Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    15 Carl Albert Rd McAlester, OK 74501

    • Office Properties & Spaces
    • 1,677 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 15 Carl Albert Rd

    Year built
    1910
    Lot size
    0.09 lot acres
    Property size
    1,677 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional 1,677 square foot office space is ideally situated at 15 E Carl Albert Unit 15, McAlester, OK, placing your business at the heart of the city's commercial activity. Its strategic location near the courthouse and local banks provides unparalleled convenience and accessibility for a wide range of businesses, particularly those in the legal or financial sectors. The property boasts a practical and adaptable layout, designed to foster both collaboration and individual privacy. Multiple private offices are available, perfect for client consultations, team meetings, or individual workspaces. The 0.09-acre lot offers ample space for parking and potential future expansion. This turnkey office space presents a rare opportunity to establish or relocate your business in a thriving downtown environment. The asking price for this exceptional property is $140,000. Don't miss this chance to secure a prime location for your business's success. Schedule a viewing to experience the potential firsthand.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    McAlester
    County
    Pittsburg
    State
    Oklahoma
    Longitude
    -95.746
    Latitude
    34.928

    Comparable in this City

    • Value Estimation by Request
      2,870 SF

      101 Carl Albert Rd

      Office Properties & Spaces • 2,870 SF
      101 Carl Albert Rd, McAlester, OK 74501
      View Details
    • Value Estimation by Request
      4,000 SF

      505 2nd St

      OFFICE BUILDING • 4,000 SF
      505 2nd St, Mcalester, OK 74501-5811
      View Details
    • Value Estimation by Request
      4,941 SF

      217 A St

      OFFICE BUILDING • 4,941 SF
      217 A St, Mcalester, OK 74501-4321
      View Details
    • Value Estimation by Request
      1,696 SF

      2020 A St

      OFFICE BUILDING • 1,696 SF
      2020 A St, Mcalester, OK 74501-3006
      View Details
    • Value Estimation by Request
      160 SF

      15 Carl Albert Pkwy

      OFFICE BUILDING • 160 SF
      15 Carl Albert Pkwy, Mcalester, OK 74501
      View Details
    • Value Estimation by Request
      2,093 SF

      212 Cherokee Ave

      OFFICE BUILDING • 2,093 SF
      212 Cherokee Ave, Mcalester, OK 74501-5330
      View Details

    Similar Nearby for Sale

    • $210,000

      McAlester Office Building - $210K

      Charming McAlester office, endless potential.
      1301 Main St, McAlester, OK 74501
      View Details
    • Contact for pricing
      1,200 SF

      McAlester Office Space - Lease Only

      1200 sq ft Office, $2000/month
      1008 Main St, McAlester, OK 74501
      View Details
    • $190,000
      0.62 Acres

      McAlester Office Building - $190K

      Versatile Office Building, New Roof, 0.62 Acres
      9373 Tannehill Rd, McAlester, OK 74501
      View Details
    • $440,000

      Versatile Commercial Space Available

      Spacious, well-maintained property suitable for various professional uses.
      1029 E Washington Ave, McAlester, OK 74501
      View Details
    • $125,000

      Income Producing Property For Sale

      Income-producing property with frontage on Carl Albert Parkway in McAlester.
      215 Carl Albert Pkwy, McAlester, OK 74501
      View Details
    • $250,000

      Versatile Commercial Property with Kitchen

      High-visibility commercial space suitable for restaurant, retail, or co-working.
      1250 W Washington Ave, McAlester, OK 74501
      View Details

    Similar Nearby for Lease

    • $1,998 /Mo
      8,060 SF

      Modern Office Space Available

      Modern office space with reception area and natural lighting.
      320 E Carl Albert Pkwy, McAlester, OK 74501
      View Details
    • $1,808 /Mo
      8,060 SF

      Modern Office Space Available

      Remodeled office space with high traffic location in McAlester.
      320 E Carl Albert Pkwy, McAlester, OK 74501
      View Details
    • $7 SF/Yr
      119,750 SF

      McAlester Retail Space For Lease

      High-traffic retail space in prime McAlester location.
      1744 Carl Albert Pkwy, McAlester, OK 74501
      View Details
    • Contact for pricing
      2,900 SF

      Drive-Thru Restaurant Space Available

      Commercial space available for lease, ideal for drive-thru restaurant.
      1750 East Carl Albert Pkwy, McAlester, OK 74501
      View Details
    • $1,000,000
      89,151 SF

      McAlester Industrial Property for Lease

      89,151 SF industrial property with office space and loading docks.
      1801 E College Ave, McAlester, OK 74501
      View Details
    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.
    15 Carl Albert Rd
    McAlester, OK 74501
    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.