Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    701 George Nigh Expy Mcalester, OK 74501-7278

    • Grocery and convenience stores
    • 4,032 SF
    • 0.70 lot acres
    OFF-MARKET
    Last Sale
    Jun 25, 2021
    $350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0844073
    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

    • Phillips 66 / Gas Station
    • Ashmore Valero / Gas Station / Convenience Store
    • Easy Stop #10 / Convenience Store
    • Bitcoin ATM McAlester - Coinhub / Atm / Currency Exchange Service

    Property Details for 701 George Nigh Expy

    Year built
    1991
    Lot size
    0.70 lot acres
    Property size
    4,032 SF
    Property type
    Grocery and convenience stores
    APN
    1512-00-000-046-0-046-05
    APU
    151200000046004605

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mcalester
    County
    Pittsburg
    State
    Oklahoma
    Longitude
    -95.746
    Latitude
    34.9127
    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
    $3,531
    $25,294
    $15,131
    $40,425
    -
    $259,675
    $137,552
    $397,227

    Comparable in this City

    • Value Estimation by Request
      4,480 SF

      8911 State Hwy 113

      CONVENIENCE STORE • 4,480 SF
      8911 State Hwy 113, Mcalester, OK 74501
      View Details
    • Value Estimation by Request
      3,010 SF

      12535 Us Hwy 270

      CONVENIENCE STORE • 3,010 SF
      12535 Us Hwy 270, Mcalester, OK 74501-5562
      View Details
    • Value Estimation
      $1,335,000
      3,750 SF

      2103 Hickory St

      CONVENIENCE STORE • 3,750 SF
      2103 Hickory St, Mcalester, OK 74501-3009
      View Details
    • Value Estimation by Request
      744 SF

      1000 Main St

      CONVENIENCE STORE • 744 SF
      1000 Main St, Mcalester, OK 74501-3952
      View Details
    • Value Estimation by Request
      2,312 SF

      Us Hwy 270

      CONVENIENCE STORE • 2,312 SF
      Us Hwy 270, Mcalester, OK 74501
      View Details
    • Value Estimation
      $600,000
      4,080 SF

      Johnson St

      CONVENIENCE STORE • 4,080 SF
      Johnson St, Mcalester, OK 74501
      View Details

    Similar Nearby for Sale

    • $259,900
      1,749 SF

      Commercial Building in Prime Location

      Versatile commercial building suitable for retail, healthcare, or professional services.
      211 N 5Th St, McAlester, OK 74501
      View Details
    • $1,750,000
      10,809 SF

      McAlester Mixed-Use Investment Opportunity

      1.74 acres with 10,809 sq ft industrial building.
      1631 S Us Hwy 69 Hwy, McAlester, OK 74501
      View Details
    • $299,000
      2,000 SF

      Retail Building For Sale

      Retail property available for purchase in McAlester, Oklahoma.
      225 S 3Rd St, McAlester, OK 74501
      View Details
    • $189,000

      Highway Frontage Commercial Property

      Commercial property with high visibility and redevelopment potential.
      2395 Us Highway 270, McAlester, OK 74501
      View Details
    • $118,900
      1,854 SF

      McAlester Retail Space - Turnkey Business

      Prime McAlester retail space, fully equipped salon.
      427 Carl Albert Pkwy, McAlester, OK 74501
      View Details
    • $2,880,000
      3,520 SF

      Freddy's Absolute NNN Lease

      New 20-year NNN lease with attractive rental escalations.
      1102 S George Nigh Expy, McAlester, OK 74501
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      119,750 SF

      McAlester Retail Space For Lease

      High-traffic retail space in prime McAlester location.
      1744 Carl Albert Pkwy, McAlester, OK 74501
      View Details
    • Contact for pricing
      2,900 SF

      Drive-Thru Restaurant Space Available

      Commercial space available for lease, ideal for drive-thru restaurant.
      1750 East Carl Albert Pkwy, McAlester, OK 74501
      View Details
    • $1,998 /Mo
      8,060 SF

      Modern Office Space Available

      Modern office space with reception area and natural lighting.
      320 E Carl Albert Pkwy, McAlester, OK 74501
      View Details
    • $1,808 /Mo
      8,060 SF

      Modern Office Space Available

      Remodeled office space with high traffic location in McAlester.
      320 E Carl Albert Pkwy, McAlester, OK 74501
      View Details
    • $1,000,000
      89,151 SF

      McAlester Industrial Property for Lease

      89,151 SF industrial property with office space and loading docks.
      1801 E College Ave, McAlester, OK 74501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    701 George Nigh Expy
    Mcalester, OK 74501-7278
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.