Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    2300 NW HI-37 Highway Newcastle, OK 73065

    View on Map
    Claim this Listing
    Picture of Commercial land at 2300 NW HI-37 Highway, Newcastle, OK
    For Sale
    $275,000

    LAND - Newcastle, OK

    Lot size:
    2.00 Acres
    Added:
    May 7, 2025
    Days on Market:
    361
    Last Refresh:
    May 2 at 6:06 am

    Property Features for 2300 NW HI-37 Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    Commercial
    Standard status
    Active
    APN
    2300NWHI-3773065
    Lot size
    2.00 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    J.K. Chism

    Listing agent J.K. Chism License #144229

    Listing office KW Summit 13909 S Western Ave STE 200, Oklahoma City, OK

    Listing date May 7, 2025

    MLS# 1168757

    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.

    Overview

    Commercial Land on Highway 37

    This commercial property is located on Highway 37 in Newcastle, Oklahoma. The site offers a water view and high visibility from the highway. Utilities are available on site. The property consists of approximately 2 acres and is zoned for commercial use. Newcastle is experiencing expansion, presenting an opportunity to become part of the growing community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Newcastle
    County
    McClain
    State
    Oklahoma
    Longitude
    -97.633442
    Latitude
    35.290286

    Nearby Similar for Sale

    • $95,000

      Waterfront Acre in Newcastle, OK

      Premier 1-acre lot with waterfront access and utilities on-site.
      4101 S Pennsylvania Avenue, Newcastle, OK 73065
      View Details
    • $5,950,000
      52,025 SF

      Newcastle Mixed-Use Development For Sale

      New mixed-use property with retail and self-storage in Newcastle, OK.
      550 NE 24th Street, Newcastle, OK 73065
      View Details
    • $224,900

      Prime Land in Gated Community

      5 acre lot in exclusive gated community near Newcastle, OK.
      11 Southwinds Lane, Newcastle, OK 73065
      View Details
    • $935,000

      Commercial Office Building on 2.37 Acres

      Office building with three suites on 2.37 acres.
      2830 Nw 32nd St, Newcastle, OK, 73065-6606
      View Details
    • $250,000

      Commercial Land on Highway 37

      1.5 acres of commercial land with high visibility.
      2608 NW 32nd Street, Newcastle, OK 73065
      View Details
    • $189,000

      Land with Barndominium Pad

      Residential land with shop building and utilities in Newcastle, OK.
      3240 N Council Street, Newcastle, OK 73065
      View Details
    • $5,950,000
      52,025 SF

      Mixed-Use Retail and Storage Space

      New mixed-use development with retail and self-storage space for sale.
      550 NE 24th St, Newcastle, OK
      View Details
    • $50,000

      One Acre Residential Lot

      One acre lot in a peaceful Newcastle location.
      none Road, Newcastle, OK 73065
      View Details
    • $72,500

      Land For Sale

      Land available in Newcastle, Oklahoma.
      00 Hilltop TER Tract 4, Newcastle, OK 73065
      View Details
    • $250,000

      Commercial Land on Hwy 37

      1.5 acres of commercial land with carport for sale.
      2608 NW 32nd Street, Newcastle, OK 73065
      View Details
    • $249,999
      1,500 SF

      Versatile Commercial Building on SH37

      Modernized commercial building with versatile rooms and high visibility.
      3775 NW 32nd Street, Newcastle, OK 73065
      View Details
    • $695,000
      1,560 SF

      Newcastle Commercial Property with Warehouse

      Highway frontage property suitable for various commercial ventures.
      3521 NW 32nd Street, Newcastle, OK 73065
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property with utilities and highway visibility in Newcastle, OK.
    Where is this commercial land located?
    The property is located at 2300 NW HI-37 Highway Newcastle, OK.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Great visibility from Highway 37; Utilities on site; Enjoy the water view
    (405) 417-0425
    We can help!
    Listing Contact
    J.K. Chism
    Real Estate License ID: 144229
    Learn More
    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

    2300 NW HI-37 Highway, Newcastle, OK 73065

    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!