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    810 Quail Run Road Grove, OK 74844

    Sponsored
    Source: https://www.naisullivangroup.com
    For Sale
    $7,200,000

    72-unit garden-style complex, high occupancy.

    Property size:
    988 SF

    Description

    Added:
    Mar 30, 2025
    Days on Market:
    288
    This exceptional investment opportunity presents a 72-unit garden-style multifamily property located at 810 Quail Run Road, Grove, OK 74844. The property boasts a total of 72 units, comprised of 32 one-bedroom, one-bathroom units and 40 two-bedroom, two-bathroom units. Currently exhibiting a 95.8% occupancy rate, this complex generates a substantial net operating income (NOI) of $463,101.61. The asking price is $7,200,000, translating to $100,000 per unit. Built with high-quality construction and featuring modern amenities, the property benefits from strong market fundamentals and consistent rental demand, providing a stable cash flow with a proven rental history. Situated in the growing market of Grove, Oklahoma, this complex enjoys a landlord-friendly environment and is conveniently located near Grand Lake O' the Cherokees, major highways, and local businesses. The total building size is 988 square feet. This presents a compelling investment opportunity in a desirable location with strong performance metrics.

    Property Features for 810 Quail Run Road

    General Information

    Property type
    Multifamily properties
    Square Feet
    988 SF
    Elevators
    N/A
    Net Rentable
    988 SF

    Building Details

    Buildings
    10
    Stories
    2

    HighLights

    • Exceptional 72‑unit complex in Grove, OK, offering strong rental income.
    • Boasts 95.8% occupancy and a substantial net operating income of $463,101.61.
    • Prime location near Grand Lake and major highways, with high‑quality construction.
    Location Intelligence

    Current Use by Public Records

    Baycrest Apartments Apartment Complex

    Suggested Use

    Gym & Fitness Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Grove
    State
    Oklahoma
    Longitude
    -97.404427
    Latitude
    35.403386

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    FAQs

    What type of property is this?
    Multifamily property - 72-unit garden-style complex, high occupancy.
    Where is this multifamily property located?
    The property is located at 810 Quail Run Road Grove, OK.
    What is the asking price?
    The asking price for this property is $7,200,000.
    What are key features of this property?
    This property features: Exceptional 72-unit complex in Grove, OK, offering strong rental income.; Boasts 95.8% occupancy and a substantial net operating income of $463,101.61.; Prime location near Grand Lake and major highways, with high-quality construction.
    (405) 313-0333
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    810 Quail Run Road Grove, OK 74844
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    Grove, OK 74844
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    Realmo Value Estimation

    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.

    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.

    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
    810 Quail Run Road Grove, OK 74844
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