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

    8688 E 156th Street N Collinsville, OK 74021

    View on Map
    Pending
    $139,000

    LAND - Collinsville, OK

    Lot size:
    2.67 Acres
    Added:
    Oct 10, 2025
    Days on Market:
    176
    Last Refresh:
    Apr 3 at 10:06 pm

    Property Features for 8688 E 156th Street N

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RES/AG
    Standard status
    Pending
    APN
    92324-23-24-64260
    Lot size
    2.67 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    BEG 1830E NWC NW TH E187 S672.58 W187 N672.58 POB LESS N50 & LESS S12.58 E25 THEREOF FOR RD SEC 24 22 13 2.665ACS
    Tax Annual Amount
    227

    We can help!

    Listing Contact
    Terry Hassell
    Terry Hassell

    Listing agent Terry Hassell License #173791

    Listing office M & T Realty Group 3701-A S Harvard Ave, #320, Tulsa, OK

    Listing date Oct 10, 2025

    MLS# 2543054

    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.

    Overview

    Land in Collinsville, Oklahoma

    This 2.665-acre lot is located in Collinsville, Oklahoma. Zoned as RES/AG, the land is suitable for residential and agricultural use. According to the listing, the location is ideal for a barndominium, and animals are allowed.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Big Box & Wholesale Store Food Market Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.876517
    Latitude
    36.379239

    Nearby Similar for Sale

    • $400,000
      1,563 SF

      Collinsville Commercial Property For Sale

      Two buildings with chapel and parking on Main Street.
      1501 W Main Street, Collinsville, OK 74021
      View Details
    • $668,900

      Prime Commercial Lot, Collinsville OK

      Highly visible commercial lot suitable for retail, office, or restaurant.
      Broadway Street, Collinsville, OK 74021
      View Details
    • $1,700,000

      Prime Highway Frontage Land

      High-visibility commercial land with endless potential in Collinsville, Oklahoma.
      13802 E 122nd Street N, Collinsville, OK 74021
      View Details
    • $1,700,000

      Highway Frontage Commercial Land

      Prime highway frontage offers high visibility and commercial potential.
      13812 E 122nd Street N, Collinsville, OK 74021
      View Details
    • $318,620

      Prime Commercial Land on Highway

      Cleared, CG-zoned land ready for development near Highway 20.
      2301 W Broadway Street, Collinsville, OK 74021
      View Details
    • $1,662,240

      Land in Growing Collinsville Area

      3.18 acres of land suitable for various commercial developments.
      13316 E 122nd Street N, Collinsville, OK 74021
      View Details
    • $699,000

      Collinsville Commercial Property on Highway

      Commercial potential with highway frontage near Owasso. Annexation in progress.
      11822 E 116th Street North N, Collinsville, OK 74021
      View Details
    • $1,677,924

      Collinsville Land For Sale

      3.21 acres of commercial land in Collinsville, Oklahoma.
      13420 E 122nd Street N, Collinsville, OK 74021
      View Details
    • $1,677,924

      Collinsville Land For Sale

      3.21 acres of commercial land in Collinsville, Oklahoma.
      13510 E 122nd Street N, Collinsville, OK 74021
      View Details
    • $305,000

      Highway Frontage Commercial Lot

      High-visibility commercial lot on HWY 20 in Collinsville, OK.
      19505 E 116th Street North, Collinsville, OK 74021
      View Details
    • $162,500

      Residential Land in Collinsville, OK

      1.45 acres for dream home with utilities in place.
      16825 E 116th Street N, Collinsville, OK 74021
      View Details
    • $190,000

      Collinsville Land For Sale

      7.58 acre commercial land with high visibility.
      N 137th East Avenue, Collinsville, OK 74021
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.665 acre lot suitable for barndominium and animals.
    Where is this residential land & home lot located?
    The property is located at 8688 E 156th Street N Collinsville, OK.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: Animals allowed; Suitable for barndominium; Desirable location
    (918) 884-7653
    We can help!
    Listing Contact
    Terry Hassell
    Terry Hassell
    Real Estate License ID: 173791
    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!