Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Shop/Garage on 1.5 Acres Title is generated by Realmo AI

    62083 E 336 Ln, Grove, OK 74344

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Shop/Garage on 1.5 acres with utilities available.

    Type:Industrial, Mixed Use, Self Storage
    Property size:
    1,800 SF
    Lot size:
    1.50 Acres
    Price / SF:
    $48/SF
    Added:
    Oct 25, 2023
    Days on Market:
    932
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 62083 E 336 Ln

    General Information

    Standard status
    Active
    Size
    1,800 SF
    Lot size
    1.50 Acres
    Property subtype
    Industrial, Mixed Use, Self Storage

    Building Details

    Year Built
    2001

    We can help!

    Listing Contact
    Menard Group
    Menard Group

    Listing agent Menard Group License #204029

    Listing office Keller Williams Realty Grand Lake

    Listing date Oct 25, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Grand Lake

    HighLights

    • 1.5 acre property offers ample space
    • 1800 sq ft shop/garage, perfect for projects or storage
    • Electric and natural gas available
    • Private and peaceful setting
    • Located off Hwy 59 South
    • Built in 2001

    Overview

    This property features a shop/garage situated on 1.5 acres. The shop provides 1800 square feet of space. Electric and natural gas utilities are available on the property. The location is off Highway 59 South, offering a peaceful and private setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom Storage Facility (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Plumbing Service Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grove
    County
    Delaware
    State
    Oklahoma
    Longitude
    -94.772626
    Latitude
    36.532731

    Nearby Similar for Sale

    • $899,000
      11,400 SF

      Highway 59 Commercial Opportunity

      Versatile commercial building on 2.1 acres with highway frontage.
      9640 Hwy 59, Grove, OK 74344
      View Details
    • $879,200
      3,804 SF

      Luxury Office Building with Lake Views

      Newly renovated office building with lake views and premium finishes.
      2330 S Main Street, Grove, OK 74344
      View Details
    • $475,000
      4,000 SF

      Versatile Commercial Property Near Highway

      4,000+/- sqft commercial property with office and insulated shop.
      64050 E 290 Road, Grove, OK 74344
      View Details
    • $345,000
      1,740 SF

      Commercial Property on Highway 59

      Commercial property with high-visibility frontage and drive-thru.
      310 E 3rd Street, Grove, OK 74344
      View Details
    • $945,000
      15,302 SF

      Waterfront Property on Wolf Creek

      3-acre waterfront property with redevelopment potential on Wolf Creek.
      1511 98th Street NW, Grove, OK 74344
      View Details
    • $699,000
      2,464 SF

      Prime Commercial Building in Grove

      Turn-key commercial building suitable for office, medical, or retail.
      700 S Main Street, Grove, OK 74344
      View Details
    • $450,000
      4,590 SF

      Grove OK Mini Storage Facility

      High-visibility mini storage facility with expansion potential near Grand Lake.
      Grove, OK 74344
      View Details
    • $479,900

      Grove Commercial Lot on Main

      1.7 acre commercial lot on Main Street in Grove, OK.
      S Main Street, Grove, OK 74344
      View Details
    • $194,000
      2,564 SF

      Commercial Property in Grove, Oklahoma

      Bar/Restaurant/Retail property on almost an acre in Grove, OK.
      26601 S 655 Road, Grove, OK 74344
      View Details
    • $425,000

      Grove, OK - Highway Frontage

      4.5 acres with highway frontage near downtown and boat ramp.
      5530 US-59, Grove, OK 74344
      View Details
    • $350,000
      5,288 SF

      Commercial Property with Highway Frontage

      Commercial property featuring highway frontage, multiple buildings, and versatile spaces.
      6819 U.S. 59, Grove, OK 74344
      View Details
    • $175,000

      Commercial Land on High-Traffic Highway

      Cleared commercial lot with high visibility in Grove, OK.
      Hwy 59 N, Grove, OK 74344
      View Details

    FAQs

    What type of property is this?
    Flex space - Shop/Garage on 1.5 acres with utilities available.
    Where is this flex space located?
    The property is located at 62083 E 336 Ln Grove, OK.
    What is the asking price?
    The asking price for this property is $87,000.
    What are key features of this property?
    This property features: 1.5 acre property offers ample space; 1800 sq ft shop/garage, perfect for projects or storage; Electric and natural gas available
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Menard Group
    Menard Group
    Real Estate License ID: 204029
    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
    62083 E 336 Ln, Grove, OK 74344
    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!