113 S Main St Altus, OK 73521
For Sale
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This unique 9,900 square foot commercial property located at 113 S Main Street, Altus, OK, presents a remarkable investment opportunity. Currently operating as a gun firing range, complete with inventory and classrooms for gun safety instruction, this 0.16-acre property offers significant versatility. The main building boasts a ground floor dedicated to the existing range operations, providing a solid foundation for continued use in this sector. However, the true potential lies within the expansive upstairs area. This level comprises 38 interconnected rooms, offering a blank canvas for creative adaptation. Imagine the possibilities – from additional training spaces to unique retail ventures or even residential conversion (subject to local zoning regulations). Adjacent to the main building is a substantial storage area and a couple of offices, currently used for crafts, further enhancing the property's functionality and potential rental income streams. The property's rich history adds to its character and appeal. While currently configured for a specific use, the seller is open to exploring alternative uses, subject to feasibility and any necessary approvals. This property is being sold as-is. Serious inquiries are encouraged to explore the full potential of this exceptional commercial space. The buyer must possess a Federal Firearms License (FFL) for the current use.
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Yellow Rose Firing Range Shooting Range
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.