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    1744 Carl Albert Pkwy McAlester, OK 74501

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    For Lease
    $7 SF/Yr

    High-traffic retail space in prime McAlester location.

    Lot size:
    119,750 SF

    Property Features for 1744 Carl Albert Pkwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    119,750 SF
    Total Rate
    69854.17

    Building Details

    Stories
    1

    Spaces For Lease

    at 1744 Carl Albert Pkwy, McAlester, OK 74501 Contact us
    Unit 15,000 SF In-line for Lease - Former SAL

    $7 /Mo

    Size
    15,014 SF
    Contact us
    Unit Outparcel 3,900 SF

    $17 /Mo

    Size
    3,900 SF
    Contact us
    Unit Drive-thru Outparcel 2,900 SF

    $21 /Mo

    Size
    2,900 SF
    Contact us

    We can help!

    Listing Contact
    Lisa Estrada
    Lisa Estrada

    Listing Agent: Lisa Estrada

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail opportunity is located within the Tandy Town Shopping Center in McAlester, Oklahoma, at 1744 E Carl Albert Pkwy, zip code 74501. The property offers a combined 119,750 square feet of retail and restaurant space available for lease, encompassing both in-line and outparcel options. This single-story center enjoys excellent visibility from East Carl Albert Parkway and North George Nigh Expressway, benefiting from significant daily traffic counts. Within a one-mile radius, traffic volume reaches 29,900 vehicles daily on South George Nigh Expressway and 18,900 vehicles daily on East Carl Albert Parkway, ensuring high exposure for your business. The strong demographics of the area are further supported by an average household income of approximately $65,000 within a ten-mile radius, indicating a robust consumer base. This property presents a unique chance to establish or expand your business in a thriving retail environment with exceptional visibility and access to a substantial customer base. The property is ideally suited for a variety of retail and restaurant concepts. Contact us today to learn more about leasing opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    McAlester
    County
    Pittsburg
    State
    Oklahoma
    Longitude
    -95.7429825
    Latitude
    34.9252221

    Nearby Similar for Lease

    • Contact for pricing
      89,151 SF

      McAlester Industrial Property for Lease

      89,151 SF industrial property with office space and loading docks.
      1801 E College Ave, McAlester, OK 74501
      View Details
    • $1,808 /Mo
      8,060 SF

      Modern Office Space Available

      Remodeled office space with high traffic location in McAlester.
      320 E Carl Albert Pkwy, McAlester, OK 74501
      View Details
    • $1,998 /Mo
      8,060 SF

      Modern Office Space Available

      Modern office space with reception area and natural lighting.
      320 E Carl Albert Pkwy, McAlester, OK 74501
      View Details
    • Contact for pricing
      2,900 SF

      Drive-Thru Restaurant Space Available

      Commercial space available for lease, ideal for drive-thru restaurant.
      1750 East Carl Albert Pkwy, McAlester, OK 74501
      View Details
    • Contact for pricing

      Versatile Industrial Space for Lease

      20,375 SF industrial space with loading docks and ample parking.
      820 Industrial Rd, McAlester, OK
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-traffic retail space in prime McAlester location.
    Where is this restaurant located?
    The property is located at 1744 Carl Albert Pkwy McAlester, OK.
    What is the lease rate?
    The lease rate is $0.00-$21 SF/Yr.
    What are key features of this property?
    This property features: Excellent corner location with high visibility at the intersection of Rte 270 and Rte 69.; Pylon signage available.; Over 48,000 vehicles per day (VPD).
    (940) 577-5499
    Request Owner's contact information
    1744 Carl Albert Pkwy McAlester, OK 74501
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    McAlester, OK 74501
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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.

    More about this property
    1744 Carl Albert Pkwy McAlester, OK 74501
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    We can help!
    Listing Contact
    Lisa Estrada
    Lisa Estrada
    Real Estate License ID: 0457452
    (940) 577-5499 (940) 627-4427
    Learn more
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