Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    959 N Third Street Langley, OK 74350

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $79,000

    Mixed-use property suitable for investment or business location.

    Type:Mixed Use, Office, Retail, Special Purpose
    Property size:
    750 SF
    Added:
    Feb 26, 2026
    Days on Market:
    33
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 959 N Third Street

    General Information

    Standard status
    Active
    Size
    750 SF
    Property subtype
    Mixed Use, Office, Retail, Special Purpose

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    JW Weldon Hughes, CHA
    JW Weldon Hughes, CHA

    Listing agent JW Weldon Hughes, CHA License #OK 106012

    Listing office Carey-Hughes Realty Advisors, Inc.

    Listing date Feb 26, 2026

    Source Crexi

    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 Carey-Hughes Realty Advisors, Inc.

    Overview

    Langley Mixed-Use Investment Opportunity

    This 750-square-foot property is located in Langley, Oklahoma. It is suitable as an investment property or business location. The property is classified as mixed-use, with potential for office and retail applications.
    Location Intelligence

    Current Use by Public Records

    Hollywood Glamour Salon Hair Salon Mr Shing Restaurant

    Suggested Use

    Real Estate Agency Law Firm Dental Office Big Box & Wholesale Store Pharmacy Gym & Fitness Center Department Store Food Market Storage Facility Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Langley
    County
    Mayes
    State
    Oklahoma
    Longitude
    -95.04886
    Latitude
    36.47045

    Nearby Similar for Sale

    • $160,000
      896 SF

      Updated Office Building on Highway

      Class B office building with highway frontage, suitable for various uses.
      1491 N 3rd Street, Langley, OK 74350
      View Details
    • $80,000
      1,400 SF

      Langley Commercial Building on Highway

      Commercial building in Langley, OK, fronts Highway 82.
      291 West Broadway Avenue & Highway 82, Langley, OK 74350
      View Details
    • $225,000
      800 SF

      Retail Property with Development Potential

      Retail property with large parking lot and adjacent development lot.
      890 Hwy 28 E, Langley, OK
      View Details
    • $225,000
      800 SF

      Langley Commercial Building For Sale

      Commercial building with retail potential in Langley, Oklahoma.
      890 Highway 28 East, Langley, OK 74350
      View Details
    • $105,000
      1,400 SF

      Retail Property Near Grand Lake

      Retail property in Langley, OK, near Grand Lake.
      291 W Broadway Ave, Langley, OK
      View Details
    • $225,000
      800 SF

      Langley Commercial Building For Sale

      Multi-purpose building in Langley, Oklahoma, suitable for various business ventures.
      13057 OK-28, Langley, OK 74350
      View Details
    • $80,000
      1,400 SF

      Highway Frontage Commercial Building

      Commercial building for sale in Langley, OK, fronting Highway 82.
      291 W Broadway Ave, Langley, OK 74340
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property suitable for investment or business location.
    Where is this mixed-use property located?
    The property is located at 959 N Third Street Langley, OK.
    What is the asking price?
    The asking price for this property is $79,000.
    What are key features of this property?
    This property features: Great investment property; Ideal business location; Year Built: 2000
    We can help!
    Listing Contact
    JW Weldon Hughes, CHA
    JW Weldon Hughes, CHA
    Real Estate License ID: OK 106012
    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!