Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    S 590 Road Jay, OK 74346

    View on Map
    Claim this Listing
    For Sale
    $400,000

    LAND - Jay, OK

    Lot size:
    40.00 Acres
    Added:
    May 28, 2025
    Days on Market:
    338
    Last Refresh:
    Apr 30 at 4:06 am

    Property Features for S 590 Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agriculture
    Rooms
    Basement
    Fencing
    Barbed Wire
    Standard status
    Active
    APN
    210000-481
    Lot size
    40.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    26-23-23 SW SW 829-217 1650-405
    Tax Annual Amount
    60

    Utilities

    Water front features
    Creek
    Water front
    1

    We can help!

    Listing Contact
    Lana L East

    Listing agent Lana L East License #135380

    Listing office USA Property Realty Group LLC 211 W 21 St, Grove, OK

    Listing date May 28, 2025

    MLS# 25-2174 Listing URL

    Copyright © 2026 Northeast Oklahoma Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    40 Acres Near Adventure Park

    This 40-acre property is located one mile from the American Outdoor Adventure Park in Jay, Oklahoma. The land features views from a bluff along the valley. A pond that has not run dry and a wet weather creek are located on the property. The land includes marketable gravel from the bluff and creek, as well as black walnut and hickory timber. The property offers locations for a home with privacy, trees, and valley views. The fenced acreage is suitable for families and wildlife.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Candy Cane Cove Swimming Lake

    Suggested Use

    Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jay
    County
    Delaware
    State
    Oklahoma
    Longitude
    -94.832764
    Latitude
    36.534421

    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
    • $450,000
      3,425 SF

      Tenant-Occupied Multi-Unit Investment Property

      Corner lot investment property with immediate cash flow in Jay.
      402 4th St, 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
    • $130,000

      10 Acres on Whitewater Creek

      Pristine 10-acre land parcel with creek, ideal for recreation.
      County Road 628, Jay, OK 74346
      View Details
    • $78,000

      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?
    Agricultural land / Farmland - 40 acres with views, pond, marketable gravel and timber.
    Where is this agricultural land / farmland located?
    The property is located at S 590 Road Jay, OK.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 40 acres of land with **stellar valley views**.; Located just one mile from the new American Outdoor Adventure Park.; Includes a pond and a wet weather creek.
    (918) 964-6460
    We can help!
    Listing Contact
    Lana L East
    Real Estate License ID: 135380
    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!