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

    Mississippi Ave & Wallace Ln Atoka, OK 74525

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Highway 75 development opportunity. High traffic, Walmart & Starbucks nearby.

    Property Features for 0 Mississippi Ave & Wallace Ln

    General Information

    Property type
    Land
    Lot Size
    7,078,936 SF

    We can help!

    Listing Contact
    Shannon Wells
    Shannon Wells

    Listing Agency: Artemis Commercial Group Listing Agent: Shannon Wells

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

    Learn more

    Overview

    This exceptional 162.51-acre commercial land parcel presents a prime development opportunity in Atoka, Oklahoma. Strategically located on US Highway 75, this property boasts unparalleled visibility and accessibility, situated directly across from a Walmart and adjacent to a Starbucks. Utilities are readily available along the highway. Pricing is tiered based on location: highway frontage is $20 per square foot, while future hard corners across from Virginia Avenue command $23 per square foot. Land further from the highway frontage starts at $4.50 per square foot (minimum acreage purchase applies). The property's high-traffic location on US Highway 75, with an annualized traffic count of 11.3 million and 250,000 new monthly visitors, ensures maximum exposure for any commercial venture. This makes it ideal for national quick-service restaurants (QSRs) or big-box retailers seeking to capitalize on this high-traffic area. The property is zoned NP. The APN is 0000-22-02S-11E-3-011-00. Atoka's location on Highways 69/75 provides easy access to major markets, serving as a direct route from Houston to Missouri, Kansas City, and Iowa. The city also benefits from the Atoka City Industrial Development Authority (ACIDA), offering two industrial parks and supporting retail expansion initiatives.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Atoka
    County
    Atoka
    State
    Oklahoma
    Longitude
    -96.1445491
    Latitude
    34.3602662

    Nearby Similar for Sale

    • $799,000
      5,575 SF

      Mixed-Use Commercial Building on Highway

      Income-producing mixed-use commercial building on a major highway.
      894 S Mississippi Ave, Atoka, OK 74525
      View Details
    • $185,000
      0.15 Acres

      Downtown Atoka Redevelopment Opportunity

      Commercial buildings in Atoka's Opportunity Zone, ready for renovation.
      170 S Ohio Ave, Atoka, OK 74525
      View Details
    • $1,650,000
      7,350 SF

      Highway Frontage Commercial Property

      Commercial property on 2.5 acres with metal and office buildings.
      205 N Jefferson Hwy, Atoka, OK 74525
      View Details
    • $949,999
      2,860 SF

      Downtown Atoka Storefront

      Prime Atoka retail, multi-tenant opportunity.
      291 Court St, Atoka, OK 74525
      View Details
    • $749,999
      2,250 SF

      Downtown Atoka Commercial Gem

      Historic Bar & Storefront, High Traffic
      314 Court St, Atoka, OK 74525
      View Details
    • $1,499,000
      3,604 SF

      Atoka Hwy 75 QSR Property

      Prime Atoka location, high traffic, vacant QSR.
      133 Mississippi Ave, Atoka, OK 74525
      View Details
    • Contact for pricing

      Highway Frontage Commercial Opportunity

      Commercial property on Highway 69/75, ideal for various business ventures.
      1019 S Mississippi Ave, Atoka, OK 74525
      View Details
    • $1,800,000
      6,000 SF

      Atoka Commercial Property - Hwy 69

      High-visibility commercial property, multiple uses.
      894 Mississippi Ave, Atoka, OK 74525
      View Details
    • $1,686,640
      3,540 SF

      Atoka, OK Commercial Property

      Large lot, versatile building, great potential.
      2233 Mississippi Ave, Atoka, OK 74525
      View Details
    • Contact for pricing
      2,188 SF

      Highway Commercial Property in Atoka

      Commercial property on a busy highway near upcoming development.
      161 N Mississippi Ave, Atoka, OK 74525
      View Details
    • Contact for pricing

      Vacant Commercial Lot For Sale

      Vacant commercial lot with excellent location and good access.
      1213 S Oklahoma Ave, Atoka, OK
      View Details

    FAQs

    What type of property is this?
    Land - Highway 75 development opportunity. High traffic, Walmart & Starbucks nearby.
    Where is this land located?
    The property is located at Mississippi Ave & Wallace Ln Atoka, OK.
    What are key features of this property?
    This property features: High-traffic location with 11.3 million annual vehicle count.; Strong community draw with Reba McEntire's hometown renovation project.; Significant monthly foot traffic increase of 250,000 new visitors.
    (405) 778-3355 Call to check price and availability
    Request Owner's contact information
    Mississippi Ave & Wallace Ln Atoka, OK 74525
    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.
    Mississippi Ave & Wallace Ln
    Atoka, OK 74525
    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
    Mississippi Ave & Wallace Ln Atoka, OK 74525
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shannon Wells
    Shannon Wells
    Real Estate License ID: 175767
    (405) 778-3355
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!