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

    41243 Steele Street, Shawnee, OK 74804

    View on Map
    Claim this Listing
    For Sale
    $45,000

    LAND - Shawnee, OK

    Lot size:
    0.51 Acres
    Added:
    Feb 6, 2026
    Days on Market:
    116
    Last Refresh:
    Jun 2 at 7:06 pm

    Property Features for 41243 Steele Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    41243NONESteele74804
    Lot size
    0.51 Acres

    Utilities

    Sewer type
    Aerobic Septic

    We can help!

    Listing Contact
    Cindy Grissom

    Listing agent Cindy Grissom

    Listing office Legacy Realty Team, LLC 14 W Main Ste A, Shawnee, OK

    Listing date Feb 6, 2026

    MLS# 1213266 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

    • Gated community offering privacy and security.
    • Located just outside city limits, providing a country setting with convenient access to town.
    • Situated in the highly‑regarded North Rock Creek School District.
    • Utilities available: Rural water, natural gas, and high‑speed internet (CVEC).
    • Opportunity to build a custom home in a desirable new addition.
    • Building committee ensures quality and maintains property values.

    Overview

    These vacant lots are located just outside city limits, offering a country-style setting while remaining conveniently close to town. Situated in the North Rock Creek School District, this community combines privacy, quality, and modern convenience. The lots are served by rural water, natural gas, and high-speed internet through CVEC. Aerobic septic systems are required for construction and are not included with the purchase of the lot. To maintain the integrity and long-term value of the neighborhood, home builders and home designs must be pre-approved by the community's building committee. The property is zoned residential and has a lot size of 0.51 acres. This is an opportunity to secure a homesite in one of Shawnee's most anticipated new additions, perfect for building a dream home.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Shawnee
    County
    Pottawatomie
    State
    Oklahoma
    Longitude
    -96.924972
    Latitude
    35.449911

    Nearby Similar for Sale

    • $675,000
      6,100 SF

      Versatile Office Space in Shawnee

      Functional commercial property with private offices and high traffic.
      908 East 35th Street, Shawnee, OK 74804
      View Details
    • $1,500,000
      31,336 SF

      Shawnee Commercial Building on Kennedy

      31,336 SF commercial building with 3.05 acres land.
      1400 N Kennedy Avenue, Shawnee, OK 74801
      View Details
    • $429,900
      7,600 SF

      Shawnee Office Building Investment Opportunity

      Well-maintained commercial office building with stable income and flexible layout.
      1501 N Shawnee Avenue, Shawnee, OK 74804
      View Details
    • $399,000
      9,657 SF

      Downtown Shawnee Commercial Building

      Prime commercial building in downtown Shawnee with high traffic exposure.
      123 W Highland Street, Shawnee, OK 74801
      View Details
    • $130,000
      3,750 SF

      Versatile Commercial Property in Shawnee

      3,750 sq ft flexible space with endless potential.
      115 S Oklahoma Avenue, Shawnee, OK 74801
      View Details
    • $550,000
      7,900 SF

      Commercial Property with Retail Frontage

      Versatile commercial property with retail frontage and warehouse space.
      1811 N Harrison Street, Shawnee, OK 74804
      View Details
    • $1,999,999
      2,440 SF

      Prime Land Investment Opportunity

      27.12 acres outside Shawnee with development potential.
      38172 W 45th Street, Shawnee, OK 74804
      View Details
    • $299,000
      4,230 SF

      Adaptable Commercial Space in Shawnee

      Versatile commercial property suitable for various business uses.
      3803 North Bryan Avenue, Shawnee, OK 74804
      View Details
    • $250,000
      10,120 SF

      Historic Art Deco Theater

      Oklahoma Historic Registry theater with dual screens and stage.
      125 N Bell Avenue, Shawnee, OK 74801
      View Details
    • $399,900

      Shawnee Commercial Property on 1.25 Acres

      High-visibility commercial property near I-40 and Highway 102.
      33598 S 45th St 1.25 Acres MOL, Shawnee, OK 74804
      View Details
    • $375,000
      2,814 SF

      Remodeled Office Building with Basement

      Remodeled office building with leasing potential and convenient location.
      20 E Dunloup Street, Shawnee, OK 74804
      View Details
    • $875,000
      8,241 SF

      Spacious Shawnee Commercial Building on Acreage

      8,241 SF commercial building on 5.75 acres in Shawnee.
      42005 Moccasin Trail, Shawnee, OK 74804
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lots in Shawnee's newest gated community, outside city limits.
    Where is this residential land & home lot located?
    The property is located at 41243 Steele Street Shawnee, OK.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Gated community offering privacy and security.; Located just outside city limits, providing a country setting with convenient access to town.; Situated in the highly‑regarded North Rock Creek School District.
    (405) 659-3307
    We can help!
    Listing Contact
    Cindy Grissom
    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
    41243 Steele Street, Shawnee, OK 74804
    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!