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    101 N Clarady Wanette, OK 74878

    Sponsored
    For Sale
    $800,000

    Cannabis Property - Wanette, OK

    Property size:
    8,250 SF
    Lot size:
    0.16 Acres
    Days on Market:
    335
    Last Refresh:
    Jan 24 at 1:06 pm

    Property Features for 101 N Clarady

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Zoning
    com
    Interior features
    Extra Insulation, High Speed Internet, Security System-owned, 220 V, 440 V, Elevator, Secure Facility
    Exterior features
    Sidewalk, Loading Dock
    Accessibility
    Accessible Elevator Installed
    Size
    8,250 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Multi Units

    Building Details

    Year built
    1910
    Flooring type
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeffrey A Peters

    RE/MAX T-town (918) 550-9506

    Listing agent Jeffrey A Peters (918) 550-9506 License #205294

    Listing date Feb 24, 2025

    MLS# 2506774 Listing URL

    Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Grow Facility in Wanette, OK

    This commercial property in Wanette, OK, includes a 10,006 square foot building that was originally constructed in 1904 and completely rebuilt in 2019 by a licensed contractor specializing in grow facilities. The building features seven 500 square foot flower/veg rooms with independent controls, rolling tables, and high-quality HVAC. There is also a 4,000 square foot flower/veg room, central feed system, compressed air piping (CO2-ready), and a central vacuum system. The facility has 1,200 amp 3-phase 120/208V power, fiberoptic internet, a walk-in vault, a loading dock, and a dumbwaiter. A whole-building generator is on-site (wiring needed), and can be purchased with the sale for an additional cost. The property has a non-hazardous processing and dispensary license. The property also includes a second building constructed for expansion, measuring 9,600 square feet. This building contains 3 large grow rooms, each equipped with 28 lights and 20 tons of AC. It features 3 phase 1200 amp 277/480 service with a stepdown transformer for 120/277 requirements, and hardline fiber service is available. New water and sewer lines are currently installed. The property is located on a 0.161-acre lot. The state fire marshal’s COO approval is in progress.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Green Leaf Cultivation Agricultural Organization

    Suggested Use

    Spa & Massage Hair Salon Nail Salon Department Store Senior Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wanette
    County
    Pottawatomie
    State
    Oklahoma
    Longitude
    -97.03348
    Latitude
    34.962789

    FAQs

    What type of property is this?
    Cannabis farm - Commercial grow facility featuring multiple flower/veg rooms and high-quality HVAC.
    Where is this cannabis farm located?
    The property is located at 101 N Clarady Wanette, OK.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Turnkey 10,006 SQFT commercial grow facility (Building #1) rebuilt in 2019 with specialized features.; - Seven 500 SQFT flower/veg rooms with independent controls, rolling tables, and high-quality HVAC.; - 1,200 amp 3-phase power in both buildings.
    (918) 550-9506
    Request Owner's contact information
    101 N Clarady Wanette, OK 74878
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    Wanette, OK 74878
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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
    101 N Clarady Wanette, OK 74878
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    We can help!
    Listing Contact
    Jeffrey A Peters
    Real Estate License ID: 205294
    (918) 550-9506
    Learn more
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