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

    23 Lakewood Drive Seminole, OK 74868

    View on Map
    Claim this Listing
    For Sale
    $30,000

    LAND - Seminole, OK

    Lot size:
    0.35 Acres
    Added:
    Mar 20, 2024
    Days on Market:
    761
    Last Refresh:
    Apr 19 at 7:06 pm

    Property Features for 23 Lakewood Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    23NONELakewood74868
    Lot size
    0.35 Acres

    We can help!

    Listing Contact
    Pam Robinson

    Listing agent Pam Robinson License #119875

    Listing office Pam Robinson Real Estate Inc 601 N Milt Phillips, Seminole, OK

    Listing date Mar 20, 2024

    MLS# 1104356

    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.

    Overview

    Residential Land in Lakewood Estate

    Located in the picturesque and friendly Lakewood Estate community in Seminole, Oklahoma, this residential land offers an opportunity to build a dream home. Limited lots are available, with dimensions suitable for various home designs. The minimum home size is 1550 square feet. The community features a common area with a pond suitable for picnics and fishing. Lakewood Estate is near Seminole's amenities, including the Jimmie Austin Golf Course, Seminole State College, and St. Anthony Hospital. The location provides accessibility to major cities, with Oklahoma City 57 miles away, Tulsa 88 miles away, and Dallas 190 miles away. The Home Owners Association (HOA) fee is $144 annually, which maintains the quality of the neighborhood. The lot size is 0.3508 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Seminole
    County
    Seminole
    State
    Oklahoma
    Longitude
    -96.660268
    Latitude
    35.24292

    Nearby Similar for Sale

    • $300,000

      Commercial Land on State Hwy

      1.35-acre commercial property with highway frontage and available utilities.
      E Wrangler Boulevard, Seminole, OK 74868
      View Details
    • $345,000
      3,366 SF

      Highway 270 Commercial Property on Acres

      Commercial property on 28.67 acres near Highway 270 in Seminole, OK.
      35863 E Highway 270, Seminole, OK 74868
      View Details
    • $1,000,000
      12,000 SF

      Multipurpose Building in Central Seminole

      Mixed-use building with commercial spaces and apartments in growing community.
      328 N Main Street, Seminole, OK 74868
      View Details
    • $250,000

      3.20-Acre Commercial Land in Seminole

      3.20-acre commercial land with utilities, C-1 zoning, near amenities.
      Eastgate Drive, Seminole, OK 74868
      View Details
    • $195,000
      2,500 SF

      Downtown Seminole Office Building

      Versatile office building in downtown Seminole's historic Main Street.
      416 N Main Street, Seminole, OK 74868
      View Details
    • $48,000

      Prime Development Land Opportunity

      3.68-acre vacant lot near Highway 270, Seminole, OK.
      Harvey Road, Seminole, OK 74868
      View Details
    • $1,000,000

      Commercial Land on Highway 99

      Highly visible commercial land with highway frontage in prime Seminole location.
      99 Highway, Seminole, OK 74868
      View Details
    • $18,400
      18,500 SF

      .42 Acre Commercial Build site for under $19,000.

      In-fill development site on Boren Blvd/US Highway 270.
      955 Boren Blvd, Seminole, OK 74868
      View Details
    • $1,000,000

      Prime Commercial Land on Highway

      3-acre commercial lot with high-traffic frontage on US Highway 377.
      11871 N 377 Highway, Seminole, OK 74868
      View Details
    • $400,000
      5 SF

      Freestanding Building on Large Parcel

      Former bank building on 5.26 acres, suitable for redevelopment.
      2221 North Milt Phillips Avenue, Seminole, OK, 74868
      View Details
    • $56,000

      Seminole, OK Wooded Land

      11.7 acres of wooded land perfect for recreation.
      36200 EW 1190 Road, Seminole, OK 74868
      View Details
    • $219,000
      2,050 SF

      Versatile Commercial Building on Strother Avenue

      Adaptable commercial building on high-traffic road, suitable for various businesses.
      419 W Strother Avenue, Seminole, OK 74868
      View Details

    FAQs

    What type of property is this?
    Land - Residential land for sale in Seminole's picturesque Lakewood Estate.
    Where is this land located?
    The property is located at 23 Lakewood Drive Seminole, OK.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Build your dream home in the picturesque and friendly Lakewood Estate community.; Minimum home size of 1550 sq ft allows for spacious living.; Enjoy a beautiful common area with a pond for picnics and fishing.
    (405) 382-7653
    We can help!
    Listing Contact
    Pam Robinson
    Real Estate License ID: 119875
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!