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Property profile & analytics
FOR SALE
Retail space

113 S Main St Altus, OK 73521

19,494 SF 0.24 ac lot Built 1960
Entity Owned 18-yr Hold Free & Clear
Property ID
US69-1632547
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Total area 19,494 SF
Lot 0.24 ac (10,498 SF)
APN 0005-00-037-013-0-000-00
UPID US69-1632547
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
  • Yellow Rose Firing Range Shooting Range
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$675k
Owner & transaction history
Stevens & Son LLC · 18 yrs held
Stevens & Son LLC
since 2008
1 recorded transaction
2008
$50,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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