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

    35880 540 Trail S Jay, OK 74346

    View on Map
    Claim this Listing
    For Sale
    $165,000

    LAND - Jay, OK

    Lot size:
    1.54 Acres
    Added:
    Oct 13, 2025
    Days on Market:
    185
    Last Refresh:
    Apr 15 at 2:06 am

    Property Features for 35880 540 Trail S

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RES
    Standard status
    Active
    Lot size
    1.54 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    the east 100 feet of the W 1/2 of the NE 1/4 of the SW 1/4 of Section 01, Township 23
    Tax Annual Amount
    221

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Chuck Sullivan

    Listing agent Chuck Sullivan License #184111

    Listing office Keller Williams Preferred 4745 E 91st Ste 100, Tulsa, OK

    Listing date Oct 13, 2025

    MLS# 2543146

    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.

    Overview

    Grand Lake Wooded Waterfront Lot

    This is a 1.541-acre wooded lot on Grand Lake, offering lake views and 100 feet of waterfront. The property has sufficient water depth to accommodate a dock. Located across the cove from High Lift Marina, the lot features a moderate to steep slope leading to a pebble beach. Access is provided by a private road. The zoning is RES.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Jay
    County
    Delaware
    State
    Oklahoma
    Longitude
    -94.7494
    Latitude
    36.4327

    Nearby Similar for Sale

    • $435,000
      6,000 SF

      Established Tire Shop on Highway

      Well-established tire shop with expansion potential on 16.77 acres.
      22920 Hwy 20, Jay, OK 74346
      View Details
    • $499,900

      95 Acres Wooded Land in Jay

      Private, wooded 95-acre land bordering Pine Island.
      E 330 Road, Jay, OK 74346
      View Details
    • $450,000

      86 Acres of Recreational Land

      86-acre property with timber and recreational potential in Jay, OK.
      66405 E 375 Road, 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 Street, Jay, OK 74346
      View Details
    • $1,091,000

      Highway Frontage Ranch Land

      185-acre ranch land with highway frontage near Jay, Oklahoma.
      US Hwy 59, Jay, OK 74346
      View Details
    • $1,062,500

      Oklahoma Land with Water Features

      250-acre Oklahoma land tract with water, pasture, and woods.
      45507 S 660 Rd, Jay, OK 74346
      View Details
    • $180,000

      10 Acres on Whitewater Creek

      Pristine 10-acre land parcel with creek, ideal for recreation.
      County Road 628, Jay, OK 74346
      View Details
    • $90,000

      Wooded Land Near Grand Lake

      10+/- acres of buildable land near Grand Lake.
      E 340 Road, Jay, OK 74346
      View Details
    • $400,000

      Versatile 40-Acre Land Opportunity

      Cleared, fenced land with pond, outbuildings, and functional residence.
      17333 E 390 Road, Jay, OK 74346
      View Details
    • $199,000

      Highway Frontage Land Near Southwest

      9.52 acres with utilities, views, and highway frontage.
      36005 HWY 20 lot: 0, Jay, OK 74346
      View Details
    • $250,000

      33 Acres Versatile Land, Jay OK

      33 acres with cleared area, utilities, and wooded acreage.
      66405 E 375 Road, Jay, OK 74346
      View Details
    • $280,000

      Grand Lake Waterfront Building Lot

      Waterfront lot near Shangri-La, ideal for dream lake home.
      53490 E 332 Loop, Jay, OK 74346
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Wooded 1.541-acre lot with 100' waterfront on Grand Lake.
    Where is this waterfront land located?
    The property is located at 35880 540 Trail S Jay, OK.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Wooded lot with lake views on Grand Lake; 100' of waterfront; Sufficient water depth for dock construction
    (918) 496-2252
    We can help!
    Listing Contact
    Chuck Sullivan
    Real Estate License ID: 184111
    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!