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    597 S Hwy 169 St Delaware, OK 74027

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    Sponsored
    For Sale
    $299,000

    COMMERCIAL - Delaware, OK

    Property size:
    3,200 SF
    Lot size:
    6.27 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 28 at 3:06 am

    Property Features for 597 S Hwy 169 St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    REC
    Interior features
    Public Restrooms
    Exterior features
    Lighting, Storage
    Fencing
    Chain Link
    Size
    3,200 SF
    Lot size
    6.27 Acres

    Utilities

    Sewer type
    Septic Tank
    Cooling system
    Humidity Control

    Building Details

    Year built
    2015
    Flooring type
    Concrete
    Building materials
    Concrete
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Selah Ruffman

    Chinowth & Cohen Realtors

    Listing agent Selah Ruffman

    Listing date Mar 26, 2026

    MLS# 2543775

    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

    Overview

    Turnkey Grow Facility on 6 Acres

    Located just south of Delaware, OK, in Nowata County, this turnkey grow facility sits on approximately 6 acres with Hwy 169 frontage. The property includes a 40x80 insulated steel building featuring 17-foot ceilings and 3-phase GE power with a Spectra switchboard (300 KVa). Inside, there is a 590 sq ft veg room and two 800 sq ft flower rooms, each equipped with two 7.5-ton Trane rooftop units (15 tons total per room) and three Quest 220 dehumidifiers. The drying room contains three additional Quests and a Larkin walk-in cooler. MedicGrow Spectrum Y wireless LEDs with UV/IR and Trolmaster Pro environmental controls are in place. Air curtains, sticky mats, and sanitizer mats are located at all entries. A walk-in safe also serves as a storm shelter. The property also features a break room with a fridge, microwave, extra fridge, and two deep freezers. A Glenn Security system with fire and smoke alarms is installed. Water is supplied by a non-potable well and a rainwater collection system with two 11,000-gal outdoor tanks and two 1,020-gal indoor tanks, UV and sediment filtered with a pump system to the grow rooms. Additional amenities include a bathroom with shower and laundry, and a 30-amp RV pad with septic. The entire property is secured with an 8-ft chain-link fence and barbed wire, plus a solar-powered gated entry. The property size is 3,200 square feet.
    Location Intelligence

    Current Use by Public Records

    Cannabis Properties

    Map

    City
    Delaware
    County
    Nowata
    State
    Oklahoma
    Longitude
    -95.604
    Latitude
    36.7964

    FAQs

    What type of property is this?
    Cannabis property - Turnkey grow facility on 6 acres in Nowata County.
    Where is this cannabis property located?
    The property is located at 597 S Hwy 169 St Delaware, OK.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Turnkey grow facility with existing COO and license transfer opportunity.; - **40x80 insulated steel building** with 17' ceilings, 3-phase GE power, and Spectra switchboard (300 KVa).; - Two 800 sq ft flower rooms, each with 15 tons of Trane rooftop AC and three Quest 220 dehumidifiers.
    (310) 924-4055
    Request Owner's contact information
    597 S Hwy 169 St Delaware, OK 74027
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    Delaware, OK 74027
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    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
    597 S Hwy 169 St Delaware, OK 74027
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    We can help!
    Listing Contact
    Selah Ruffman
    Real Estate License ID: 209829
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