Technical
Financial
Distress signals
Property profile

1221 N Grady St Altus, OK 73521

FOR SALE
Turn key restaurants
Property ID
US69-1531307
2,948 SF 0.47 ac lot Built 1960
Individually Owned 17-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional turnkey opportunity presents a thriving Mexican restaurant located at 1221 N Grady St, Altus, OK 73521. The property, situated on a 0.47-acre lot, boasts a spacious 2,948 square foot building currently generating a stable monthly rental income of $2,400. The asking price for this established business and real estate is $400,000, translating to a price per square foot of $135.69. This represents a strong investment potential for buyers seeking a proven, income-producing asset in a well-established location within Jackson County. The restaurant is currently operational, offering immediate cash flow and the potential for continued growth. The substantial lot size provides ample space for potential expansion or outdoor seating. This property is a rare find, combining the benefits of a successful, existing business with the security of owning the underlying real estate. The property's location in Altus, Oklahoma offers a strong local market and convenient access to major transportation routes. This is an ideal opportunity for investors seeking a stable, income-generating asset with significant upside potential. All interested parties are encouraged to conduct their own due diligence.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1960
Total area 2,948 SF
Lot 0.47 ac (20,517 SF)
APN 0010-00-009-005-0-001-00
UPID US69-1531307

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1221 N Grady St Altus, OK 73521
Altus metro Census 968400 ALTUS, OK MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2009
3 recorded transactions
2023
Price N/A
2019
Price N/A
2009
$105,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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