Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lonnie Abbott Blvd & N Texas Avenue Ada, OK 74820

    View on Map
    Picture of Other land at Lonnie Abbott Blvd & N Texas Avenue, Ada, OK
    For Sale
    $312,512

    0.90 Acres For Sale Adjacent to a Newly Constructed Brakes Plus

    Property size:
    39,204 SF
    Lot size:
    0.90 Acres
    Price / SF:
    $7/SF
    Added:
    Mar 30, 2025
    Days on Market:
    396
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for Lonnie Abbott Blvd & N Texas Avenue

    General Information

    Standard status
    Active
    Property type
    Other land, Industrial land, Commercial land, Land
    Size
    39,204 SF
    Net Rentable
    39,204 SF
    Elevators
    N/A
    Lot size
    0.90 Acres

    We can help!

    Listing Contact
    David Hartnack

    Listing agent David License ##152924

    Listing office NAI RED Commercial Real Estate

    Listing date Mar 30, 2025

    Overview

    Prime Commercial Lot in Ada

    This 0.90-acre commercial land parcel is located at the intersection of Lonnie Abbott Blvd and N. Texas Avenue in Ada, Oklahoma. Situated within Ada's largest retail corridor, the property benefits from high visibility and accessibility. Zoned C-3, the land offers flexibility for various commercial uses. It is adjacent to a newly constructed Brakes Plus, enhancing its development potential. The location is approximately 83 miles south of Oklahoma City. The property's size is 0.90 acres, more or less.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Ada
    County
    Pontotoc
    State
    Oklahoma
    Longitude
    -96.7902
    Latitude
    34.7965

    Nearby Similar for Sale

    • $475,000

      Equestrian-Ready Farm Living

      Spacious home on 13.69 acres with equestrian facilities.
      19090 County Road 3 Dr., Ada, OK 74820
      View Details
    • $429,000

      Scenic Acreage Near Ada, Oklahoma

      15-acre farm/estate near Ada, OK, with home and outbuildings.
      11231 CR 3554, Ada, OK 74820
      View Details
    • $525,000
      4,816 SF

      Ada Auto Shop on Broadway

      Corner lot with three buildings totaling over 8,000sqft.
      403 N Broadway Avenue, Ada, OK 74820
      View Details
    • $50,000

      Land in Deer Creek Estates

      Exceptional building lots in established Deer Creek Estates neighborhood.
      County Road 1541, Ada, OK 74820
      View Details
    • $495,000

      Commercial Land in Ada, OK

      Commercial land available on a busy street in Ada, OK.
      Arlington, Ada, OK 74820
      View Details
    • $50,000

      Downtown Ada Corner Commercial Lot

      Prime commercial lot in downtown Ada, Oklahoma, for sale.
      301 W. 12th Street, Ada, OK 74820
      View Details
    • $260,000

      30 Acres Prime Location Land

      30 acres of land with utilities nearby, endless possibilities.
      7873 County Road 1570, Ada, OK 74820
      View Details
    • $1,185,000
      7,235 SF

      Multi-Tenant Medical/Office Building For Sale

      Versatile medical/office building in prime location, excellent investment opportunity.
      931 Arlington, Ada, OK 74820
      View Details
    • $1,185,000
      7,235 SF

      Ada Retail Property For Sale

      Retail property available in Ada, Oklahoma.
      931 Arlington, Ada, OK 74820
      View Details
    • $53,000

      Land for Residential or Recreational

      Vacant land near Highway 3, suitable for residential or recreational.
      7501 County Road 3460, Ada, OK 74820
      View Details
    • $106,230

      Versatile Acreage with Highway Frontage

      13.29+/- acre tract with homesite potential near Ada, OK.
      Tract 5 Highway 377, Ada, OK 74820
      View Details
    • $799,000
      19,500 SF

      Industrial Building Near Arlington Center

      20,000 SF industrial building on 2 acres for sale.
      1911 A Street, Ada, OK 74820
      View Details

    FAQs

    What type of property is this?
    Land - 0.90 Acres For Sale Adjacent to a Newly Constructed Brakes Plus
    Where is this land located?
    The property is located at Lonnie Abbott Blvd & N Texas Avenue Ada, OK.
    What is the asking price?
    The asking price for this property is $312,512.
    (405) 761-8955
    We can help!
    Listing Contact
    David Hartnack
    Real Estate License ID: #152924
    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!