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

    401 SW 15th Street Wagoner, OK 74467

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $289,000

    5400 SF light industrial property on 1.57 acres.

    Type:Industrial
    Property size:
    5,400 SF
    Lot size:
    1.57 Acres
    Added:
    Feb 11, 2026
    Days on Market:
    49
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 401 SW 15th Street

    General Information

    Standard status
    Active
    Size
    5,400 SF
    Lot size
    1.57 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1977

    We can help!

    Listing Contact
    Paula Faye Templeton

    Listing agent Paula Faye Templeton License #110888

    Listing office Lancaster Agency

    Listing date Feb 11, 2026

    Source Crexi

    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 Lancaster Agency

    Overview

    Wagoner Light Industrial Property

    This 5400 square foot light industrial property is located on 1.57 acres along SW 15th Street (Prestolite Road) in Wagoner, offering high-visibility exposure in a high-traffic location. The property is suitable for owner-users, investors, service-based businesses, training facilities, or operations needing a mix of office and warehouse space. Parking is available for approximately 75-100 spaces. The building was formerly the Schwan's Distribution Center, and the sellers were in the process of converting it to a bar/restaurant.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wagoner
    County
    Wagoner
    State
    Oklahoma
    Longitude
    -95.383088
    Latitude
    35.944327

    Nearby Similar for Sale

    • $1,500,000
      11,600 SF

      Wagoner Highway Commercial Property

      Highway-frontage commercial property with extensive parking and robust infrastructure.
      26091 State Hwy 51, Wagoner, OK 74467
      View Details
    • $1,200
      1,040 SF

      Office Suite in Wagoner, OK

      Office suite suitable for wellness, medical, or professional use.
      306 S Hayes Avenue, Wagoner, OK 74467
      View Details
    • $300,000
      8,305 SF

      Wagoner Bowling Alley For Sale

      Turn-key bowling alley with bar and restaurant in Wagoner's downtown.
      123 N Main Street, Wagoner, OK 74467
      View Details
    • $1,200,000
      14,750 SF

      Wagoner Commercial Property For Sale

      Commercial property with multiple income streams and expansion potential.
      72548 S 322 Way, Wagoner, OK 74467
      View Details
    • $175,000
      1,782 SF

      Versatile Building on Corner Lot

      Adaptable commercial building with expansion potential near Ft. Gibson Lake.
      1110 S McQuarrie Avenue, Wagoner, OK 74467
      View Details
    • $280,000
      2,622 SF

      Well-Equipped Carwash on Highway Frontage

      Carwash with 6 bays, automatic bay, and vacuums.
      700 W Cherokee Street, Wagoner, OK 74467
      View Details
    • $1,500,000
      11,600 SF

      Highway 51 Commercial Property

      11,600 SF commercial building on 6 acres.
      26091 State Hwy 51, Wagoner, OK 74467
      View Details
    • $139,000

      Wagoner Commercial Property on Highway

      High-visibility commercial property with highway frontage and established presence.
      1401 S McQuarrie Ave, Wagoner, OK 74467
      View Details
    • $1,250,000

      Wagoner Acreage with Commercial Potential

      16.67-acre property with home, shop, and equine facilities near Wagoner.
      75649 S Hwy 69, Wagoner, OK
      View Details
    • $2,300,000
      3,637 SF

      Wagoner Office Space For Sale

      Office space available in Wagoner, Oklahoma, spanning 3,637 square feet.
      1520 SW 1st St, Wagoner, OK 74467
      View Details
    • $360,000
      3,364 SF

      Turnkey Apartment Near Fort Gibson

      Fully occupied, renovated apartment property near Fort Gibson Lake.
      34251 E 700 Road, Wagoner, OK 74467
      View Details
    • $800,000
      12,204 SF

      Wagoner Warehouse with Updated HVAC

      12,204 +/- sq ft warehouse with offices and mini-kitchen.
      2111 Hwy 51, Wagoner, OK
      View Details

    FAQs

    What type of property is this?
    Flex space - 5400 SF light industrial property on 1.57 acres.
    Where is this flex space located?
    The property is located at 401 SW 15th Street Wagoner, OK.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: High‑visibility location on SW 15th Street (Prestolite Road) in Wagoner; 5400 square foot light industrial building; Large 1.57 acre lot
    (918) 485-2106
    We can help!
    Listing Contact
    Paula Faye Templeton
    Real Estate License ID: 110888
    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!