205 Kerr Blvd Sallisaw, OK 74955-7239
- Retail space
- 7,500 SF
- 1.22 lot acres
Current Use by Public Records
- Dollar General / Drug Store / Seasonal Goods Store
- Western Union / Money Transfer Service
- FedEx OnSite / Mailing Service
Property Details for 205 Kerr Blvd
- Year built
- 1995
- Lot size
- 1.22 lot acres
- Property size
- 7,500 SF
- Property type
- Retail space
- APN
- 0035-00-000-001-0-000-00
- APU
- 3500000001000000
Description
This exceptional investment opportunity presents a 7,500-square-foot shopping center in Sallisaw, Oklahoma, currently listed at $1,070,000 with a compelling 6.5% cap rate. The property, situated on a 1.22-acre lot at 205 N Kerr Blvd (zip code 74955), enjoys a highly visible location at the corner of S Kerr Blvd (Highway 59) and Cherokee Ave (Highway 64), providing excellent access and high traffic volume. Its strategic proximity to Interstate 40 (just one mile away) further enhances its appeal. The building, which underwent recent renovations within the past year, is currently occupied by Dollar General under an absolute net lease. This minimizes landlord responsibilities and provides a stable income stream. The property benefits from a strong tenant base in the immediate vicinity, including Firstar Bank, EZ Mart, Casey's General Store, Blue Jay Inn, Blue Ribbon Diner, Cellofoam Building Products, Bootleggers Liquor, and Onin Staffing. This well-maintained shopping center represents a rare opportunity to acquire a profitable retail asset in a thriving Oklahoma community. The property's size, location, and current lease agreement make it an attractive investment for discerning buyers seeking strong returns and long-term stability.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $590,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $440,000
- 6.5%
- $415,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $460,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $410,000
- Retail
- $460,000
- Mixed-Use
- $480,000
- Hospitality
- $505,000
- Educational
- $500,000
- Residential Income
- $375,000
- Energy
- $395,000
- Income-Based Land
- $380,000
- Food Service
- $460,000
Location Insight
- Map
- Local Demand
- City
- Sallisaw
- County
- Sequoyah
- State
- Oklahoma
- Longitude
- -94.8085
- Latitude
- 35.4596
- CBSA code
- 22900
- CBSA name
- FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA
