Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    340 E 340 Rd Jay, OK 74346

    Sponsored
    For Sale
    $90,000

    Over 5 Acres - Jay, OK

    Lot size:
    10.00 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 18 at 4:06 am

    Property Features for 340 E 340 Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RA
    Lot size
    10.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mike Epperson

    Lakland Properties Real Estate LLC. (918) 434-2700 [email protected]

    Listing agent Mike Epperson (918) 434-5095 License #183362

    Listing date Jan 15, 2026

    MLS# 2601424 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

    Wooded Land Near Grand Lake

    This is a 10-acre parcel of wooded rural land that is suitable for building. It is located less than one mile from Grand Lake. The property is located in the Grove School District. Water and electric utilities are available at the road. The land is located east of Tulsa and 25 miles from Arkansas. The property is suited for a private lake retreat, a custom dream home, a hunting getaway, or a peaceful homestead.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Jay
    County
    Delaware
    State
    Oklahoma
    Longitude
    -94.647599
    Latitude
    36.525234

    Nearby Similar for Sale

    • $599,000
      113.67 Acres

      113-Acre Cattle Ranching Property

      Cattle grading property equipped for ranching and livestock operations.
      64492 E 350 Rd, Jay, OK 74346
      View Details
    • $174,900
      3,200 SF

      Versatile Commercial Building with Shop

      Mixed-use property featuring a large metal building with flexible space.
      61943 E 360 Rd, Jay, OK 74346
      View Details
    • New
      $482,000
      6,000 SF

      Established Auto Service Garage on Acreage

      Well-established tire shop on 16.77 acres with highway frontage.
      22920 State Highway 20, Jay, OK 74346
      View Details
    • $1,091,000
      185.00 Acres

      185 Acres Farm Ready Land

      185+/- acre farm with livestock, fencing, water features.
      1 Us Highway 59, Jay, OK 74346
      View Details
    • $60,000
      2,370 SF

      Commercial Building in Jay, OK

      Commercial property with redevelopment potential in Jay, Oklahoma.
      2222 S Main St, Jay, OK 74346
      View Details
    • $450,000
      3,425 SF

      Tenant-Occupied Multi-Unit Investment Property

      Four tenant-occupied units on a corner lot in Jay, OK.
      402 4Th St, Jay, OK 74346
      View Details
    • $465,000

      Secluded Farm with Organic Poultry

      41-acre farm with poultry house, metal home, and greenhouses.
      20218 E 430 Rd, Jay, OK 74346
      View Details
    • $600,000

      40 Acres with Poultry Houses

      40 acre property with home and non-operational poultry houses.
      68400 E 330 Rd, Jay, OK 74346
      View Details
    • $957,400
      7,200 SF

      Office Building in Jay, Oklahoma

      7,200 SF office building for sale in Jay.
      1431 N Main St, Jay, OK 74346
      View Details
    • New
      $482,000
      6,000 SF

      Established Tire Shop on Highway

      Well-established tire shop on 16.77 acres with highway frontage.
      22920 Highway 20, Jay, OK 74346
      View Details
    • Contact for pricing
      8,750 SF

      Jay, OK Warehouse & Land Auction

      Spacious Warehouse, 13 Acres, Hwy 20 Frontage
      19977 State Highway 20, Jay, OK 74346
      View Details

    FAQs

    What type of property is this?
    Land - 10 acres of buildable, wooded land near Grand Lake.
    Where is this land located?
    The property is located at 340 E 340 Rd Jay, OK.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: - 10± acres of buildable, wooded land near Grand Lake.; - Water and electric available at the road for easy development.; - Located in the desirable Grove School District.
    (918) 434-5095
    Request Owner's contact information
    340 E 340 Rd Jay, OK 74346
    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.
    340 E 340 Rd
    Jay, OK 74346
    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
    340 E 340 Rd Jay, OK 74346
    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
    Mike Epperson
    Real Estate License ID: 183362
    (918) 434-5095
    Learn more
    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.