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

    75174 HWY 59 Westville, OK 74965

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    2600 SF store with gas pumps on Highway 59.

    Type:Lots/Land
    Property size:
    2,600 SF
    Added:
    May 15, 2025
    Days on Market:
    338
    Last Refresh:
    Apr 8 at 1:52 am

    Property Features for 75174 HWY 59

    General Information

    Standard status
    Active
    Size
    2,600 SF
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Matthew Ford
    Matthew Ford

    Listing agent Matthew Ford License #146078

    Listing office Keller Williams Market Pro Realty - OK

    Listing date May 15, 2025

    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 Keller Williams Market Pro Realty - OK

    Overview

    Highway 59 Commercial Opportunity

    This property, formerly a convenience store and restaurant, offers a prime investment opportunity with high visibility on Highway 59. The 2600 square foot establishment features gas and diesel pumps, designed to attract a consistent customer base. A 24x36 shop building provides storage solutions, accompanied by a functional office space. The property is equipped with central heating and air conditioning, two gas pumps, two diesel pumps, an alarm system, coolers, freezers, and a picnic area. The location is suitable for serving breakfast, lunch, and dinner, presenting a potential business opportunity with growth possibilities.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Westville
    County
    Adair
    State
    Oklahoma
    Longitude
    -94.590409
    Latitude
    35.962301

    Nearby Similar for Sale

    • $350,000

      Highway 59 Commercial Opportunity

      Former convenience store and restaurant with gas and diesel pumps.
      75174 HWY 59, Westville, OK 74965
      View Details
    • $430,000

      Westville Land with Modified Home

      40 acres mol with updated, expanded manufactured home.
      67298 4720 lot: 00, Westville, OK 74965
      View Details
    • $350,000
      2,600 SF

      Westville Highway 59 Commercial Property

      2600 SF retail/restaurant on 2.44 acres with gas pumps.
      75174 Hwy 59, Westville, OK 74965
      View Details
    • $160,000
      1,680 SF

      New Duplex on 2.16 Acres

      New 1 bed, 1 bath duplex near Northwest Arkansas.
      470484 E 723 Road, Westville, OK 74965
      View Details
    • $400,000

      Oklahoma Land with Ranch Features

      49.7 acres in Adair County, OK, ready for livestock.
      TBD E 0730 Rd, Westville, OK 74965
      View Details
    • $160,000
      1,680 SF

      New Duplex on Large Lot

      New construction duplex on 2.16 acres near Siloam Springs.
      470484 E 723 RD, Westville, OK 74965
      View Details
    • $2,232,855
      12,774 SF

      Dollar General Market Prototype Store

      New 15-year NNN lease, proven tenant track record.
      70787 US 59, Westville, OK
      View Details
    • $110,000
      1,296 SF

      Highway Commercial Building For Sale

      Commercial building in prime location at Hwy's 59 & 62.
      70868 U.S. 59, Westville, OK
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - 2600 SF store with gas pumps on Highway 59.
    Where is this grocery and convenience store located?
    The property is located at 75174 HWY 59 Westville, OK.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: High‑visibility location on Highway 59.; Includes gas and diesel pumps.; Previously operated as a successful convenience store and restaurant.
    (918) 575-1415
    We can help!
    Listing Contact
    Matthew Ford
    Matthew Ford
    Real Estate License ID: 146078
    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!