1911 Washington St Idabel, OK 74745
This exceptional investment opportunity presents a 19,515-square-foot, multi-tenant retail shopping center in Idabel, Oklahoma. The property boasts a 100% occupancy rate with five national tenants, including Dollar Tree and Hibbett Sports, under triple-net (NNN) leases. The strong tenant base features a mix of established businesses, with 93% of the gross leasable area (GLA) occupied for 15 or more years. Built in 2004, the single-building center sits on a 1.86-acre lot with ample parking. A new roof was installed in 2018, offering a long-term warranty. The property benefits from a high-traffic location on Washington Street, exceeding 10,031 vehicles per day, and is shadow-anchored by a Walmart Supercenter. Nearby national and regional retailers further enhance the property's visibility and draw. The center's strong financial performance is reflected in its 7.06% cap rate and a net operating income (NOI) of $235,351. The asking price is $3,335,000, or $170.89 per square foot. The 10-mile population is approximately 15,535, with an average household income of $54,604. This stabilized investment offers a compelling combination of strong tenancy, high traffic counts, and a desirable location in a growing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.