Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    605 SW 4 Street Tuttle, OK 73089

    View on Map
    Claim this Listing
    For Sale
    $58,000

    LAND - Tuttle, OK

    Lot size:
    0.70 Acres
    Added:
    Nov 8, 2024
    Days on Market:
    546
    Last Refresh:
    May 8 at 10:06 am

    Property Features for 605 SW 4 Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    605SW473089
    Lot size
    0.70 Acres

    We can help!

    Listing Contact
    Mike Malone
    Mike Malone

    Listing agent Mike Malone License #40139

    Listing office Realty Experts, Inc 504 Tower DR STE D, Moore, OK

    Listing date Nov 8, 2024

    MLS# 1143041 Listing URL

    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.

    HighLights

    • Large .7 acre lot offers ample space.
    • Suitable for building either two duplexes or a single home.
    • Good location (coordinates provided).
    • Opportunity for development based on city of Tuttle regulations.
    • Potential for investment property (duplexes).
    • Blank canvas for new construction.

    Overview

    Residential Land in Tuttle, OK

    This 0.7-acre residential land is located in Tuttle, Oklahoma. Zoned for residential use, the site may be suitable for the construction of two duplexes or a single home. Interested parties should consult with the city of Tuttle regarding intended uses, as there is no sewer connection currently on the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Skin Care Clinic Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tuttle
    County
    Grady
    State
    Oklahoma
    Longitude
    -97.817335
    Latitude
    35.284808

    Nearby Similar for Sale

    • $900,000
      1,176 SF

      Highway Frontage Commercial Land Opportunity

      Prime commercial land with highway frontage in rapidly developing area.
      5312 E Highway 37, Tuttle, OK 73089
      View Details
    • $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
    • $75,000

      Tuttle OK Building Lot

      2+/- acre building lot in Tuttle school district.
      1697 CR 1230, Tuttle, OK 73089
      View Details
    • $149,000

      Land in Established Tuttle Neighborhood

      4.66 acres in Prairie Manor, Bridge Creek Schools district.
      2110 E Sooner Road, Tuttle, OK 73089
      View Details
    • $525,000

      Tuttle, OK Ranch Land

      9 acre ranch land with road frontage in Tuttle, OK.
      17 S Cemetery 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
    • $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
    • $154,900

      Land in Prairie Farms, Tuttle

      Exclusive land development in Tuttle, OK with flexible building options.
      972 Old Farm Road, Tuttle, OK 73089
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.7 acre residential land suitable for duplexes or a home.
    Where is this residential land & home lot located?
    The property is located at 605 SW 4 Street Tuttle, OK.
    What is the asking price?
    The asking price for this property is $58,000.
    What are key features of this property?
    This property features: Large .7 acre lot offers ample space.; Suitable for building either two duplexes or a single home.; Good location (coordinates provided).
    (405) 210-0573
    We can help!
    Listing Contact
    Mike Malone
    Mike Malone
    Real Estate License ID: 40139
    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

    Thank You for Inquiry
    605 SW 4 Street, Tuttle, OK 73089
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!