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

    5312 E Highway 37 Tuttle, OK 73089

    View on Map
    Claim this Listing
    New
    For Sale
    $900,000

    LAND - Tuttle, OK

    Property size:
    1,176 SF
    Lot size:
    1.78 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 11 at 5:06 am

    Property Features for 5312 E Highway 37

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    5312EHighway3773089
    Size
    1,176 SF
    Lot size
    1.78 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Jennifer J Bullard

    Listing agent Jennifer J Bullard License #119283

    Listing office Whittington Realty 26 SW 104th, Oklahoma City, OK

    Listing date Apr 10, 2026

    MLS# 1223359

    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

    Highway Frontage Commercial Land Opportunity

    This commercial property, located on Highway 37 in Tuttle, OK, presents a prime opportunity for development. The property consists of two parcels totaling 1.78 acres. The front parcel, approximately 1 acre, features 200 feet of highway frontage, providing excellent visibility and access. The rear parcel comprises 0.78 acres, with a portion situated in Flood Zone A. The location is within a rapidly developing corridor experiencing major growth. Nearby establishments include a McDonald's, and upcoming developments include a planned casino and gas station at the intersection of Highway 37 and Highway 4, along with a future Braum's anticipated in 2026. The property, zoned for commercial use, is positioned in a high-traffic area, offering outstanding potential for various commercial applications. The property is being sold AS-IS, and the seller reserves all oil, gas, and mineral rights. The property size is 1176 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Auto Parts Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Tuttle
    County
    Grady
    State
    Oklahoma
    Longitude
    -97.717427
    Latitude
    35.290585

    Nearby Similar for Sale

    • $850,000
      4,000 SF

      Highway Frontage Commercial Property

      Commercial property with highway frontage, suitable for restaurants or businesses.
      4705 E 37 Highway, Tuttle, OK 73089
      View Details
    • $375,000

      Equestrian Land with Barn, Tuttle

      10.02 acres equipped for horses near HWY 34 & HWY 7.
      518 S Mustang Road, Tuttle, OK 73089
      View Details
    • $75,000

      Tuttle OK Building Lot

      2+/- acre building lot in Tuttle school district.
      1697 CR 1230, Tuttle, OK 73089
      View Details
    • $690,000

      Tuttle, OK Ranch Land

      9-acre ranch land with road frontage in Tuttle, OK.
      17 S Cemetery Road, Tuttle, OK 73089
      View Details
    • $156,450

      Tuttle Land: Build Your Dream

      4.47 acres in Tuttle, OK, ready for custom home.
      N Czech Hall Road, Tuttle, OK 73089
      View Details
    • $1,200,000

      Oklahoma Land with Stocked Lake

      50-acre Tuttle homestead with lake, barns, and development potential.
      215 N Cemetery Road, Tuttle, OK 73089
      View Details
    • $198,900

      Tuttle, OK - 12.78 Acres

      12.78 acres in Tuttle, OK for residential or agricultural use.
      2141 County Road 1247, Tuttle, OK 73089
      View Details
    • $360,000

      Tuttle, OK - 15 Acres

      15-acre property ideal for building a dream home.
      County Street 2928, Tuttle, OK 73089
      View Details
    • $79,900

      Two Acre Corner Lot

      Two acre corner lot with trees and open building space.
      CS 2953, Tuttle, OK 73089
      View Details
    • $78,500

      Land For Sale in Tuttle

      2.64 wooded acres, perfect for building or farming.
      Parcel has no street name, Tuttle, OK 73089
      View Details
    • $75,000

      Commercial Lot in Tuttle, OK

      7,000 sq ft commercial lot in the heart of Tuttle.
      402 W Main Street Highway, Tuttle, OK 73089
      View Details
    • $139,900

      Land in Prairie Farms

      5-acre homesite in Tuttle, OK, with stocked fishing ponds.
      1628 Big Sky Drive, Tuttle, OK 73089
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land with highway frontage in rapidly developing area.
    Where is this commercial land located?
    The property is located at 5312 E Highway 37 Tuttle, OK.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Prime commercial location with **200 feet of frontage on Highway 37**, offering excellent visibility and access.; Located in a rapidly developing corridor with major growth, including a planned casino and gas station, and a future Braum's (anticipated 2026).; Total of 1.78 acres across two parcels.
    (405) 408-2613
    We can help!
    Listing Contact
    Jennifer J Bullard
    Real Estate License ID: 119283
    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!