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

    4100 W Owen K. Garriott Rd Enid, OK 73703

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    4100 W. Owen K. Garriott Rd. A++

    Property size:
    43,027 SF

    Property Features for 4100 W Owen K. Garriott Rd

    General Information

    Property type
    Commercial land
    Square Feet
    43,027 SF
    Class
    A
    Lot Size
    42,994 SF

    Overview

    Prime Retail/Restaurant Pad Site

    This property is a sought-after retail and restaurant pad site located on the W. Owen K. Garriott / Highway 412 retail corridor. The site is approximately 0.987 acres, more or less, and features a platted street and public utilities. It is zoned C-3 General Commercial. Recent new projects are located nearby, and there are many rooftops in the surrounding area. The property is across the parking lot from a Hampton Inn, providing built-in customers. It is located mid-mile and features a corner lot location. A mock-up of a potential project is available. The platted address is 510 Demla Ct.; the City of Enid may reassign the address once improvements are planned. The property size is 43027.

    We can help!

    Listing Contact
    Cole Ream

    Learn more

    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Enid
    State
    Oklahoma
    Longitude
    -97.8898975
    Latitude
    36.3909445

    Nearby Similar for Sale

    • New
      $245,000
      2,857 SF

      Versatile Commercial Space in Enid

      Adaptable commercial property with income potential in Enid, Oklahoma.
      102 S Grant St, Enid, OK 73703
      View Details
    • $650,000

      Enid Restaurant Opportunity For Sale

      Turnkey restaurant or real estate opportunity in Enid, Oklahoma.
      213 W Willow Rd, Enid, OK 73701
      View Details
    • $500,000
      0.84 Acres

      Turnkey Restaurant & Bar Opportunity

      Fully operational restaurant and bar with entertainment space on corner lot.
      117 W Oxford Ave, Enid, OK 73701
      View Details
    • $380,000
      3,184 SF

      Enid, OK Entertainment Venue

      Established gentlemen's club and bar near Air Force Base.
      2601 S Van Buren St, Enid, OK 73703
      View Details
    • Contact for pricing
      9,000 SF

      Adaptable Commercial Space in Enid

      Spacious, two-story commercial property in downtown Enid with multi-use potential.
      221 W Randolph Ave, Enid, OK 73703
      View Details
    • $225,000

      Versatile Commercial Space in Enid

      Adaptable commercial property suitable for office, retail, or salon.
      913 W Maple Ave, Enid, OK 73701
      View Details
    • New
      $899,900
      3,334 SF

      Enid Farm/Estate with Horse Amenities

      25-acre Enid property with barns, arena, and spacious home.
      614 N Imo Rd, Enid, OK 73703
      View Details
    • $250,000

      Enid Commercial Property with Garage

      Commercial property featuring a fenced yard and four-bay garage.
      113 E Pine Ave, Enid, OK 73701
      View Details
    • $150,000

      Charming Adaptable Commercial Space in Enid

      1875 sq ft commercial space ideal for modern innovation.
      124 E Broadway Ave, Enid, OK 73703
      View Details
    • $319,000
      2,958 SF

      Former Farmers Insurance office

      220 W. Broadway AVe. - Enid, OK
      220 W Broadway Ave, Enid, OK 73701
      View Details
    • $335,000

      Spacious Commercial Property Near Downtown

      5000 sq ft commercial building with offices and garage bays.
      805 W Maine St, Enid, OK 73701
      View Details
    • $139,000
      3,077 SF

      Historic Commercial Building in Enid

      Two-story, 3,077 SF commercial building in downtown Enid, Oklahoma.
      216 W Randolph Ave, Enid, OK 73701
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4100 W. Owen K. Garriott Rd. A++
    Where is this commercial land located?
    The property is located at 4100 W Owen K. Garriott Rd Enid, OK.
    (580) 484-8400
    Request Owner's contact information
    4100 W Owen K. Garriott Rd Enid, OK 73703
    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.
    4100 W Owen K. Garriott Rd
    Enid, OK 73703
    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
    4100 W Owen K. Garriott Rd Enid, OK 73703
    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
    Cole Ream
    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!