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    512 1 St Sugden, OK 73573

    For Sale
    $89,000

    Newly renovated, high-cap-rate investment.

    Property size:
    840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a newly renovated, two-story building situated on a 0.4-acre lot in Waurika, Oklahoma. The property, located at 512 S 1st St, boasts a combined 840 square feet, encompassing both executive office and apartment spaces. Built in 1972 and extensively renovated in 2023, the building features a new roof, plumbing, electrical system, and fresh paint. The sale includes existing furniture. The property is zoned commercial and offers a compelling 12% cap rate, making it an attractive prospect for investors. The building's prime location on Highway 70 and 1st Street ensures high visibility and accessibility. The asking price is $89,000, and owner financing may be considered. This freestanding structure presents a unique blend of office and residential space, ideal for a variety of uses. The property consists of one unit and is classified as a Class B multifamily/office building. This is a rare opportunity to acquire a turnkey investment property in a desirable location with significant upside potential.

    Property Features for 512 1 St

    General Information

    Property type
    Multifamily properties
    Square Feet
    840 SF
    Class
    B
    Lot Size
    17,424 SF

    Building Details

    Year Built/Renovated
    1972/2023
    Stories
    2
    Units
    1

    HighLights

    • Two‑story apartment building
    • Approximately 840 square feet
    • Includes a detached 128 square foot office
    • 0.40‑acre lot
    • Built in 1972, renovated in 2023
    • Commercially zoned
    Property Profile Location Intelligence

    Current Use by Public Records

    Auctioneers Auction House

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sugden
    County
    Waurika
    State
    Oklahoma
    Longitude
    -98.0029424
    Latitude
    34.1596532

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      Waurika Retail/Office Space For Sale

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      Waurika, OK Agricultural Property

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      View Details

    FAQs

    What type of property is this?
    Multifamily property - Newly renovated, high-cap-rate investment.
    Where is this multifamily property located?
    The property is located at 512 1 St Sugden, OK.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: Two-story apartment building; Approximately 840 square feet; Includes a detached 128 square foot office
    Request Owner's contact information
    512 1 St Sugden, OK 73573
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    Sugden, OK 73573
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    Realmo Value Estimation

    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.

    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.

    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
    512 1 St Sugden, OK 73573
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