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    Property profile & analytics

    419 S George Nigh Expy McAlester, OK 74501

    • Motels
    • 3,682 SF
    • 2.75 lot acres
    For Sale
    View listing
    $2,500,000
    Value Estimation
    Last Sale
    Apr 01, 2024
    $1,200,000
    Location Intelligence
    Property ID
    US69-0894158
    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.

    Current Use by Public Records

    • HiWay Inn & Suites / Hotel / Extended Stay Hotel
    • Pizza inn McAlester / Buffet Restaurant

    Property Details for 419 S George Nigh Expy

    Year built
    1960
    Lot size
    2.75 lot acres
    Property size
    3,682 SF
    Property type
    Motels
    APN
    0100-00-462-002-0-002-00
    APU
    10000462002000200

    Description

    Exceptional investment opportunity: The HiWay Inn & Suites, a 135-key hotel in McAlester, Oklahoma, is offered at $3,200,000. This 61,470 square foot property, built in 1994, sits on a 4.75-acre lot and boasts a prime location along a major retail corridor with approximately 485 feet of frontage on Hwy I-169. The property includes multiple hotel buildings and a free-standing Pizza Inn restaurant. Its strategic location across from Walmart and near the merging points of major highways (Hwy 75, Hwy 69, and I-40) presents significant advantages. The property's size and location make it ideal for various redevelopment options, including a truck stop, truck wash, truck repair shop, or apartment complex. Additional land is available for expansion west of the existing structures. This two-story hotel presents a unique opportunity in an Opportunity Zone. The asking price is $52.06 per square foot.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,245,000
      6.5%
      $1,185,000
      7%
      $1,090,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,040,000
      Geo Method
      $1,215,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,235,000
      Retail
      $1,205,000
      Mixed-Use
      $1,010,000
      Hospitality
      $985,000
      Educational
      $990,000
      Residential Income
      $970,000
      Energy
      $1,230,000
      Income-Based Land
      $1,310,000
      Food Service
      $950,000

    Location Insight

    • Map
    • Local Demand
    City
    Mcalester
    County
    Pittsburg
    State
    Oklahoma
    Longitude
    -95.7456
    Latitude
    34.9211
    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
    $27,186
    $82,525
    $228,700
    $311,225
    -
    $750,231
    $2,079,092
    $2,829,323

    Comparable in this City

    • Value Estimation by Request
      8,645 SF

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    • Value Estimation by Request
      1,680 SF

      1215 George Nigh Expy

      MOTEL • 1,680 SF
      1215 George Nigh Expy, Mcalester, OK 74501-7195
      View Details
    • Value Estimation
      $1,140,000
      1,288 SF

      731 George Nigh Expy

      MOTEL • 1,288 SF
      731 George Nigh Expy, Mcalester, OK 74501-7278
      View Details
    • Value Estimation
      $385,000
      1,296 SF

      615 George Nigh Expy

      MOTEL • 1,296 SF
      615 George Nigh Expy, Mcalester, OK 74501-7277
      View Details
    • Value Estimation
      $720,000
      5,320 SF

      2400 Main St

      MOTEL • 5,320 SF
      2400 Main St, Mcalester, OK 74501-7438
      View Details
    • Value Estimation
      $1,215,000
      17,546 SF

      1400 George Nigh Expy

      MOTEL • 17,546 SF
      1400 George Nigh Expy, Mcalester, OK 74501-7406
      View Details

    Similar Nearby for Sale

    • $2,500,000
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      Hotel, Restaurant, and Meeting Rooms

      Prime location with hotel, restaurant, and repurpose opportunity.
      419 S George Nigh Expy, McAlester, OK 74501
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    Similar Nearby for Lease

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      McAlester Retail Space For Lease

      High-traffic retail space in prime McAlester location.
      1744 Carl Albert Pkwy, McAlester, OK 74501
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      Modern Office Space Available

      Modern office space with reception area and natural lighting.
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    • Contact for pricing
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      Commercial space available for lease, ideal for drive-thru restaurant.
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      Modern Office Space Available

      Remodeled office space with high traffic location in McAlester.
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    419 S George Nigh Expy
    McAlester, OK 74501
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    Realmo Value Estimation

    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.

    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.

    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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