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    401 Hwy 70 Hwy Kingston, OK 73439
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    401 Hwy 70 Hwy Kingston, OK 73439

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    • Industrial properties
    • 3,276 SF
    • 0.80 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 401 Hwy 70 Hwy

    Year built
    1973
    Lot size
    0.80 lot acres
    Property size
    3,276 SF
    Property type
    Industrial properties

    Description

    This exceptional Kingston, OK property offers a unique opportunity to acquire a thriving, established business alongside its substantial industrial building. Located at 401 Hwy 70 Highway Unit 401, this 3,276 square foot facility sits on a 0.8-acre lot, providing ample space for operations. The business specializes in welding, boat house construction, and the sales and installation of new and used boat lifts. The current owner is retiring but will continue operations until the sale is finalized, ensuring a smooth transition for the new owner. Included in the sale are most shop tools, barges, and equipment. The sale also includes three currently underway boathouse construction projects, representing immediate revenue potential for the buyer. The asking price for the entire package – business and property – is $650,000. Alternatively, the 3,276 sq ft building and 0.8-acre lot are available for purchase separately at $289,000, without the established business. This presents a rare chance to own a turnkey operation or a well-situated industrial property near Lake Texoma, a prime location for recreational activities and related businesses. The property's strategic location and established clientele base make it an attractive investment opportunity with significant growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Marshall
    State
    Oklahoma
    Longitude
    -96.7158
    Latitude
    33.9966

    Comparable in this City

    • Value Estimation by Request
      24,500 SF

      700 Hwy 32

      INDUSTRIAL (GENERAL) • 24,500 SF
      700 Hwy 32, Kingston, OK 73439-8073
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    • Value Estimation by Request
      3,250 SF

      5 Main St

      LUMBERYARD, BUILDING MATERIALS • 3,250 SF
      5 Main St, Kingston, OK 73439
      View Details
    • Value Estimation by Request
      7,260 SF

      5119 Enos Rd

      SHIPYARD - BUILT OR REPAIRED • 7,260 SF
      5119 Enos Rd, Kingston, OK 73439-4480
      View Details
    • Value Estimation by Request
      9,317 SF

      Kingston, OK 73439

      MINI-WAREHOUSE, STORAGE • 9,317 SF
      Kingston, OK 73439
      View Details
    • Value Estimation by Request
      18,900 SF

      1100 Hwy 70th N

      MINI-WAREHOUSE, STORAGE • 18,900 SF
      1100 Hwy 70th N, Kingston, OK 73439-8232
      View Details
    • Value Estimation by Request
      2,000 SF

      101 Old Towne Rd

      MINI-WAREHOUSE, STORAGE • 2,000 SF
      101 Old Towne Rd, Kingston, OK 73439
      View Details

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    Kingston, OK 73439
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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
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