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Property profile & analytics
OFF-MARKET
Office buildings

10 Washington Ave Mcalester, OK 74501-4623

108 SF 0.69 ac lot Built 1966
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US69-0793448
Property summary
AI-generated overview

This exceptional 12,148 square foot property, located at 10 E Washington Avenue, Unit 10, in the heart of downtown McAlester, Oklahoma, presents a unique investment opportunity. Situated on a 0.69-acre lot, this property boasts a highly desirable location with convenient access to local shops, restaurants, and other amenities. A key advantage is its dedicated parking lot, a rare find in a downtown setting, ensuring ample parking for tenants and customers. The property is currently generating income from long-term tenants, providing immediate return on investment. Recent upgrades and renovations have enhanced both the interior and exterior, ensuring the property is well-maintained and attractive. This versatile property is suitable for both investors seeking a steady income stream and owner-occupants looking for a prime location with existing rental income. The established tenants contribute to the property's financial stability, potentially covering a significant portion of ownership costs. This is a rare chance to acquire a substantial property in a thriving downtown area, offering significant potential for future growth and profitability. The asking price is $575,000.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1966
Total area 108 SF
Lot 0.69 ac (30,200 SF)
APN 0100-00-318-004-0-004-00
UPID US69-0793448
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Parks Michael D Law Firm
  • Allford Ivester & Green Law Firm
  • Constantikes John J Law Firm
  • Green Elaine Law Firm
  • Thad Tate Bail Bonds Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Shores Properties LLC · 4 yrs held
Shores Properties LLC
since 2021
Last sale
$414,000
1 recorded transaction
2021
$414,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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