Sign Up Successful!
You now have access to more from Realmo!
    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

    9223 Joan Dr Midwest City, OK 73130

    Sponsored
    For Sale
    $69,900

    LAND - Midwest City, OK

    Lot size:
    0.14 Acres
    Days on Market:
    89
    Last Refresh:
    Jan 31 at 10:06 pm

    Property Features for 9223 Joan Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    9223NONEJoan73130
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Shane Willard

    Centurion, Inc (405) 359-7400

    Listing agent Shane Willard (405) 640-1317

    Listing date Nov 4, 2025

    MLS# 1199906

    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

    Residential Land in Midwest City

    This south-facing residential lot is located at the end of a quiet dead-end street, offering additional privacy. Situated in a gated neighborhood in Midwest City, Oklahoma, it falls within the Carl Albert school district. The 0.1427-acre lot is conveniently located minutes from Tinker AFB, John Conrad Regional Golf Course, and Rose State College, presenting an opportunity to build a home in a desirable community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Midwest City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.366329
    Latitude
    35.465267

    Nearby Similar for Sale

    • $1,250,000
      6,296 SF

      Premium Duplex Office Space

      Exceptional commercial duplex office space ideal for growing businesses.
      616 S Post Rd, Midwest City, OK 73130
      View Details
    • $2,200,000
      10,200 SF

      Versatile Commercial Building on Reno Avenue

      10,200 SF commercial building suited for medical, wellness, or office.
      9309 E Reno Ave, Midwest City, OK 73130
      View Details
    • $475,000
      3,560 SF

      Midwest City Office Building For Sale

      Commercial building with multiple offices, conference rooms, and ample parking.
      6904 E Reno Ave, Midwest City, OK 73110
      View Details
    • $425,000
      1,995 SF

      Midwest City Commercial Building For Sale

      Commercial building with existing liquor use on high-traffic area.
      400 S Air Depot Blvd, Midwest City, OK 73110
      View Details
    • $2,111,597

      Zaxby's NNN Lease Opportunity

      NNN leased Zaxby's with over 11 years remaining.
      2317 S Douglas Blvd, Midwest City, OK 73130
      View Details
    • Contact for pricing

      Value-Add Potential on Oak Grove

      Property with value-add potential, community amenities, and strong location.
      3834 N Oak Grove Dr, Midwest City, OK 73110
      View Details
    • Contact for pricing

      Versatile Commercial Property in Midwest

      Commercial property with functional layout, versatile space, and ample parking.
      2017 S Air Depot Blvd, Midwest City, OK 73110
      View Details
    • $1,975,000
      24,253 SF

      Class A Office Space

      Class A office space featuring multiple exam and procedure rooms.
      600 National Ave, Midwest City, OK 73110
      View Details
    • $2,042,245
      10,100 SF

      Fully Occupied Retail Investment Property

      Retail property with notable tenants, near Tinker Air Force Base.
      2320 South Air Depot Blvd, Midwest City, OK 73110
      View Details
    • $2,042,245
      10,100 SF

      Occupied Retail Center Near Air Force Base

      Fully occupied retail center located near Tinker Air Force Base.
      2320-2340 S Air Depot Blvd, Midwest City, OK 73110
      View Details
    • $1,495,000
      18,238 SF

      Medical Office Building For Sale

      Fully built-out medical office near SSM Health St. Anthony Hospital.
      230 N Midwest Blvd, Midwest City, OK 73110
      View Details
    • $4,875,000
      32,499 SF

      Birthing Center Near Saint Anthony

      Birthing center with 12 suites, surgical and delivery rooms.
      238 N Midwest Blvd, Midwest City, OK 73110
      View Details

    FAQs

    What type of property is this?
    Land - Residential lot in gated community near Tinker AFB and Rose College.
    Where is this land located?
    The property is located at 9223 Joan Dr Midwest City, OK.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: - Prime lot in a desirable, gated Midwest City neighborhood.; - Located in the highly-rated Carl Albert school district.; - South-facing lot at the end of a quiet, dead-end street offering extra privacy.
    (405) 640-1317
    Request Owner's contact information
    9223 Joan Dr Midwest City, OK 73130
    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.
    9223 Joan Dr
    Midwest City, OK 73130
    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
    9223 Joan Dr Midwest City, OK 73130
    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
    Shane Willard
    (405) 640-1317
    Learn more
    Google sign-in failed. Please try again or use another login method.