Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    18.8 Acre Lot in Broken Arrow Title is generated by Realmo AI

    14219 S 198th Avenue E, Broken Arrow, OK 74014

    View on Map
    Claim this Listing
    Pending
    $895,000

    LAND - Broken Arrow, OK

    Lot size:
    18.80 Acres
    Added:
    Dec 8, 2025
    Days on Market:
    176
    Last Refresh:
    Jun 2 at 4:06 pm

    Property Features for 14219 S 198th Avenue E

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RS
    Standard status
    Pending
    Lot size
    18.80 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Block 2 Lot 5 Neel Estates
    Tax Annual Amount
    4000

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Mandy D Foster

    Listing agent Mandy D Foster License #201380

    Listing office Epique Realty 8211 E Regal Pl, Tulsa, OK

    Listing date Dec 8, 2025

    MLS# 2548574 Listing URL

    Copyright © 2026 MLS Technology, 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

    • Expansive 18.8‑acre lot in a premier development.
    • Exclusive community with only 16 lots on 85+ acres.
    • Blend of nature and luxury with open fields, wooded areas, and ponds.
    • Paved roads and fenced neighborhood for enhanced living.
    • Serene retreat with easy city accessibility.
    • Owner has started process of dividing lot into 3 smaller parcels.

    Overview

    This 18.8-acre lot is located within Neel Estates, a planned community in Southeast Broken Arrow. The development features paved roads, a fenced perimeter, and a maintained entrance. Neel Estates encompasses over 85 acres, divided into 16 lots ranging from 2 to 18.8 acres. The property includes open fields, wooded areas, and ponds. The owner has initiated the process of dividing the lot into 3 smaller parcels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Broken Arrow
    County
    Wagoner
    State
    Oklahoma
    Longitude
    -95.702
    Latitude
    36.0559

    Nearby Similar for Sale

    • $1,170,000
      4,500 SF

      Broken Arrow Office Building For Sale

      Well-maintained office building in Broken Arrow's professional district.
      1015 W Ithica Street, Broken Arrow, OK 74012
      View Details
    • $2,499,000
      5,168 SF

      Broken Arrow Commercial Building For Sale

      5,168 SF commercial building in high-traffic Broken Arrow location.
      333 W Albany Street, Broken Arrow, OK 74012
      View Details
    • $1,125,000

      Development Land in Broken Arrow

      4.86 acres in growing area with utilities and high visibility.
      17820 E 101st Street, Broken Arrow, OK 74011
      View Details
    • $1,125,000

      Broken Arrow Development Opportunity

      4.86 acres in growing Broken Arrow, Oklahoma.
      17820 E 101st St, Broken Arrow, OK 74011
      View Details
    • $1,200,000

      Broken Arrow Commercial Development Site

      4.8-acre commercial site with high visibility and dual road frontage.
      3000 E Houston Street, Broken Arrow, OK 74014
      View Details
    • $4,200
      2,802 SF

      Broken Arrow Office Space Available

      Office space for lease in Broken Arrow, Oklahoma.
      3103 S Juniper Avenue, Broken Arrow, OK 74012
      View Details
    • $325,000
      2,464 SF

      Broken Arrow Duplex Opportunity

      Spacious duplex in thriving Broken Arrow location.
      4517 S Gum Avenue, Broken Arrow, OK 74011
      View Details
    • $5,625
      7,500 SF

      Industrial Warehouse Space in Broken Arrow

      Industrial warehouse with overhead doors and open layout for sale.
      19901 E Highway 51, Broken Arrow, OK 74014
      View Details
    • $320,000
      2,232 SF

      Broken Arrow Duplex Investment Property

      Well-maintained duplex in Broken Arrow, fully occupied, great investment.
      4901 S Hickory Avenue, Broken Arrow, OK 74011
      View Details
    • $125,000

      Land in Timber Crest

      Residential land to build your dream home in Broken Arrow.
      S 294th East Avenue, Broken Arrow, OK 74014
      View Details
    • $795,000

      Prime Downtown Broken Arrow Land

      0.80 acres in vibrant Rose District, ideal for development.
      901 S Main Street, Broken Arrow, OK 74012
      View Details
    • $199,500

      Broken Arrow Acreage Lot

      Large lot in premier Broken Arrow development with utilities on-site.
      14138 S 198th Avenue E, Broken Arrow, OK 74014
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Premier development land in Southeast Broken Arrow's Neel Estates.
    Where is this residential land & home lot located?
    The property is located at 14219 S 198th Avenue E Broken Arrow, OK.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: Expansive 18.8‑acre lot in a premier development.; Exclusive community with only 16 lots on 85+ acres.; Blend of nature and luxury with open fields, wooded areas, and ponds.
    (888) 893-3537
    We can help!
    Listing Contact
    Mandy D Foster
    Real Estate License ID: 201380
    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
    14219 S 198th Avenue E, Broken Arrow, OK 74014
    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!