture Land

      170 acres of turnkey pasture with paved road frontage.
      E 610 Road lot: 0, Watts, OK 74964
      View Details
    • $589,900

      Turnkey Pasture Land in Watts, OK

      80 acres of prime pasture with utilities and improvements.
      E 610 Road lot: 0, Watts, OK 74964
      View Details
    • $1,250,000

      Watts, OK Recreational Hunting Land

      351+/- acres of premier recreational and hunting land.
      CR 618 lot: Rural, Watts, OK 74964
      View Details
    • $99,000

      5 Acres with Ballard Creek

      5-acre tract with year-round creek near Watts, Oklahoma.
      46769 4740, Watts, OK 74964
      View Details
    • $429,900

      Productive Pasture Land For Sale

      70 acres of pasture land ready for agricultural use.
      E 610 Road lot: 0, Watts, OK 74964
      View Details
    • $299,000

      70 Acres Wooded Land

      Versatile 70-acre wooded land with paved road frontage.
      E 610 Road lot: 0, Watts, OK 74964
      View Details
    • $150,000

      20 Acres of Serene Retreat

      20-acre property perfect for nature enthusiasts and outdoor activities.
      850, Watts, OK 74330
      View Details
    • $25,900
      2,550 SF

      Versatile Building in Prime Location

      2,550 sq ft building suitable for office or business.
      106 Main Street, Watts, OK 74964
      View Details
    • $89,900
      4,200 SF

      Commercial Building with Residential Potential

      4,200 sq ft commercial building with residential potential.
      114 Main Street, Watts, OK 74964
      View Details
    • $89,000
      4,200 SF

      Watts Commercial Building with Potential

      Spacious commercial building with residential potential near Siloam Springs.
      114 Main ST, Watts, OK 74964
      View Details
    • $36,000

      Recreational Land in Illinois River

      Lot with RV setup for river living and recreation.
      462595 Oakball Drive, Watts, OK 74964
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two commercial lots for sale at auction in Watts, OK.
    Where is this commercial land located?
    The property is located at Parcel 2 & 4 main Street Watts, OK.
    What are key features of this property?
    This property features: Two commercial lots being sold.; Absolute Auction on April 13th, 2026.; Property sold AS IS.
    (479) 427-5623
    We can help!
    Listing Contact
    Delton Williams
    Delton Williams
    Real Estate License ID: PB00054955
    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
    Parcel 2 & 4 main Street, Watts, OK 74964
    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!