500 S Main St Fairfax, OK 74637
Property Lookup
Property profile & analytics
500 S Main St Fairfax, OK 74637
- Warehouses
- 4,765 SF
- 3.72 lot acres
Property ID
US69-1641662
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.
Location Intelligence
Current Use by Public Records
- Fairfax Feed & Ranch / Pet Store & Service
Property Details for 500 S Main St
- Year built
- 1945
- Lot size
- 3.72 lot acres
- Property size
- 4,765 SF
- Property type
- Warehouses
- APN
- 9996
- APU
- 9996
Description
This exceptional investment opportunity presents a brand-new, 10,500-square-foot Family Dollar and Dollar Tree combination store in Fairfax, Oklahoma. Built in 2024, this property boasts a 9.5-year remaining lease term (expiring 05/31/2034), commencing May 1st, 2024, with a strong corporate guarantee from Dollar Tree, Inc. The net lease structure provides a secure, passive income stream with a current NOI of $136,500 and a 7.75% cap rate. The asking price is $1,761,000. Rent increases of $0.50 per square foot are built into the lease every five years, ensuring future income growth. Located on a 0.96-acre lot at 500 S Main St, Fairfax, OK 74637, this property benefits from its position on a primary thoroughfare and limited competition within a 20-mile radius. The property is situated in a market with over 14,000 residents within a 20-mile radius and an average household income exceeding $62,000. The building includes a 20-year roof warranty. This is a rare opportunity to acquire a high-quality, newly constructed retail property with a strong tenant and significant upside potential. The combination store format averages 20% higher sales than traditional Family Dollar locations.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Fairfax
- County
- Osage
- State
- Oklahoma
- Longitude
- -96.704
- Latitude
- 36.5659
- CBSA code
- 46140
- CBSA name
- TULSA, OK METROPOLITAN 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
$83
$223
$858
$1,081
-
$1,860
$7,151
$9,011
