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    14001 E State Hwy 105 Meridian, OK 73058

    Sponsored
    For Sale
    Pending
    $1,956,000

    LAND - Meridian, OK

    Lot size:
    465.82 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 30 at 1:06 am

    Property Features for 14001 E State Hwy 105

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Agriculture
    APN
    14001EStateHighway10573058
    Lot size
    465.82 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Jan Goodyear

    Centurion, Inc (405) 359-7400

    Listing agent Jan Goodyear (405) 740-6572

    Listing date Jan 12, 2026

    MLS# 1209145 Listing URL

    Copyright © 2026 MLSOK, 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

    Overview

    465 Acres of Highway Frontage

    This 465.824-acre land parcel, located in Meridian, OK, features extensive frontage on multiple sides: 3/4 mile of paved highway frontage on the north boundary (State Highway 105), 1 mile of paved frontage on the west boundary, and 3/4 mile of gravel frontage on the south boundary. The property is unrestricted with no zoning or permit requirements, and rural water access is available on the west side. No inspections are required other than DEQ regulations. The land has been used for cattle grazing and is currently unleased, offering immediate access. Clearing has been performed over the last couple of years. The location provides convenient access in all directions and is within 12 minutes of I-35. The property includes two ponds and a pipeline easement running east and west along the southern portion.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Meridian
    County
    Logan
    State
    Oklahoma
    Longitude
    -97.243519
    Latitude
    35.867307

    FAQs

    What type of property is this?
    Agricultural land - Unrestricted 465-acre land parcel with extensive highway frontage near I-35.
    Where is this agricultural land located?
    The property is located at 14001 E State Hwy 105 Meridian, OK.
    What is the asking price?
    The asking price for this property is $1,956,000.
    What are key features of this property?
    This property features: - Excellent Accessibility: Just 12 minutes from I-35 with extensive road frontage on three sides (paved and gravel).; - Development Flexibility: Benefit from no zoning restrictions or permits required (except DEQ regulations).; - Rural Water Access: Public water source available on the west side of the acreage.
    (405) 740-6572
    Request Owner's contact information
    14001 E State Hwy 105 Meridian, OK 73058
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    Meridian, OK 73058
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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
    14001 E State Hwy 105 Meridian, OK 73058
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    Listing Contact
    Jan Goodyear
    (405) 740-6572
    Learn more
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