Convenience Store with
For Sale
Under Contract
$365,000
588 Us Highway 70A, Wilson, OK 73463
COMMERCIAL - Wilson, OK
Property Size2,159 SF
Lot Size0.48 Acres
Price / SF$169.06
Days on Market133
Property Features for 588 Us Highway 70A
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C1
Security features
Security System
Interior features
Display Window, Equipment Remarks, High Speed Internet, Mini-Kitchen, Public Restrooms, Security System-Leased, Smoke Detector
Exterior features
Door Sign, Dumpster, Lighting, Pole Sign, Storage
Elementary school district
Wilson SCD K-12 (93)
Middle school district
Wilson SCD K-12 (93)
High school district
Wilson SCD K-12 (93)
Directions
Take Hwy 70 West out of Ardmore to Wilson store located on Right across from the Wilson Public School
Standard status
Active Under Contract
APN
4100-00-006-001-0-001-00
Size
2,159 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
HAMONS, BLK 6 LOT 1-6(25X140) EA.
Tax Annual Amount
1259
Legal Description
HAMONS, BLK 6 LOT 1-6(25X140) EA.
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
Covered Drive-Thru
Awning
Camera Security System
Building Details
Year built
1960
Flooring type
Tile
Building materials
Concrete
Roof type
Composition
Additional Structures
Storage
Listing Agency:
eXp Realty, LLC
(405) 404-1924
Listed By:
Elisa Campbell · License #17605
(580) 229-5796
Added: Apr 2
Changed: Aug 4
Last Checked: Aug 12 at 9:06PM
MLS# 2611700
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.
Investment Insights
Based on property information with market context.
This C1-zoned commercial property operates as a convenient store and includes a cafe setup, grocery areas, and a covered drive-through. The site features customer/employee parking and a corner-lot configuration with main highway frontage.
The improvements include two AC units (one new in 2025), multiple upright and chest freezers, a large walk-in, a commercial refrigerator, and walk-in cooler. Foodservice equipment listed includes two commercial deep fryers, grill/oven/burners with vent-a-hood, a pizza oven station, hot box warmer, and an ice machine and bin. Retail and service fixtures include shelves (including additional shelves in the walk-in and storage room), booths and square tables, two cash registers, and a camera security system.
Fuel infrastructure includes diesel and gas tanks with the associated pumps and awning, along with storage for the fuel shells as described in the listing.
The improvements include two AC units (one new in 2025), multiple upright and chest freezers, a large walk-in, a commercial refrigerator, and walk-in cooler. Foodservice equipment listed includes two commercial deep fryers, grill/oven/burners with vent-a-hood, a pizza oven station, hot box warmer, and an ice machine and bin. Retail and service fixtures include shelves (including additional shelves in the walk-in and storage room), booths and square tables, two cash registers, and a camera security system.
Fuel infrastructure includes diesel and gas tanks with the associated pumps and awning, along with storage for the fuel shells as described in the listing.
Key Highlights
- Prime location in the center of Wilson, Oklahoma, across from Wilson Public School.
- Established, successful family business with over 20 years of operation.
- Thriving grocery store, cafe, and gas station business potential.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,794
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$575,880
$575.9K
Cap Rate 7%
$411,343
$411.3K
Cap Rate 9%
$319,933
$319.9K
Market Conditions
NOI Build-Up for 2,159 SF
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.
Gross rent
$45.9K $21.24/SF
− Vacancy
−$4.7K −$2.19/SF
EGI
$41.1K $19.05/SF
− OpEx
−$12.3K −$5.72/SF
NOI
$28.8K $13.34/SF
Area
Carter County, OK
Vacancy
10.30%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$575,880
Cap Rate 7%
$411,343
Cap Rate 9%
$319,933
Alternative Uses
Best Use
Industrial
$411.3K
$359.9K – $479.9K
NOI $28,794 @ 7.0% cap · market cap 7.89%
Second Best
Specialty Retail
$381.8K
$334.1K – $445.5K
NOI $26,727 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$553.7K
$484.5K – $646.0K
NOI $38,758 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73463, OK
3,365
Population
1,709
Households
2
Avg Household Size
43
Median Age
11%
College-Educated
87%
High-School Grad
209.9 sq mi
ZIP Area
16
Density / Sq Mi
$56,372
Median Household Income
$42,538
Median Earnings
$783
Median Rent
$107,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corner-lot convenience store with covered drive-through, diesel and gas tanks, and a café and grocery setup.
Where is this grocery and convenience store located?
The property is located at 588 Us Highway 70A Wilson, OK.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Prime location in the center of Wilson, Oklahoma, across from Wilson Public School.; Established, successful family business with over 20 years of operation.; Thriving grocery store, cafe, and gas station business potential.
