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

    502 S Symes Ln Mustang, OK

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Raw industrial land suitable for storage, distribution, and contractors.

    Lot size:
    19.83 Acres

    Property Features for 502 S Symes Ln

    General Information

    Lot size
    19.83 Acres

    We can help!

    Listing Contact
    Nicole Mayes
    Nicole Mayes
    Source: Moodyscre

    Listing Agency: Horizon Commercial Real Estate Listing Agent: Nicole Mayes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Raw Industrial Land Available

    Located approximately 7 miles west of Will Rogers Airport, this raw industrial land is situated in a growing business district. The site is suitable for storage, distribution, studios, contractors, and other uses. Five separate lots are available within the developing district, each with access via S Symes Ln. Nearby establishments include Walmart, Lowe's, Hampton Inn, and St Anthony.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mustang
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.7244867
    Latitude
    35.384226

    Nearby Similar for Sale

    • $600,000
      3,000 SF

      Highway Frontage Commercial Property

      3,000 SF building on 1/2 acre with highway frontage.
      1608 E State Highway 152, Mustang, OK 73064
      View Details
    • Contact for pricing
      3,500 SF

      New Commercial Property in Mustang

      New commercial property in Mustang, completed in 2024, ample parking.
      220 Chisholm Trail Way, Mustang, OK 73064
      View Details
    • $322,000
      1,800 SF

      Turn-Key Investment Package in Mustang

      Three newer homes in Mustang, OK, ideal for investors.
      1313 N Beale Ter, Mustang, OK 73064
      View Details
    • $850,000
      4,880 SF

      Mustang Road Retail Building

      Prime Retail Space - $850,000
      547-553 N. Mustang Road, Mustang, OK 73604
      View Details
    • Contact for pricing
      5,447 SF

      Remodeled Office Building Near Highway

      Garden-style office building remodeled in 2022 with modern amenities.
      301 Sara Rd, Mustang, OK 73064
      View Details
    • $650,000
      3,000 SF

      Mustang Hwy 152 Business Opportunity

      High-traffic location, versatile shop space.
      1608 State Highway 152, Mustang, OK 73064
      View Details
    • $1,800,000
      7,020 SF

      Mustang Office Building - Turnkey Medical Facility

      7,020 sq ft Office, Prime Location, Ready to Occupy
      1468 Mustang Rd, Mustang, OK 73064
      View Details
    • $1,000,000
      1,604 SF

      Mustang Commercial Land - 1.5 Acres

      Prime 1.5-acre commercial lot, C-3 zoning, high visibility.
      519 Sara Rd, Mustang, OK 73064
      View Details
    • Contact for pricing
      1,993 SF

      1,993 SF on 0.35 Acres Retail Building For Sale or Lease - 331 N. Mustang Road

      1,993 SF on 0.35 Acres Retail Building For Sale or Lease - 331 N. Mustang Road
      331 N. Mustang Road, Mustang, OK 73064
      View Details
    • $758,815
      4.59 Acres

      Mustang Commercial Land Opportunity

      High-growth area, versatile zoning, 4.59 acres.
      501 Clear Springs Rd, Mustang, OK 73064
      View Details
    • $9,700,000
      89,530 SF

      Mustang Retail Center: Prime Investment

      Thriving 89,530 SF shopping center, 100% occupied.
      101 Mustang Rd, Mustang, OK 73064
      View Details
    • $1,800,000
      7,020 SF

      Turnkey Medical Clinic For Sale

      Turnkey medical clinic with efficient layout and certified X-ray.
      1468 N Mustang Rd, Mustang, OK 73064
      View Details

    FAQs

    What type of property is this?
    Land - Raw industrial land suitable for storage, distribution, and contractors.
    Where is this land located?
    The property is located at 502 S Symes Ln Mustang, OK.
    What is the asking price?
    The asking price for this property is $3,460,842.
    What are key features of this property?
    This property features: - Raw industrial land suitable for various uses, including storage, distribution, studios, and contractors.; - Located in a growing business district.; - Proximity to Will Rogers Airport (7 miles).
    (405) 844-4110 Call to check price and availability
    Request Owner's contact information
    502 S Symes Ln Mustang, OK
    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.
    502 S Symes Ln
    Mustang, OK
    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
    502 S Symes Ln Mustang, OK
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nicole Mayes
    Nicole Mayes
    Real Estate License ID: 149752
    (405) 844-4110 (405) 209-3992 (405) 850-1107
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!