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

    406 W 7Th St Dewey, OK 74029

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    LAND - Dewey, OK

    Lot size:
    0.18 Acres
    Days on Market:
    281
    Last Refresh:
    Mar 17 at 8:06 am

    Property Features for 406 W 7Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    UR
    APN
    05046500000400000001
    Lot size
    0.18 Acres

    We can help!

    Listing Contact
    Linda Robertson
    Linda Robertson

    Shelley Koster Real Estate Inc., dba Keller Williams Realty Bartlesville (918) 766-0001

    Listing agent Linda Robertson (918) 440-8535

    Listing date Jun 10, 2025

    MLS# 2524831

    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

    Residential Land in Dewey, OK

    This residential land is located in a newly developed neighborhood near downtown Dewey and local schools. The lot size is 0.177 acres. It is suitable for building a new home with a minimum size of 1200 square feet. Construction requires a minimum of 75% brick or stone front exterior. There is no Home Owners Association.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dewey
    County
    Washington
    State
    Oklahoma
    Longitude
    -95.945105
    Latitude
    36.797888

    Nearby Similar for Sale

    • $210,000
      3,000 SF

      Versatile Building on Highway 75

      3,000+/- SF building with excellent visibility and easy access.
      202 N Osage Ave, Dewey, OK 74029
      View Details
    • $100,000
      5,846 SF

      Dewey, OK Commercial Property

      Commercial building with retail, shop space, and upstairs apartment.
      423 E 9Th St, Dewey, OK 74029
      View Details
    • $200,000
      2,500 SF

      New Warehouse on 1.25 Acres

      2,500 sqft warehouse on 1.25 acres near Hwy 75.
      13847 N 3977 Rd, Dewey, OK 74029
      View Details
    • $115,000
      1,595 SF

      Retail Space in Downtown Dewey

      Retail property with an adaptable floor plan in Dewey, Oklahoma.
      520 E Don Tyler Ave, Dewey, OK 74029
      View Details
    • $1,200,000
      17,000 SF

      Turnkey Grow Facility on 5.86 Acres

      5.86-acre property with 17,000 sq ft of grow facilities.
      401091 W 1200 Rd, Dewey, OK 74029
      View Details
    • $254,150
      Pending

      Dewey, OK Quadplex Investment

      Two-story quadplex with updates on a 2-acre lot.
      940 N Ross Ave, Dewey, OK 74029
      View Details
    • $100,000

      21,497 Sqft Retail Property

      Retail property available for auction with 21,497 sqft.
      423 E 9Th St, Dewey, OK 74029
      View Details
    • $850,000
      7,184 SF

      Dewey, OK Retail Redevelopment

      High-traffic corner lot, 7,184 sq ft building.
      506 Don Tyler Ave, Dewey, OK 74029
      View Details
    • $425,000
      3,500 SF

      Dewey Industrial Property: Two Buildings

      Prime Dewey location, warehouse & office.
      509 7Th St, Dewey, OK 74029
      View Details
    • $370,000
      1.63 Acres

      Dewey Hwy 75 Commercial Property

      High-growth area, 1.63 acres, 3 leased buildings.
      2230 Osage Ave, Dewey, OK 74029
      View Details
    • Contact for pricing
      33,750 SF

      Renovated Industrial Buildings with Yard

      Two industrial buildings totaling 33,750 SF with large yard.
      1309 N Front St, Dewey, OK
      View Details
    • $59,900
      1,262 SF

      Dewey Retail Space - Corner Lot

      High-traffic corner lot retail space, ample parking.
      822 Shawnee Ave, Dewey, OK 74029
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land for sale in a quiet, newly developed neighborhood.
    Where is this residential land & home lot located?
    The property is located at 406 W 7Th St Dewey, OK.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: - Close proximity to downtown Dewey and schools.; - Located in a quiet, newly developed neighborhood.; - No Homeowners Association (HOA).
    (918) 440-8535
    Request Owner's contact information
    406 W 7Th St Dewey, OK 74029
    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.
    406 W 7Th St
    Dewey, OK 74029
    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
    406 W 7Th St Dewey, OK 74029
    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
    Linda Robertson
    Linda Robertson
    Real Estate License ID: 161438
    (918) 440-8535 (918) 766-0001
    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!