Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Perry, OK Title is generated by Realmo AI

    1404 Coffey Drive, Perry, OK 73077

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Perry, OK

    Lot size:
    0.26 Acres
    Added:
    Jan 26, 2024
    Days on Market:
    855
    Last Refresh:
    May 30 at 3:06 pm

    Property Features for 1404 Coffey Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    1404NONECoffey73077
    Lot size
    0.26 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jeffrey Williams
    Jeffrey Williams

    Listing agent Jeffrey Williams License #177524

    Listing office McGraw REALTORS (BO) 16301 N May Avenue, Edmond, OK

    Listing date Jan 26, 2024

    MLS# 1096364 Listing URL

    Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Public water source available.
    • Public sewer connected.
    • Conveniently located at: [-97.29767,36.27962].

    Overview

    This residential land is located in Perry, Oklahoma. The lot size is 0.2583 acres. The property is zoned for residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Noble
    State
    Oklahoma
    Longitude
    -97.297666
    Latitude
    36.279623

    Nearby Similar for Sale

    • $160,000
      11,250 SF

      Versatile Commercial Building in Perry

      11,250 SF commercial building in high-visibility downtown location.
      423 N 7th Street, Perry, OK 73077
      View Details
    • $60,000
      1,300 SF

      Restaurant Opportunity in Historic Downtown

      Restored restaurant property for sale in Perry's historic square.
      636 Cedar, Perry, OK 73077
      View Details
    • $20,000

      Perry, OK Vacant Land

      0.2+/- acre lot near Perry High School.
      805 Gove St, Perry, OK 73077
      View Details
    • $1,494,000
      10,500 SF

      Family Dollar NNN Investment Opportunity

      NNN leased Family Dollar with rental escalations and renewal options.
      607 Fir St, Perry, OK 73077
      View Details
    • $422,900

      Versatile Land in Noble County

      111.4 acre tract ideal for livestock, recreation, or homesite.
      TBD Co Rd 170, Perry, OK 73077
      View Details
    • $170,000
      11,250 SF

      Versatile Commercial Building in Perry

      11,250 SF mixed-use building in high-visibility downtown location.
      423 N 7th St, Perry, OK 73077
      View Details
    • $52,500

      Perry, OK Vacant Land

      5-15 acre property with pastureland, pond, and country atmosphere.
      0000 Private Road 138, Perry, OK 73077
      View Details
    • $52,500

      Perry, OK Pastureland with Pond

      5-15 acre property with open pastureland and pond.
      Private Rd 138, Perry, OK 73077-9316
      View Details
    • $87,500
      2,400 SF

      Land Near Perry, Oklahoma

      5.92 acre lot near Perry with utilities and barn.
      47 Stone Hill Way, Perry, OK 73077
      View Details
    • $1,041,516

      Perry, OK Dollar General Investment

      NNN Dollar General in Perry, OK with 8% return.
      524 Fir St, Perry, OK
      View Details
    • $131,250
      3,750 SF

      Retail Space in Perry Square

      Retail space featuring skylights, elevator, and mezzanine.
      618 Cedar St, Perry, OK
      View Details
    • $72,500
      2,400 SF

      Commercial Investment Opportunity in Perry

      Commercial property with two rental incomes in Perry, Oklahoma.
      617 Delaware St, Perry, OK
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land available in Perry, Oklahoma.
    Where is this residential land & home lot located?
    The property is located at 1404 Coffey Drive Perry, OK.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Public water source available.; Public sewer connected.; Conveniently located at: [-97.29767,36.27962].
    (405) 699-2676
    We can help!
    Listing Contact
    Jeffrey Williams
    Jeffrey Williams
    Real Estate License ID: 177524
    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

    Thank You for Inquiry
    1404 Coffey Drive, Perry, OK 73077
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!