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

    S 8th Street Sayre, OK 73662

    View on Map
    Claim this Listing
    For Sale
    $39,000

    LAND - Sayre, OK

    Lot size:
    5.25 Acres
    Added:
    Apr 11, 2025
    Days on Market:
    379
    Last Refresh:
    Apr 24 at 4:06 pm

    Property Features for S 8th Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    S8th73662
    Lot size
    5.25 Acres

    We can help!

    Listing Contact
    Kelli Rippetoe
    Kelli Rippetoe

    Listing agent Kelli Rippetoe License #181648

    Listing office Exploration Realty LLC 207 N Watkins, Elk City, OK

    Listing date Apr 11, 2025

    MLS# 1164884 Listing URL

    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.

    Overview

    Sayre, OK Cropland For Sale

    This property consists of 5.25 acres of cropland located at the edge of town in Sayre, Oklahoma. The land is currently being leased and is zoned for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Sayre
    County
    Beckham
    State
    Oklahoma
    Longitude
    -99.645617
    Latitude
    35.296007

    Nearby Similar for Sale

    • $240,000
      7,200 SF

      Historic Route 66 Commercial Building

      Unique commercial building on Route 66 with nostalgic soda fountain.
      101 W Main Street, Sayre, OK 73662
      View Details
    • $125,000
      6,100 SF

      Route 66 Turnkey Business Opportunity

      Established business on Historic Route 66 with living quarters.
      105 W Main Street, Sayre, OK 73662
      View Details
    • $269,900
      1,500 SF

      Turn-Key Tire Shop & Carwash

      Fully equipped tire shop and carwash in Sayre, Oklahoma.
      1609 Watts Street, Sayre, OK 73662
      View Details
    • $175,000
      3,125 SF

      Route 66 Commercial Building

      Established commercial building on Historic Route 66 in Sayre, Oklahoma.
      121 N 4th Street, Sayre, OK 73662
      View Details
    • $8,900

      Commercial Land in Sayre, OK

      0.44 acre corner lot suitable for new construction.
      119 E Greer Avenue, Sayre, OK 73662
      View Details
    • $1,450,000
      1,896 SF

      Turnkey RV & Mobile Home Park

      Immaculate, income-producing RV and mobile home park near I-40.
      2005 NE Highway 66, Sayre, OK 73662
      View Details
    • $522,500

      190 Acres Highway Frontage Land

      Undeveloped land with I-40 frontage near Sayre, Oklahoma.
      I-40 Service Road, Sayre, OK 73662
      View Details
    • $440,000

      Historic Route 66 Mixed-Use Property

      9.72-acre property with multiple buildings, offering residential and commercial potential.
      18452 E 1270 Road, Sayre, OK 73662
      View Details
    • $19,900

      Land For Sale in Sayre

      Large city lot, approximately 0.603 acres, ready for building.
      603 E Benton Avenue, Sayre, OK 73662
      View Details
    • $145,000
      4,250 SF

      Retail Building on Historic Main

      Retail building with showroom, kitchen, and storage on Main Street.
      205 E Main Street, Sayre, OK 73662
      View Details
    • $125,000
      6,100 SF

      Sayre Commercial Property for Sale

      Commercial property in Sayre, Oklahoma, suitable for retail or storefront.
      105 W Main Street, Sayre, OK 73662
      View Details
    • $35,000

      Secluded Land in Beckham County

      11 acres of secluded land perfect for recreation or building.
      N 1860 Road, Sayre, OK 73662
      View Details

    FAQs

    What type of property is this?
    Farm - 5.25 acres of cropland for sale at the edge of town.
    Where is this farm located?
    The property is located at S 8th Street Sayre, OK.
    What is the asking price?
    The asking price for this property is $39,000.
    What are key features of this property?
    This property features: 5.25 acres mol of cropland; Acreage at the edge of town; Currently being leased
    (580) 821-0934
    We can help!
    Listing Contact
    Kelli Rippetoe
    Kelli Rippetoe
    Real Estate License ID: 181648
    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!