Steel Storefront
For Sale
$100,000
997 US Hwy 70a, Wilson, OK 73463
Commercial, Wilson, OK
Property Size640 SF
Lot Size0.16 Acres
Price / SF$156.25
Days on Market49
Property Features for 997 US Hwy 70a
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMM
Exterior features
Lighting
Elementary school district
Wilson SCD K-12 (93)
Middle school district
Wilson SCD K-12 (93)
High school district
Wilson SCD K-12 (93)
Directions
HWY 70 WEST TO WILSON TURN OFF HWY 70ALT TO HWY 70A EAST TO PROPERTY ON NORTH SIDE OF RD.
Standard status
Active
Size
640 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
WILSON CITY, BLK 33 LOT 1-2(25X70) EACH
Tax Annual Amount
332
Legal Description
WILSON CITY, BLK 33 LOT 1-2(25X70) EACH
Utilities
Heating system
Zoned
Cooling system
Zoned
Building Details
Year built
1970
Building materials
Steel
Roof type
Metal
Listing Agency:
White Buffalo Realty, Inc.
Listed By:
Candace Storms · License #159480
(580) 678-2365
Added: Jul 30
Changed: Sep 8
Last Checked: Sep 16 at 8:06AM
MLS# 2628105
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 640-square-foot storefront property was built in 1970 with steel construction and a metal roof. The building includes city water, city sewer, electricity, and a split system providing heating and cooling. Zoned COMM, the property also features exterior lighting and has been described as clean and well maintained.
Positioned along US Hwy 70A in Wilson, the property includes a front building occupied by a long-term tenant. Its compact commercial footprint and existing utility connections support continued storefront use.
Positioned along US Hwy 70A in Wilson, the property includes a front building occupied by a long-term tenant. Its compact commercial footprint and existing utility connections support continued storefront use.
Key Highlights
- 640‑square‑foot storefront property
- COMM zoning
- Long‑term tenant in the front building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$5,204
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$104,080
$104.1K
Cap Rate 7%
$74,343
$74.3K
Cap Rate 9%
$57,822
$57.8K
Market Conditions
NOI Build-Up for 640 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$8.4K $13.20/SF
− Vacancy
−$1.0K −$1.58/SF
EGI
$7.4K $11.62/SF
− OpEx
−$2.2K −$3.48/SF
NOI
$5.2K $8.13/SF
Area
Carter County, OK
Vacancy
12.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$104,080
Cap Rate 7%
$74,343
Cap Rate 9%
$57,822
Alternative Uses
Best Use
Retail
$74.3K
$65.1K – $86.7K
NOI $5,204 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$164.1K
$143.6K – $191.5K
NOI $11,489 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73463, OK
3,365
Population
1,709
Households
2
Avg Household Size
43
Median Age
11%
College-Educated
87%
High-School Grad
209.9 sq mi
ZIP Area
16
Density / Sq Mi
$56,372
Median Household Income
$42,538
Median Earnings
$783
Median Rent
$107,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property with city utilities, zoned COMM, and an existing long-term tenant.
Where is this storefront property located?
The property is located at 997 US Hwy 70a Wilson, OK.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: 640‑square‑foot storefront property; COMM zoning; Long‑term tenant in the front building
