Technical
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Property profile

2510 W Main St Durant, OK 74701

FOR SALE
Office buildings
Property ID
US69-2038608
810 SF 0.27 ac lot Built 1965
Entity Owned Absentee Owner Free & Clear
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2510 W Main St, Durant, OK 74701 For Sale
Contact for pricing 810 SF
2510 W Main St, Durant, OK 74701
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Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 3,423 square foot retail center in Durant, Oklahoma, built in 2023. The property boasts a 6.25% cap rate and a strong net operating income (NOI) of $91,757, supported by two national tenants, T-Mobile and Sport Clips, each recently signed to long-term leases with attractive rent increases. Located on a 0.27-acre lot at 2510 W Main St, this fee-simple property enjoys excellent visibility and accessibility, situated in a high-traffic retail corridor near major retailers like Walmart, Lowe's, and Harbor Freight, as well as several schools and universities. The property benefits from its location on W Main Street, experiencing over 17,000 vehicles per day, and proximity to State Highway 75 with 35,000 vehicles per day. Durant's status as the capital of the Choctaw Nation, with over 5,400 employees and significant tourism from Lake Texoma and the Choctaw Casino Resort (adding 20,000+ to the daytime population), further enhances the property's investment potential. The asking price is $1,468,112, translating to $428.90 per square foot. This is a rare opportunity to acquire a high-performing, net-leased retail property with exceptional long-term growth prospects in a thriving Oklahoma market. The property is 100% occupied.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1965
Total area 810 SF
Lot 0.27 ac (11,761 SF)
APN A399-25-06S-08E-4-036-00
UPID US69-2038608

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
  • Hair Salon
  • Mobile Phone Store Electronics & Wireless Store
  • Car Dealership
  • Government Office
  • Real Estate Agency

Location

2510 W Main St Durant, OK 74701
Durant metro Census 796102 DURANT, OK MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$125k

Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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