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    N.W. Corner of Covell Road & Coltrane Road Edmond, OK 73034

    Source: https://www.naisullivangroup.com
    For Sale
    $3,800,000

    9.67 acres, E-2 zoning, high visibility.

    Property size:
    421,225 SF

    Description

    Added:
    Apr 1, 2025
    Days on Market:
    256
    This exceptional 9.67-acre parcel presents a remarkable opportunity for retail development. Strategically located at the northwest corner of Covell Road and Coltrane Road in Edmond, OK 73034, this hard corner lot boasts unparalleled visibility and accessibility. Zoned E-2 Open Display Commercial, the property is ideally suited for a variety of retail or restaurant uses. The site's expansive size allows for significant development potential, catering to large-scale projects. Its prime location benefits from proximity to multiple new retail and restaurant developments situated approximately one mile to the east, indicating a thriving and expanding commercial area. The asking price is $3,800,000, translating to approximately $9.00 per square foot. Note that the property is designated as having a fuel void. This exceptional location and zoning make this a truly unique investment opportunity in a rapidly growing market. Serious inquiries only.

    Property Features for N.W. Corner of Covell Road & Coltrane Road

    General Information

    Property type
    Other land
    Square Feet
    421,225 SF
    Price / Square Foot
    $9
    Elevators
    N/A
    Net Rentable
    421,225 SF
    Lot Size
    421,225 SF

    HighLights

    • Prime 9.67‑acre Edmond, OK retail land for sale at $3,800,000.
    • Strategically located at the hard corner of Covell & Coltrane Roads.
    • E‑2 zoning allows for diverse commercial development opportunities near thriving retail.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Edmond
    State
    Oklahoma
    Longitude
    -97.653808
    Latitude
    35.565915

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    FAQs

    What type of property is this?
    Land - 9.67 acres, E-2 zoning, high visibility.
    Where is this land located?
    The property is located at N.W. Corner of Covell Road & Coltrane Road Edmond, OK.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: Prime 9.67-acre Edmond, OK retail land for sale at $3,800,000.; Strategically located at the hard corner of Covell & Coltrane Roads.; E-2 zoning allows for diverse commercial development opportunities near thriving retail.
    (405) 761-8955
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    N.W. Corner of Covell Road & Coltrane Road Edmond, OK 73034
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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
    N.W. Corner of Covell Road & Coltrane Road Edmond, OK 73034
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