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

    NE 16Th St Oklahoma City, OK 73141

    Sponsored
    For Sale
    $59,900

    LAND - Oklahoma City, OK

    Lot size:
    1.19 Acres
    Days on Market:
    20
    Last Refresh:
    Jan 27 at 5:06 am

    Property Features for NE 16Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    NE16th73141
    Lot size
    1.19 Acres

    We can help!

    Listing Contact
    Shane Willard

    Centurion, Inc (405) 359-7400

    Listing agent Shane Willard (405) 640-1317

    Listing date Jan 8, 2026

    MLS# 1208285

    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 Lot in Oklahoma City

    This 1.19-acre residential lot is located in Oklahoma City. Zoned for residential use, the property is wooded along the perimeter, offering a natural buffer and added privacy while keeping the interior open and usable. It is suitable for a custom home, shop, or outdoor living space. The lot provides the freedom to design the layout you want with plenty of room to spread out, all while staying close to major roads, shopping, and everyday conveniences. The property is located in Oklahoma County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.377686
    Latitude
    35.486407

    Nearby Similar for Sale

    • $304,999
      Pending

      Renovated Duplex in Central OKC

      Fully renovated duplex with modern upgrades and central location.
      2809 NW 22Nd St, Oklahoma City, OK 73107
      View Details
    • New
      $315,000
      2,880 SF

      Oklahoma City Multifamily Investment Property

      Well-maintained 4-unit property with income potential in Oklahoma City.
      1615 N Land Ave, Oklahoma City, OK 73107
      View Details
    • $220,000
      1,955 SF

      Updated Duplex in Oklahoma City

      Two dwellings, updated main house, additional rental income stream.
      3836 NW Liberty St, Oklahoma City, OK 73107
      View Details
    • New
      $400,000
      2,011 SF

      Updated Craftsman Home with Garage Apartment

      Charming updated Craftsman with detached garage apartment in Oklahoma City.
      3123 NW 17Th St, Oklahoma City, OK 73107
      View Details
    • Contact for pricing
      3,024 SF

      Oklahoma City Office Space Available

      Professional office spaces available in The Village neighborhood.
      2812 W Hefner Rd, Oklahoma City, OK 73120
      View Details
    • $170,000
      2,122 SF

      Multifamily Property with ADU Potential

      Multifamily property with additional dwelling unit near I-35.
      2325 E Madison St, Oklahoma City, OK 73111
      View Details
    • $260,000
      Pending

      Oklahoma City Duplex Investment Property

      Fully occupied duplex in Oklahoma City with active leases.
      6713 Lyrewood Ln, Oklahoma City, OK 73132
      View Details
    • New
      $580,000
      3,597 SF

      Oklahoma City Commercial Opportunity

      Commercial property on SW 89th St with high visibility.
      1045 SW 89Th St, Oklahoma City, OK 73139
      View Details
    • $299,000
      Pending

      Refurbished Duplex in Prime Location

      Turn-key duplex near OU medical, State Capitol, and downtown.
      1000 NE 19Th St, Oklahoma City, OK 73111
      View Details
    • $1,190,000
      11,948 SF

      Oklahoma City Multifamily Investment Property

      16-unit multifamily property with immediate income and long-term potential.
      1731 NW 32Nd St, Oklahoma City, OK 73118
      View Details
    • $625,000
      Pending

      Paseo District Income Property

      Single-family home and updated four-plex in Oklahoma City's Paseo District.
      440 NW 28Th St, Oklahoma City, OK 73103
      View Details
    • New
      $345,000
      Pending

      Remodeled Duplex: Investor's Dream

      Fully remodeled duplex in Oklahoma City with income potential.
      8404 Candlewood Dr, Oklahoma City, OK 73132
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.19-acre residential lot ready for your next move.
    Where is this residential land & home lot located?
    The property is located at NE 16Th St Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: - This 1.19-acre residential lot provides ample space for a custom home, shop, or outdoor living.; - Wooded perimeter offers a natural buffer and added privacy.; - The interior of the lot is open and usable.
    (405) 640-1317
    Request Owner's contact information
    NE 16Th St Oklahoma City, OK 73141
    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.
    NE 16Th St
    Oklahoma City, OK 73141
    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
    NE 16Th St Oklahoma City, OK 73141
    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.
    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.