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

    724 E 1St St Chandler, OK 74834

    View on Map
    Sponsored
    For Sale
    $250,000

    LAND - Chandler, OK

    Property size:
    4,780 SF
    Lot size:
    0.90 Acres
    Days on Market:
    20
    Last Refresh:
    Mar 10 at 12:06 pm

    Property Features for 724 E 1St St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    724E1st74834
    Size
    4,780 SF
    Lot size
    0.90 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Carl Martin
    Carl Martin

    Premier Realty LLC (405) 258-1324

    Listing agent Carl Martin (405) 258-6096

    Listing date Feb 18, 2026

    MLS# 1170507

    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.

    Learn more

    Property Insight Report

    Overview

    Commercial Lot on Hwy 66

    This commercial lot is located in Chandler, Oklahoma, and offers frontage on Highway 66 along 1st Street. The property, approximately 108' x 215', is situated next to The Lincoln County Motel. The site contains an existing 4,780 square foot home and shop that could be repaired. The property is zoned for commercial use and has a lot size of 0.9017 acres, offering various possibilities for development as Chandler expands.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Lincoln
    State
    Oklahoma
    Longitude
    -96.872846
    Latitude
    35.710053

    Nearby Similar for Sale

    • New
      $190,000
      2,400 SF

      Versatile Shop with Multiple Uses

      2400 SF shop ideal for business, storage, or workshop.
      1400 S Steele Ave, Chandler, OK 74834
      View Details
    • $250,000
      2,540 SF

      Commercial Building in Corner Location

      Commercial building for sale or lease with convenient access.
      111 W 1St St, Chandler, OK 74834
      View Details
    • $155,000
      1,472 SF

      Route 66 Commercial Property

      Commercial building on Route 66 with parking.
      1100 Manvel Ave, Chandler, OK 74834
      View Details
    • $84,700
      660 SF

      Retail Property in Chandler, OK

      Retail space available for sale in Chandler, Oklahoma.
      1301 Manvel Ave, Chandler, OK 74834
      View Details
    • $79,900
      0.21 Acres

      Chandler Hwy 18 Investment Opportunity

      High-traffic location, build your business!
      204 Manvel Ave, Chandler, OK 74834
      View Details
    • $227,000
      5,182 SF

      Chandler Business Opportunity: Prime Location

      Versatile 5,182 sq ft building on 0.1 acres.
      107 13Th St, Chandler, OK 74834
      View Details
    • $750,000
      22.50 Acres

      Chandler Commercial Land - Highway 18

      Prime 22.5-acre development opportunity.
      Hwy 18 Hwy, Chandler, OK 74834
      View Details
    • $750,000
      22.50 Acres

      Chandler Commercial Land - Highway 18

      Prime 22.5-acre development opportunity.
      Hwy 18 Hwy, Chandler, OK 74834
      View Details
    • $2,900,000
      146.08 Acres

      Chandler Commercial Land - Hwy 66

      Prime 146-Acre Development Site
      3071 1St St, Chandler, OK 74834
      View Details
    • $2,200,000
      68.00 Acres

      Prime Hwy 66 Chandler Development

      68 Acres, High-Traffic Commercial Land
      66 Hwy, Chandler, OK 74834
      View Details
    • $899,000
      9,014 SF

      Chandler Commercial Property - Huge Potential

      1.9-acre lot, 9,014 sq ft, 11 bays, I-44 access
      214 Hwy 18 Hwy, Chandler, OK 74834
      View Details
    • $850,000
      0.16 Acres

      Historic Route 66 Chandler Building

      Prime Route 66 location, huge potential.
      910 Manvel Ave, Chandler, OK 74834
      View Details

    FAQs

    What type of property is this?
    Commercial land - Large commercial lot with highway frontage and development potential.
    Where is this commercial land located?
    The property is located at 724 E 1St St Chandler, OK.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Prime Hwy 66 Frontage on 1st Street; - Large Commercial Lot (approximately 108' X 215'); - Great Location in Expanding Chandler
    (405) 258-6096
    Request Owner's contact information
    724 E 1St St Chandler, OK 74834
    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.
    724 E 1St St
    Chandler, OK 74834
    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
    724 E 1St St Chandler, OK 74834
    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
    Carl Martin
    Carl Martin
    Real Estate License ID: 72633
    (405) 258-6096 (405) 258-1324 (903) 205-1616
    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!