Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1120 Falcon Rd St Altus, OK 73521
    Back to Search
    Property profile & analytics

    1120 Falcon Rd St Altus, OK 73521

    View on Map
    • Investment properties
    • 2,496 SF
    • 0.44 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 1120 Falcon Rd St

    Year built
    1978
    Lot size
    0.44 lot acres
    Property size
    2,496 SF
    Property type
    Investment properties

    Description

    This exceptional investment opportunity presents a 2,496 square foot building situated on a 0.44-acre lot in Altus, Oklahoma. The property boasts a highly desirable location at the intersection of two four-lane streets, ensuring excellent visibility and accessibility for any future business. Previously operating as a successful convenience store and gas station, this established commercial space benefits from a history of consistent customer traffic on busy Falcon Road. The substantial building offers ample space for a variety of commercial ventures, making it an ideal canvas for entrepreneurs seeking a well-positioned property with significant potential. The 0.44-acre lot provides ample parking and room for expansion or outdoor amenities. Given its prime location and history as a thriving business, this property represents a rare chance to acquire a turnkey commercial space in a high-traffic area of Altus. The asking price of $600,000 reflects the significant value and potential of this established commercial property. Serious inquiries are encouraged to explore this lucrative investment opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Altus
    County
    Jackson
    State
    Oklahoma
    Longitude
    -99.3169
    Latitude
    34.6519

    Comparable in this City

    • Value Estimation
      $715,000
      5,237 SF

      1501 Broadway St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,237 SF
      1501 Broadway St, Altus, OK 73521-5707
      View Details
    • Value Estimation by Request
      1,000 SF

      2117 Broadway St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,000 SF
      2117 Broadway St, Altus, OK 73521-5809
      View Details
    • Value Estimation by Request
      4,002 SF

      700 Commerce St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,002 SF
      700 Commerce St, Altus, OK 73521
      View Details
    • Value Estimation by Request
      4,734 SF

      218 Cypress St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,734 SF
      218 Cypress St, Altus, OK 73521-3704
      View Details
    • Value Estimation by Request
      4.96 Acres

      3306 Main St

      Commercial real estate • 4.96 Acres
      3306 Main St, Altus, OK 73521
      View Details
    • Value Estimation by Request
      4.88 Acres

      2115 Broadway St

      Commercial real estate • 4.88 Acres
      2115 Broadway St, Altus, OK 73521
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,415 SF

      Remodeled Office Building with Parking

      Remodeled office building with ample parking in commercial area.
      1904 E Broadway St, Altus, OK 73521
      View Details
    • Contact for pricing
      990 SF

      Aviation Property with Runway, Hangar

      16.5-acre aviation property with hangar and living quarters.
      20191 Us Highway 62, Altus, OK 73521
      View Details
    • Contact for pricing
      2,496 SF

      Former Convenience Store and Gas

      Building and lot on high traffic corner in Altus.
      1120 E Falcon Rd St, Altus, OK 73521
      View Details
    • Contact for pricing
      2,542 SF

      Prime Location Commercial Property

      2500 sq ft commercial space in high-traffic Altus location.
      720 N Main St, Altus, OK 73521
      View Details
    • $922,000

      Highway Frontage Land For Sale

      Commercial land with highway frontage, suitable for development.
      3306 N Main St, Altus, OK 73521
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr

      Retail Space on 8.36 Acres

      Retail space available for lease on a large lot.
      1116 N Main St, Altus, OK 73521
      View Details
    • Contact for pricing
      1,800 SF

      Garage and Warehouse on Falcon

      Garage and warehouse with two spaces for sale on Falcon.
      921 Falcon Rd, Altus, OK 73521
      View Details
    • $8 SF/Yr
      958 SF

      85,453 SF Retail Center

      Retail center anchored by Dunham's Sports on 8.36 acres.
      1100-1126 N Main St, Altus, OK 73521
      View Details
    • Contact for pricing
      1,800 SF

      Warehouse with Office and Paint Booth

      1,800 SF warehouse with office and auto shop features.
      925 Falcon Rd, Altus, OK 73521
      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.
    1120 Falcon Rd St
    Altus, OK 73521
    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

    Thank You for Inquiry
    1120 Falcon Rd St, Altus, OK, 73521
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!