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

    621 N 2nd Street, Purcell, OK 73080

    View on Map
    Claim this Listing
    Picture of Land at 621 N 2nd Street, Purcell, OK
    Pending
    $58,500

    LAND - Purcell, OK

    Lot size:
    1.01 Acres
    Added:
    Jun 24, 2024
    Days on Market:
    710
    Last Refresh:
    Jun 3 at 12:06 am

    Property Features for 621 N 2nd Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Pending
    APN
    621N2nd73080
    Lot size
    1.01 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Ronnie Maynard

    Listing agent Ronnie Maynard License #81831

    Listing office CB/Heart of Oklahoma 1726 N Green Ave, Purcell, OK

    Listing date Jun 24, 2024

    MLS# 1122307 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

    • Great opportunity for builders to develop affordable housing.
    • Potential to build up to 6 small houses.
    • Includes six tracts (A, B, C, D, E & F).
    • Located on a corner lot (Jackson and N 2nd).
    • One water tap already installed.
    • One sewer tap already installed.

    Overview

    This residential land, identified as Lots 3 & 4 Block 57, is located on the corner of Jackson and N 2nd in Purcell, OK. The property consists of six tracts: A, B, C, D, E & F. Encompassing 1.0101 acres, the site is zoned for residential use and presents an opportunity for builders to construct up to six small, affordable houses. The property already has one water tap and one sewer tap. Additional water and sewer taps are the responsibility of the buyer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Purcell
    County
    McClain
    State
    Oklahoma
    Longitude
    -97.360738
    Latitude
    35.019881

    Nearby Similar for Sale

    • $765,000

      Purcell, OK Land For Sale

      8 acres of commercial land with development potential in Purcell.
      19946 State Highway 39, Purcell, OK 73080
      View Details
    • $210,000
      1,143 SF

      Commercial Land in Growing Purcell

      Commercial lot on Green Avenue, ideal for compact development.
      1614 S Green Avenue, Purcell, OK 73080
      View Details
    • $186,000

      Purcell Land with Shop

      2.5 acres with shop, living quarters, and RV hookup.
      18304 Johnson Avenue, Purcell, OK 73080
      View Details
    • $269,900

      22.82 Acres in Purcell, OK

      22.82 acre parcel with partial fencing and good grass.
      Western Avenue, Purcell, OK 73080
      View Details
    • $125,000

      5-Acre Land Parcel in Purcell

      5-acre property near I-35, ideal for building your dream home.
      Johnson Avenue, Purcell, OK 73080
      View Details
    • $199,900

      Land with Pond and Utilities

      Almost 8 acres with utilities, pond, and cinder-block building.
      19520 Crestview Road, Purcell, OK 73080
      View Details
    • $130,000

      Residential Land in Purcell, OK

      5.45 acres in Washington school district with water meter.
      Bryant Avenue, Purcell, OK 73080
      View Details
    • $184,900
      900 SF

      Highway Frontage Commercial Building

      Versatile commercial building with highway visibility and ample parking.
      26229 180th Street, Purcell, OK 73080
      View Details
    • $49,500

      Residential Lot in Gated Community

      Half-acre treed lot in The Cliffs, Purcell, Oklahoma.
      Eagles Nest, Purcell, OK 73080
      View Details
    • $58,500

      Corner Lot Land For Sale

      Corner lot land available for sale.
      621 N 2nd Street, Purcell, OK 73080
      View Details
    • $98,999

      Residential Land in Everlee Estates

      3.12-acre lot in Everlee Estates, Purcell, OK. No HOA.
      40 201st ( LOT 9) Street, Purcell, OK 73080
      View Details
    • $50,000

      Residential Lot in Purcell, OK

      1.5-acre residential lot with utilities in Washington School District.
      20309 Lampkin Trail, Purcell, OK 73080
      View Details

    FAQs

    What type of property is this?
    Land - Residential land suitable for building multiple affordable houses.
    Where is this land located?
    The property is located at 621 N 2nd Street Purcell, OK.
    What is the asking price?
    The asking price for this property is $58,500.
    What are key features of this property?
    This property features: Great opportunity for builders to develop affordable housing.; Potential to build up to 6 small houses.; Includes six tracts (A, B, C, D, E & F).
    (405) 527-3012
    We can help!
    Listing Contact
    Ronnie Maynard
    Real Estate License ID: 81831
    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
    621 N 2nd Street, Purcell, OK 73080
    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!