Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Commercial Building on Highway Title is generated by Realmo AI

    402 SW 2nd St, Guymon, OK 73942

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Spacious commercial building on high-traffic highway, suitable for various uses.

    Type:RETAIL
    Property size:
    2,960 SF
    Price / SF:
    $126/SF
    Added:
    May 4, 2026
    Days on Market:
    25
    Last Refresh:
    May 8 at 3:37 am

    Property Features for 402 SW 2nd St

    General Information

    Standard status
    Active
    Size
    2,960 SF
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Shelby RedCorn
    Shelby RedCorn

    Listing agent Shelby RedCorn

    Listing office Henry Hinds Realty

    Listing date May 4, 2026

    Source Moodyscre

    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 Henry Hinds Realty

    HighLights

    • Prime commercial property on high‑traffic HWY 54 with exceptional visibility and access.
    • Versatile building suitable for continued food service or easy conversion to retail, office, or other commercial uses.
    • Generous land footprint with ample parking and room for expansion or outdoor development.
    • Located on a major thoroughfare surrounded by thriving businesses.
    • Currently operating as a fully functioning restaurant.
    • 2,960 square feet of interior space.

    Overview

    This commercial property, currently operating as a restaurant, is situated on six lots along a high-traffic highway, offering visibility and access. The 2,960-square-foot interior space features a layout suitable for continued food service or conversion to retail, office, or other commercial uses. The location is on a major thoroughfare, surrounded by businesses, and offers parking and room for expansion or outdoor development. This property presents an opportunity to own a building in a commercial corridor.
    Location Intelligence

    Current Use by Public Records

    G-Town Motors Car Dealership HEATING & AIR TECHNOLOGIES HVAC Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Guymon
    County
    Texas
    State
    Oklahoma
    Longitude
    -101.477288
    Latitude
    36.680064

    Nearby Similar for Sale

    • $320,000
      6,600 SF

      Versatile Commercial Space in Guymon

      6,600 SF commercial space with retail storefront and shop.
      106 S Quinn, Guymon, OK 73942
      View Details
    • $520,000
      4,762 SF

      Guymon Restaurant Opportunity on Highway

      Restaurant property on high-traffic Highway 54 in Guymon, Oklahoma.
      634 NE HWY 54, Guymon, OK 73942
      View Details
    • $375,000
      2,960 SF

      Prime Commercial Building on HWY 54

      2,960 sq ft building on 6 lots in Guymon, OK.
      205 SW 2nd St., Guymon, OK 73942
      View Details
    • $695,000
      9,010 SF

      Guymon Commercial Building on Highway

      Versatile commercial building on a high-traffic corridor, suitable for various uses.
      1601 N Main St (or N Highway 64), Guymon, OK 73942
      View Details
    • $110,000

      Guymon, OK Commercial Opportunity

      Commercial shop with highway access, ready for customization.
      115 S Quinn, Guymon, OK 73942
      View Details
    • $280,000
      3,760 SF

      Commercial Building in Guymon, OK

      Spacious commercial building with offices and workshop in Guymon.
      607 NE 4th St., Guymon, OK 73942
      View Details
    • $600,000

      Established Hotel on Highway 54

      Turn-key hotel with 38 rooms and manager's quarters.
      823 NE Hwy 54, Guymon, OK 73942
      View Details
    • $1,400,000
      19,025 SF

      Guymon Corner Retail Opportunity

      Retail property with gas station and convenience store in Guymon.
      1201 NE 12th St, Guymon, OK 73942
      View Details
    • $350,000

      Commercial Building on Highway 54

      Commercial building with highway frontage, bays, and office.
      219 SW 2nd, Guymon, OK 73942
      View Details
    • $7,937,500
      51,985 SF

      Exceptional Retail Property Investment Potential

      51,985 SF property with long-term lease and income growth.
      2501 N Highway 64, Guymon, OK 73942
      View Details
    • $175,000

      Restaurant Building in Prime Location

      Excellent location for a new restaurant near established businesses.
      418 NW 21st, Guymon, OK 73942-1111
      View Details
    • $1,500,000

      Farm/Ranch Land in Guymon, OK

      Farm/Ranch/Land property spanning over 10 acres in Guymon, OK.
      412 & 207 E Hwy 207 & Hwy 412, Guymon, OK 73942
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Spacious commercial building on high-traffic highway, suitable for various uses.
    Where is this conventional restaurant located?
    The property is located at 402 SW 2nd St Guymon, 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: Prime commercial property on high‑traffic HWY 54 with exceptional visibility and access.; Versatile building suitable for continued food service or easy conversion to retail, office, or other commercial uses.; Generous land footprint with ample parking and room for expansion or outdoor development.
    (580) 754-0326 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shelby RedCorn
    Shelby RedCorn
    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
    402 SW 2nd St, Guymon, OK 73942
    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!