Add Listing
    For Sale
    • 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

    15501 E Spencer Crk Rd Claremore, OK 74017

    View on Map
    Sponsored
    For Sale
    $79,900

    LAND - Claremore, OK

    Lot size:
    2.62 Acres
    Days on Market:
    27
    Last Refresh:
    Mar 7 at 9:06 am

    Property Features for 15501 E Spencer Crk Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Rural resi
    APN
    660013417
    Lot size
    2.62 Acres

    We can help!

    Listing Contact
    Ben Mize

    Solid Rock, Realtors (918) 637-3415

    Listing agent Ben Mize (918) 520-7517

    Listing date Feb 9, 2026

    MLS# 2603463 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

    Overview

    Land for Residential Development

    This 2.62-acre property is located in Claremore, OK. The land has been recently cleared of underbrush, with mature trees remaining. Utilities are available at the road. The property is zoned for rural residential use, making it suitable for building a home.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Claremore
    County
    Rogers
    State
    Oklahoma
    Longitude
    -95.5666
    Latitude
    36.3346

    Nearby Similar for Sale

    • $995,000

      Modern Warehouses on 7 Acres

      Two insulated warehouse buildings on 7 acres between Claremore and Pryor.
      21300 S 4200 Rd, Claremore, OK 74019
      View Details
    • Contact for pricing
      2,160 SF

      Prime Claremore Office Space

      Newly renovated, 2160 sq ft office building
      1005 Archer Dr, Claremore, OK 74017
      View Details
    • $549,000

      Versatile Commercial Building in Claremore

      Pristine commercial building with high visibility and ample parking.
      1100 W Blue Starr Dr, Claremore, OK 74017
      View Details
    • $549,000
      Pending

      Commercial Property in Claremore, OK

      Commercial building on 0.275 acres, suitable for retail/office/industrial use.
      840 W Will Rogers Blvd, Claremore, OK 74017
      View Details
    • $400,000
      1,924 SF

      Office Building Near Courthouse

      Professional office building in Claremore's growing commercial district.
      411 W 1St St, Claremore, OK 74017
      View Details
    • Contact for pricing
      600 SF

      Retail Space in Downtown Claremore

      Commercial space ideal for retail or your business dreams.
      104 S Cherokee Ave, Claremore, OK 74017
      View Details
    • $875,000
      Pending

      Versatile Industrial Property on 3.5 Acres

      Industrial property with 17,000 SF under roof on 3.5 acres.
      15251 Ok-66 Hwy, Claremore, OK 74017
      View Details
    • $175,000
      Pending

      Claremore Duplex with Recent Upgrades

      Duplex in Claremore, OK with significant recent renovations.
      509 N Weenonah Ave, Claremore, OK 74017
      View Details
    • $1,175,000
      13,968 SF

      Versatile Commercial Property on Highway 66

      High-visibility commercial property with retail, office, shop, and residential spaces.
      6700 Ok-66 Hwy, Claremore, OK 74017
      View Details
    • $1,450,000
      7,200 SF

      Legion Center: Annapolis Warehouse Space

      Annapolis warehouse, flexible layouts, prime location.
      1516 Lynn Riggs Blvd, Claremore, OK 74017
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.62 acre lot, cleared, utilities at road.
    Where is this residential land & home lot located?
    The property is located at 15501 E Spencer Crk Rd Claremore, OK.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: - Cleared of underbrush for easier building; - Mature trees remaining for aesthetic appeal and shade; - Utilities are at the road for convenient hookup
    (918) 341-7625
    Request Owner's contact information
    15501 E Spencer Crk Rd Claremore, OK 74017
    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.
    15501 E Spencer Crk Rd
    Claremore, OK 74017
    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
    15501 E Spencer Crk Rd Claremore, OK 74017
    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

    We can help!
    Listing Contact
    Ben Mize
    Real Estate License ID: 184313
    (918) 341-7625 (918) 256-7625 (918) 637-3415
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!