Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Former Golf Course Development Opportunity Title is generated by Realmo AI

    453579 E 965 RD, Vian, OK 74962

    View on Map
    Claim this Listing
    For Sale
    $900,000

    COMMERCIAL - Vian, OK

    Property size:
    6,006 SF
    Lot size:
    83.00 Acres
    Price / SF:
    $149/SF
    Added:
    Jan 11, 2026
    Days on Market:
    125
    Last Refresh:
    May 16 at 2:06 am

    Property Features for 453579 E 965 RD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0000-11-013-022-0-019-00
    Size
    6,006 SF
    Lot size
    83.00 Acres

    Taxes and HOA fees

    Tax Description
    See Survey
    Tax Annual Amount
    2841

    Building Details

    Year built
    1974

    We can help!

    Listing Contact
    Aaron O'Neal

    Listing agent Aaron O'Neal License #155637

    Listing office O'Neal Real Estate 505 W Fine Blvd, Roland, OK

    Listing date Jan 11, 2026

    MLS# 1086288

    Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large‑scale development opportunity on approximately 83 acres in the Lake Tenkiller area, with an option for an additional 63 acres.
    • Ideal for residential, mixed‑use, hospitality, or recreational redevelopment.
    • Substantial 6,000+ sq ft clubhouse featuring a former restaurant space and bowling alley, perfect for immediate adaptive reuse.
    • Outstanding frontage, infrastructure potential, and multiple high‑value building sites.
    • Minutes from Lake Tenkiller recreational activities.
    • Utilities nearby and existing access points enhance development feasibility.

    Overview

    This is a commercial and development opportunity located in the Lake Tenkiller area, featuring the former The Wolf Golf Course property. The site encompasses approximately 83 acres, with the option to acquire an additional 63 acres. The property offers frontage, infrastructure potential, and multiple building sites suitable for residential, mixed-use, hospitality, or recreational redevelopment. A 6,000+ sq ft clubhouse is situated on the property, featuring former restaurant space and a bowling alley. This building offers adaptive-reuse potential for events, dining, entertainment, or a community hub. The property includes rolling fairways, mature trees, open greens, and natural contours. It is positioned for master-planned neighborhoods, townhomes, estate lots, RV resorts, destination venues, retreat centers, or commercial developments, all located minutes from Lake Tenkiller. Utilities are nearby, and existing access points enhance development feasibility. The property is positioned for investors and developers seeking scale, flexibility, and long-term upside.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Wolf At Tenkiller Restaurant

    Suggested Use

    Restaurant Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Vian
    County
    Sequoyah
    State
    Oklahoma
    Longitude
    -94.943683
    Latitude
    35.617598

    Nearby Similar for Sale

    • $600,000

      Former Golf Course Development Opportunity

      63-acre development opportunity near Lake Tenkiller.
      Tract 2 N 4550 RD, Vian, OK 74962
      View Details
    • $299,950
      2,500 SF

      Restaurant Ready in Vian, OK

      2,500 Sq Ft commercial building with restaurant equipment included.
      101 N Thornton ST, Vian, OK 74962
      View Details
    • $165,000
      2,704 SF

      Highway 82 Commercial Opportunity

      Versatile 2,704 sq ft building on 0.72 acres.
      99951 Hwy 82, Vian, OK 74962
      View Details
    • $65,000

      Vian, OK Land Opportunity

      3.5 acres near Lake Tenkiller with highway frontage.
      449254 Hwy 100, Vian, OK 74962
      View Details
    • $85,000

      10 Acres Near Lake Tenkiller

      10-acre farm/ranch property near Lake Tenkiller with rustic charm.
      S 4520 Road, Vian, OK 74962
      View Details
    • $11,500

      Vian, OK Level Building Lot

      Level building lot in East Lake Hills Fairway South.
      2 S 4531 Road, Vian, OK 74962
      View Details
    • $30,000

      Land Near Lake Tenkiller

      1.33 acres near Lake Tenkiller with no restrictions.
      451440 E 990 Road, Vian, OK 74962
      View Details
    • $145,000
      2,000 SF

      Remodeled Storefront Building in Vian

      Remodeled commercial building suitable for various business ventures.
      108 S Thornton ST, Vian, OK 74962
      View Details
    • $20,000

      Land within Vian City Limits

      Half-acre property in Vian, near Lake Tenkiller and Kerr Reservoir.
      Schley, Vian, OK 74962
      View Details
    • $120,000

      Lake Tenkiller View Land

      0.82-acre lot with year-round lake views in Vian, OK.
      Tract 2 Sunset LN, Vian, OK 74962
      View Details
    • $16,500

      Land in Eastlake Hills

      Two wooded lots near Tenkiller Lake with utilities available.
      n/a N 4550 RD lot: 12 &13, Vian, OK 74962
      View Details
    • $59,900

      Land Near Lake Tenkiller, OK

      0.54-acre vacant land parcel near Lake Tenkiller in Vian, Oklahoma.
      S 4507 Road, Vian, OK 74962
      View Details

    FAQs

    What type of property is this?
    Commercial land - 83-acre former golf course near Lake Tenkiller for redevelopment.
    Where is this commercial land located?
    The property is located at 453579 E 965 RD Vian, OK.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Large‑scale development opportunity on approximately 83 acres in the Lake Tenkiller area, with an option for an additional 63 acres.; Ideal for residential, mixed‑use, hospitality, or recreational redevelopment.; Substantial 6,000+ sq ft clubhouse featuring a former restaurant space and bowling alley, perfect for immediate adaptive reuse.
    (918) 774-5743
    We can help!
    Listing Contact
    Aaron O'Neal
    Real Estate License ID: 155637
    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
    453579 E 965 RD, Vian, OK 74962
    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!