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    343 Carl Albert Pkwy Mcalester, OK 74501-5043
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    Property profile & analytics

    343 Carl Albert Pkwy, Mcalester, OK 74501-5043

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    • Medical Office Space
    • 8,145 SF
    • 0.96 lot acres
    Off-Market
    Last Sale Aug 10, 2021
    Property ID
    US69-0814737
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stipe Law Firm / Law Firm
    • Eddie Foraker, Esq / Law Firm
    • Tim Maxcey, Esq / Law Firm
    • Eric Grantham, Esq / Law Firm
    • Russell Uselton, Esq / Law Firm

    Property Details for 343 Carl Albert Pkwy

    Year built
    1984
    Lot size
    0.96 lot acres
    Property size
    8,145 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    0100-00-321-013-0-013-00
    APU
    10000321013001300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $694,000
      Market price range: $695k - $2.46M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mcalester
    County
    Pittsburg
    State
    Oklahoma
    Longitude
    -95.7635
    Latitude
    34.9322
    CBSA code
    32540
    CBSA name
    MCALESTER, OK MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,112
    $7,919
    $39,159
    $47,078
    -
    $113,898
    $530,199
    $644,097

    Comparable in this City

    • Value Estimation by Request
      560 SF

      Mcalester, OK 74501

      MEDICAL BUILDING • 560 SF
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    • Value Estimation
      $515,000
      3,196 SF

      Strong Blvd

      MEDICAL BUILDING • 3,196 SF
      Strong Blvd, Mcalester, OK 74501
      View Details
    • Value Estimation by Request
      819 SF

      901 Strong Blvd

      MEDICAL BUILDING • 819 SF
      901 Strong Blvd, Mcalester, OK 74501-4206
      View Details
    • Value Estimation by Request
      171 SF

      211 5th St

      MEDICAL BUILDING • 171 SF
      211 5th St, Mcalester, OK 74501-4713
      View Details
    • Value Estimation
      $640,000
      5,844 SF

      Washington Ave

      MEDICAL BUILDING • 5,844 SF
      Washington Ave, Mcalester, OK 74501
      View Details
    • Value Estimation by Request
      945 SF

      320 Delaware Ave

      MEDICAL BUILDING • 945 SF
      320 Delaware Ave, Mcalester, OK 74501-5512
      View Details

    Similar Nearby for Sale

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    • $399,000
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      Versatile Commercial Space For Sale

      Spacious, well-maintained property suitable for various professional uses.
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    • $479,400
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      Medical Office Building Near Hospital

      Functional medical office space near McAlester Regional Hospital.
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    • $259,900
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      Versatile Commercial Building in McAlester

      Prime location suitable for retail, healthcare, or professional services.
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    • $125,000

      Income Producing Property For Sale

      Income-producing property with frontage on Carl Albert Parkway in McAlester.
      215 Carl Albert Pkwy, McAlester, OK 74501
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    • Contact for pricing
      1,100 SF

      Renovated Office Space Available

      Newly renovated office suites available with flexible sizes and amenities.
      3-721 S George Nigh Expy, McAlester, OK 74501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Co-working Space Available

      Flexible workspace solutions in the heart of McAlester.
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      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for rent.
      1750 East Carl Albert Pkwy, McAlester, OK 74501
      View Details
    • $15 SF/Yr

      Commercial Kitchen with 20' Vent

      Commercial kitchen space available for rent with 20' vent.
      1710 E Carl Albert Pkwy, McAlester, OK 74501
      View Details
    • Contact for pricing

      Retail Space on George Nigh

      1,500 SF retail suite in McAlester, Oklahoma.
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      View Details
    • Contact for pricing

      Versatile Industrial Space for Lease

      20,375 SF industrial space with loading docks and ample parking.
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      View Details
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    Mcalester, OK 74501-5043
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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