Sign Up Successful!
You now have access to more from Realmo!
    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

    1301 N University St Seminole, OK 74868

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $239,500

    R-3 zoned land with potential for multiple residential uses.

    Lot size:
    3.26 Acres

    Property Features for 1301 N University St

    General Information

    Standard status
    Active
    Lot size
    3.26 Acres

    We can help!

    Listing Contact
    Jamie Carter
    Source: Exprealty

    Listing Agency: Carter Real Estate Company Listing Agent: Jamie Carter

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

    Learn more

    Overview

    Mobile Home Park Redevelopment Opportunity

    This property, formerly the Van Dr Mobile Home park, features 28 mobile home spaces. The land fronts three city streets: University, Van Drive, and Jefferson. Zoned R-3, the property allows for multiple uses, including duplexes, triplexes, apartments, boarding and rooming houses, community centers, and dormitories. All city amenities and utilities are already in place. This corner lot property is located at 1301 N University St, Seminole, OK, 74868-3221.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Seminole
    County
    Seminole
    State
    Oklahoma
    Longitude
    -96.674788
    Latitude
    35.236742

    Nearby Similar for Sale

    • $1,000,000
      12,000 SF

      Multipurpose Building in Central Seminole

      Mixed-use building with commercial spaces and apartments in growing community.
      328 N Main St, Seminole, OK 74868
      View Details
    • $239,500
      2,068 SF

      Seminole Restaurant with Drive-Thru

      Restaurant with drive-thru, dining area, and ample parking.
      520 W Broadway Ave, Seminole, OK 74868
      View Details
    • New
      $219,000
      2,050 SF

      Adaptable Commercial Building on Strother Avenue

      Versatile commercial building with high traffic exposure and redevelopment potential.
      419 W Strother Ave, Seminole, OK 74868
      View Details
    • $799,000
      Pending

      259+ Acre Ranch with Ponds

      259+ acre ranch in Seminole, OK with ponds and barns.
      36118 E St, Seminole, OK 74868
      View Details
    • $195,000
      2,500 SF

      Downtown Seminole Office Building

      Versatile office building in downtown Seminole with high visibility.
      416 N Main St, Seminole, OK 74868
      View Details
    • $6,000,000
      156,500 SF

      Seminole Industrial Manufacturing Facility

      159,196 SF industrial facility on 41.6 acres for sale.
      711 Boren Blvd, Seminole, OK 74868
      View Details
    • $1,000,000
      9,240 SF

      Vacant Early Education Center Asset

      9,240 SF vacant early education center in Seminole, OK.
      1805 W Wrangler Blvd, Seminole, OK 74868
      View Details
    • $349,000
      9,069 SF

      Seminole Warehouse: 9.76 Acres

      Massive warehouse, ideal for business. High-traffic location, excellent amenities.
      12564 Old Hwy 99 Hwy, Seminole, OK 74868
      View Details
    • $250,000
      5,060 SF

      Seminole Commercial Property - Highway Frontage

      Large Shop, High Visibility, Ample Parking
      1418 Boren Blvd, Seminole, OK 74868
      View Details
    • $249,900
      3.26 Acres

      Seminole Commercial Land Investment

      3.26 Acres, R-3 Zoning, High Potential
      1301 University St, Seminole, OK 74868
      View Details
    • $1,000,000
      12,000 SF

      Seminole Main Street Investment

      High-return multi-use building in Seminole, OK.
      328 Main St, Seminole, OK 74868
      View Details
    • $99,500
      3,136 SF

      Seminole Retail Space - Prime Location

      High-traffic retail space, 3,136 sq ft.
      813 Boren Blvd, Seminole, OK 74868
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - R-3 zoned land with potential for multiple residential uses.
    Where is this mobile home & rv park located?
    The property is located at 1301 N University St Seminole, OK.
    What is the asking price?
    The asking price for this property is $239,500.
    What are key features of this property?
    This property features: - 28 mobile home spaces previously existed.; - Zoned R-3 with multiple development uses (duplexes, apartments, etc.).; - Located on a corner lot.
    (405) 303-5090
    Request Owner's contact information
    1301 N University St Seminole, OK 74868
    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.
    1301 N University St
    Seminole, OK 74868
    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
    1301 N University St Seminole, OK 74868
    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!
    Listing Contact
    Jamie Carter
    (405) 303-5090
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.