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    Two-Story Office Building Title is generated by Realmo AI

    502 W Main Street, Stigler, OK 74462

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    For Sale
    $449,900

    COMMERCIAL - Stigler, OK

    Property size:
    2,732 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $164/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 502 W Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Interior features
    9' Ceiling Height, Equipment Remarks, Internal Expansion Area, Mini-Kitchen, Public Restrooms, Smoke Detector
    Exterior features
    Lighting, Professional Landscaped, Sidewalk, Storage
    Standard status
    Active
    Size
    2,732 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LTS 9 THRU 12 BLK 112 STIGLER
    Tax Annual Amount
    2548

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2010
    Floors in Building
    2
    Building materials
    Stone
    Roof type
    Composition
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Mycah Boyd
    Mycah Boyd

    Listing agent Mycah Boyd License #182089

    Listing office RE/MAX Champion Land 205 W Main, Poteau, OK

    Listing date Jun 3, 2026

    MLS# 2620508

    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

    • 2010‑built, stone two‑story commercial building with central heating and central air
    • Main Street location in Stigler, Oklahoma, currently operating as an insurance agency
    • Interior includes multiple private offices, a full kitchen, and mini‑kitchen plus internal expansion area
    • Two public restrooms and smoke detectors
    • Semi‑furnished with 9' ceiling height and granite countertops
    • Exterior features professional landscaping, sidewalk, lighting, and storage

    Overview

    This two-story commercial building is set up for a professional services use and currently operates as an insurance agency. Inside, it includes multiple private offices, abundant storage throughout, two public restrooms, and a full kitchen. The property also comes semi-furnished for added convenience. Built with custom detailing, it features granite countertops and attractive finishes that support a polished, client-ready atmosphere.

    Located in the heart of Stigler on Main Street at 502 W Main Street, the property offers straightforward street-level access for visiting clients and customers. It sits on approximately 0.283 acres and includes landscaped grounds intended to create a positive first impression.

    With its flexible office layout and established amenities, the building can serve a variety of business and professional needs, including office users and retail or service-oriented operations that benefit from a combination of private workspaces and public areas. The configuration also lends itself to uses such as a law office, medical office, salon, or boutique, as well as potential mixed-use or income-focused approaches, subject to applicable requirements. For buyers seeking a well-maintained, turnkey-ready commercial space with functional support areas, this property is worth a private showing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Inszone Insurance Services Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Stigler
    County
    Haskell
    State
    Oklahoma
    Longitude
    -95.130767
    Latitude
    35.255197

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    FAQs

    What type of property is this?
    Office building - Commercial two-story building with multiple private offices, storage, two public restrooms, and a full kitchen on Main Street.
    Where is this office building located?
    The property is located at 502 W Main Street Stigler, OK.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: 2010‑built, stone two‑story commercial building with central heating and central air; Main Street location in Stigler, Oklahoma, currently operating as an insurance agency; Interior includes multiple private offices, a full kitchen, and mini‑kitchen plus internal expansion area
    (918) 658-8067
    We can help!
    Listing Contact
    Mycah Boyd
    Mycah Boyd
    Real Estate License ID: 182089
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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.

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