Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Ready For Multi-Family Development Title is generated by Realmo AI

    6 Lombardy Place, Clinton, OK 73601

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    LAND - Clinton, OK

    Lot size:
    0.30 Acres
    Added:
    Jul 21, 2023
    Days on Market:
    1032
    Last Refresh:
    May 17 at 7:06 pm

    Property Features for 6 Lombardy Place

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Multi-Family
    Standard status
    Pending
    APN
    6NONELombardy73601
    Lot size
    0.30 Acres

    We can help!

    Listing Contact
    Christy Green

    Listing agent Christy Green License #180744

    Listing office Green Real Estate LLC 207 W Main, Weatherford, OK

    Listing date Jul 21, 2023

    MLS# 1071477 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

    • Multi‑family building opportunity.
    • Located on a quiet cul‑de‑sac.
    • Potential investment for builders.
    • Flat lot, ready to build.
    • Close proximity to Acme Brick Park.
    • Potential for duplex construction.

    Overview

    This 0.3-acre lot in Clinton, OK, presents a multi-family development opportunity. Situated on a quiet cul-de-sac, the property is suitable for constructing duplexes. The flat lot is ready for building and offers potential for investors or those looking to establish a residence. The location is near Acme Brick Park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Custer
    State
    Oklahoma
    Longitude
    -98.991573
    Latitude
    35.49723

    Nearby Similar for Sale

    • $219,000
      3,600 SF

      Commercial Building with Dual Storefronts

      Well-maintained commercial property with dual storefronts and ample parking.
      416 N 4th Street, Clinton, OK 73601
      View Details
    • $169,000
      3,150 SF

      Turnkey Multifamily Investment Property

      Six fully leased studio units offering steady cash flow.
      208 N 14th Street, Clinton, OK 73601
      View Details
    • $400,000
      9,538 SF

      Redland Event Venue: Historic Theater

      Renovated event space with Airbnb suites in historic theater.
      606 Frisco Avenue, Clinton, OK 73601
      View Details
    • $688,000
      23,934 SF

      Clinton Office Building Portfolio

      Portfolio of office buildings and spaces for sale in Clinton, OK.
      70 N 31st, 80 N 31st 90 N 31st, 90BN N 31st, 90AN N 31st, 100 N. 31st , Clinton, OK 73601
      View Details
    • $125,000
      2,300 SF

      Self-Service Car Wash Opportunity

      Six-bay car wash with vacuum bays for sale.
      600 Opal Avenue, Clinton, OK 73601
      View Details
    • $197,500
      3,328 SF

      Clinton Commercial Property for Sale

      Commercial property available at a corner lot in Clinton, OK.
      1230 Frisco Avenue, Clinton, OK 73601
      View Details
    • $50,000

      Clinton Triplex: Investor Opportunity

      Three-unit property in Clinton, OK, with income potential.
      616 S 6th Street, Clinton, OK 73601
      View Details
    • $40,000

      Clinton Triplex Investment Opportunity

      Three income-producing units in Clinton, OK with strong rental potential.
      614 S 11th Street, Clinton, OK 73601
      View Details
    • $130,000
      3,056 SF

      Mixed-Use Property in Clinton, OK

      Retail space plus residential apartment with investment potential.
      914 Court Avenue, Clinton, OK 73601
      View Details
    • $130,000
      3,056 SF

      Mixed-Use Property with Retail Space

      Mixed-use property featuring retail space and residential apartment.
      914 Court Avenue, Clinton, OK 73601
      View Details
    • $1,000,000
      37,200 SF

      Clinton Warehouse Property For Sale

      37,200 square foot warehouse property in Clinton, Oklahoma.
      1001 S 7th St, Clinton, OK
      View Details
    • $12,500

      Residential Land in Clinton, OK

      Residential land for sale, ideal for building a family home.
      54 Mulberry Street, Clinton, OK 73601
      View Details

    FAQs

    What type of property is this?
    Land - Multi-family development opportunity in Clinton, OK, near Acme Brick Park.
    Where is this land located?
    The property is located at 6 Lombardy Place Clinton, OK.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Multi‑family building opportunity.; Located on a quiet cul‑de‑sac.; Potential investment for builders.
    (580) 302-3210
    We can help!
    Listing Contact
    Christy Green
    Real Estate License ID: 180744
    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
    6 Lombardy Place, Clinton, OK 73601
    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!