Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    El Reno Live-Work Property Title is generated by Realmo AI

    316 Jones Rd NE, El Reno, OK 73036

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $424,900

    2,203 SF of living space offering 3 bedrooms, 2 bathrooms plus a half bath

    Property size:
    2,203 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $192/SF
    Added:
    Jan 20, 2025
    Days on Market:
    487
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 316 Jones Rd NE

    General Information

    Standard status
    Active
    Property type
    Live-work space, Industrial live-work properties, Other residential income properties, Mixed-use properties, Residential income properties
    Size
    2,203 SF
    Total Parking Spaces
    2
    Elevators
    N/A
    Lot size
    0.05 Acres

    Building Details

    Year Built
    1977
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Casey Trejo

    Listing agent Casey

    Listing office

    Listing date Jan 20, 2025

    HighLights

    • 2,203 square feet
    • 3 bedrooms | 2.5 bathrooms
    • Built in 1977
    • 2 Car Attached Garage
    • Located just outside of El Reno on 2 acres!
    • Features a shop!

    Overview

    This El Reno live-work property features a 2,203 square foot home with three bedrooms and two and a half bathrooms. The primary bedroom includes a walk-in closet and an en-suite bathroom. A jack-and-jill bathroom connects two additional bedrooms. The living room has a fireplace and patio access, flowing into the open kitchen and dining area. The kitchen is equipped with wood cabinetry, counter space, and white appliances. A bonus room with natural light overlooks the backyard. The home features newer windows and a new HVAC system. Situated on approximately 0.05 acres, the property includes an 88x58 foot shop with an 8-inch concrete slab. The shop features 420 square feet of climate-controlled living quarters, insulated with spray foam and equipped with two mini-split systems. Mature trees enhance the property's curb appeal. This property combines country living with the convenience of El Reno's proximity.

    Financial Insights

    Value Estimation Calculated for Mixed Use

    Conservative
    $297.4K
    NOI $26,766 @ 9.00% cap · cautious / downside scenario
    Moderate
    $382.4K
    NOI $26,766 @ 7.00% cap · market / base-case scenario
    Aggressive
    $535.3K
    NOI $26,766 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Mixed Use

    Component $ $/SF
    Gross rent $47.6k $21.60
    − Vacancy −$4.8k −$2.16
    EGI $42.8k $19.44
    − OpEx −$16.1k −$7.29
    NOI $26.8k $12.15
    2,203 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%

    Alternative Use Scenarios

    Best Use
    Mixed Use
    $382.4K
    $334.6K – $446.1K (±1% cap)
    NOI $26,766 @ 7.0% cap · market cap 6.30%
    Second Best
    Apartment 5plus
    $172.0K
    $150.5K – $200.7K (±1% cap)
    NOI $12,039 @ 7.0% cap · market cap 2.83%
    Theoretical Best
    Office A
    $479.7K
    $419.7K – $559.6K (±1% cap)
    NOI $33,578 @ 7.0% cap · market cap 7.90%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Law Firm Auto Repair Shop Storage Facility Discount Store Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    El Reno
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.9651
    Latitude
    35.5525

    Nearby Similar for Sale

    • $1,900,900
      24,290 SF

      El Reno Industrial Property For Sale

      9.09 acres with office and shop buildings near I-40.
      2309 E Highway 66 Street, El Reno, OK 73036
      View Details
    • $300,000
      3,276 SF

      Renovated Duplex in El Reno

      Turn-key duplex with immediate income potential in El Reno.
      1401 E Woodson Street, El Reno, OK 73036
      View Details
    • $1,390,000
      3,361 SF

      Historic Property with RV Park

      Land run property with farmhouse and income-producing RV park.
      3808 S Manning Road, El Reno, OK 73036
      View Details
    • $980,000

      28 Acres with Arena, Stalls

      28-acre property with arena, stalls, and event potential.
      000 SW 44th St., El Reno, OK 73036
      View Details
    • $1,390,000
      3,361 SF

      Historic Farmhouse with RV Park

      Farmhouse and RV park near I-40 in El Reno.
      3808 S Manning Road, El Reno, OK 73036
      View Details
    • $495,000

      New Construction Flex Space Available

      New construction flex space with multi-tenant options, available February 2025.
      16915 West Hefner Road, El Reno, OK 73036
      View Details
    • $650,000
      8,000 SF

      El Reno Auto Shop

      8,000 SF auto shop with multiple drive-in doors.
      108 SE 27th St, El Reno, OK 73036
      View Details
    • $995,000
      2,476 SF

      El Reno Shopping Center Investment

      Commercial building in El Reno's shopping center, great investment opportunity.
      1547 SW 27th Street, El Reno, OK 73036
      View Details
    • $650,000
      8,000 SF

      8,000 SF on 0.55 Acres Former Body Shop/Industrial Building For Sale or Lease-108 S.E. 27th Street

      8,000 SF building on 0.55 acres in El Reno, OK.
      108 S.E. 27th Street, El Reno, OK 73036
      View Details
    • $650,000
      8,000 SF

      El Reno Body Shop Opportunity

      8,000 SF body shop with multiple drive-in doors for sale.
      108 SE 27th 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, completion February 2025.
      16915 W Hefner Rd, 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 Road, El Reno, OK 73036
      View Details

    FAQs

    What type of property is this?
    Live-work space - 2,203 SF of living space offering 3 bedrooms, 2 bathrooms plus a half bath
    Where is this live-work space located?
    The property is located at 316 Jones Rd NE El Reno, OK.
    What is the asking price?
    The asking price for this property is $424,900.
    What are key features of this property?
    This property features: 2,203 square feet; 3 bedrooms | 2.5 bathrooms; Built in 1977
    (405) 249-3401
    We can help!
    Listing Contact
    Casey Trejo
    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

    Thank You for Inquiry
    316 Jones Rd NE, El Reno, OK 73036
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!