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

    N Gregory Rd, Unit 4 El Reno, OK 73036

    Sponsored
    For Sale
    $89,000

    LAND - El Reno, OK

    Lot size:
    1.75 Acres
    Days on Market:
    16
    Last Refresh:
    Jan 22 at 4:06 am

    Property Features for N Gregory Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    NGregory473036
    Lot size
    1.75 Acres

    We can help!

    Listing Contact
    Jamie Hanselman

    ERA Courtyard Real Estate (405) 720-7400 [email protected]

    Listing agent Jamie Hanselman (405) 570-5858

    Listing date Jan 7, 2026

    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 El Reno

    This 1.75-acre residential lot, identified as Lot 4, is located in El Reno, Oklahoma. Refer to survey in photos. Zoned for residential use, the property is suitable for building a home. The lot has minimal restrictions and no Homeowners Association.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    El Reno
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.83441
    Latitude
    35.590883

    Nearby Similar for Sale

    • $1,500,000
      3,361 SF

      Historic Land Run RV Park

      Farmhouse with RV park near I-40, rebuilt in 2016.
      3808 S Manning Rd, El Reno, OK 73036
      View Details
    • New
      $340,000
      3,276 SF

      Renovated Duplex: Income Potential

      Renovated duplex with modern interiors and immediate income potential.
      1401 E Woodson St, El Reno, OK 73036
      View Details
    • $495,000
      4,000 SF

      New Construction Flex Space Available

      New construction flex space with multi-tenant options, outside city limits.
      16915 West Hefner Rd, El Reno, OK 73036
      View Details
    • $9,800,000
      40,715 SF

      Reinforced Concrete Chemical Warehouse

      El Reno warehouse with reinforced concrete and full containment design.
      6150-6200 Highway 66 E, El Reno, OK 73036
      View Details
    • $549,000
      5,900 SF

      El Reno Industrial Property

      5,900 SF Flex Space, 2 Buildings
      2708 Grimes Ave, El Reno, OK 73036
      View Details
    • $725,000
      8,000 SF

      El Reno Industrial Flex Space

      8,000 SF Flex Space - $725K
      108 27Th St, El Reno, OK 73036
      View Details
    • Contact for pricing

      El Reno Restaurant - Prime Location

      Route 66 Restaurant Space, High Traffic Area
      2415 Country Club Rd, El Reno, OK 73036
      View Details
    • $9,800,000
      40,715 SF

      El Reno Industrial Complex

      40,715 SF Flex Space, $9.8M
      6150 State Highway 66, El Reno, OK 73036
      View Details
    • $650,000
      8,000 SF

      El Reno Industrial Building

      8,000 SF building on 0.55 acres. Sale or lease.
      108 S.E. 27th Street, El Reno, OK 73036
      View Details

    FAQs

    What type of property is this?
    Land - 1.75 acre residential lot, ideal for building a home.
    Where is this land located?
    The property is located at N Gregory Rd, Unit 4 El Reno, OK.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: - Perfect lot to build your dream home; - No HOA; - Minimal restrictions
    (405) 570-5858
    Request Owner's contact information
    N Gregory Rd, Unit 4 El Reno, OK 73036
    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.
    N Gregory Rd, Unit 4
    El Reno, OK 73036
    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
    N Gregory Rd, Unit 4 El Reno, OK 73036
    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
    Jamie Hanselman
    Real Estate License ID: 181704
    (405) 570-5858
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.