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

    Memorial Road Lone Grove, OK 73443

    View on Map
    For Sale
    $340,000

    LAND - Lone Grove, OK

    Lot size:
    40.00 Acres
    Added:
    Nov 22, 2025
    Days on Market:
    132
    Last Refresh:
    Apr 3 at 11:06 am

    Property Features for Memorial Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    Lot size
    40.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    40 acres(mol) TBD by Survey
    Tax Annual Amount
    500

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Jeremiah McMahan
    Jeremiah McMahan

    Listing agent Jeremiah McMahan License #180385

    Listing office Ardmore Realty, Inc 208 S Commerce St, Ardmore, OK

    Listing date Nov 22, 2025

    MLS# 2548174

    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

    40 Acres in Lone Grove

    This 40 acre tract is being split from a larger parcel. The property is priced at $8,500 per acre. It features strong barbed-wire fencing on three sides, with the east boundary to be fenced by Seller, according to the final acreage purchased. The land offers a blend of open pasture and mature timber, with a majority of the trees being pecan. A 230-ft deep solar-powered well provides water for livestock. Situated in the Lone Grove School District, this property is ideal for ranching, recreation, or building your future homestead.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Lone Grove
    County
    Carter
    State
    Oklahoma
    Longitude
    -97.261386
    Latitude
    34.189828

    Nearby Similar for Sale

    • $500,000

      Highway Frontage Commercial Land

      7+ acre commercial land with highway frontage in Lone Grove.
      17266 Us Highway 70, Lone grove, OK 73443
      View Details
    • $500,000

      Prime Commercial Land Opportunity

      7+ acre commercial land with highway frontage in Lone Grove.
      17266 Us Highway 70, Lone grove, OK 73443
      View Details
    • $490,000

      30 Acres on Highway 70

      30 acres suitable for commercial use or custom home.
      18774 Us Highway 70, Lone Grove, OK 73443
      View Details
    • $490,000

      30 Acres on Highway 70

      30 acres with highway frontage, suitable for commercial or residential.
      Us Highway 70, Lone Grove, OK 73443
      View Details
    • $100,000

      Commercial Land in Lone Grove

      0.6 acre commercial lot in the heart of Lone Grove.
      US Hwy 70 Street, Lone Grove, OK 73463
      View Details
    • $225,000

      Lone Grove Acreage with Shop

      13.7 acres in Lone Grove School District with shop.
      1750 Rolling Hills Road, Lone Grove, OK 73443
      View Details
    • $360,000

      Rolling 60 Acres in Lone Grove

      Beautiful land with pond, pens, and abundant wildlife.
      Prairie Valley Road, Lone Grove, OK 73443
      View Details
    • $80,000

      Commercial Lot in Lone Grove

      0.6 acre commercial lot in the heart of Lone Grove.
      Main Street, Lone Grove, OK 73463
      View Details
    • $125,000

      Unrestricted Land in Lone Grove

      12.21 acres outside city limits with electric and well.
      191 Enterprise, Lone Grove, OK 73443
      View Details
    • $325,000

      Land in Lone Grove, OK

      Lush, tree-filled 12.51 acre property with development potential.
      Evergreen Street, Lone Grove, OK 73443
      View Details
    • $80,000

      Land in Lone Grove, OK

      Residential land available in Lone Grove, Oklahoma.
      Honeysuckle Street, Lone Grove, OK 73443
      View Details
    • $18,000

      Lone Grove Building Lot

      Corner lot in Lone Grove, OK with water meter available.
      Kelly, Lone Grove, OK 73443
      View Details

    FAQs

    What type of property is this?
    Ranch - 40 acres in Lone Grove School District.
    Where is this ranch located?
    The property is located at Memorial Road Lone Grove, OK.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: 40 Acre (MOL) Tract with **Pasture and Mature Pecan Timber Blend**; Strong Barbed‑Wire Fencing on Three Sides, East Boundary to be Fenced by Seller; **230‑ft Deep Solar‑Powered Well Provides Reliable Water**
    (580) 226-4200
    We can help!
    Listing Contact
    Jeremiah McMahan
    Jeremiah McMahan
    Real Estate License ID: 180385
    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!