Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Cleared Commercial Lot in Okmulgee Title is generated by Realmo AI

    727 E 21st Street, Okmulgee, OK 74447

    View on Map
    Claim this Listing
    For Sale
    $149,500

    COMMERCIAL - Okmulgee, OK

    Lot size:
    0.52 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    96
    Last Refresh:
    May 27 at 2:06 am

    Property Features for 727 E 21st Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COM
    Standard status
    Active
    Lot size
    0.52 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    HIGHLAND HTS OKM LTS 33 TO & INCL 39 BLK 1 AND HIGHLAND HTS OKM LTS 29 TO & INCL 32 BLK 1
    Tax Annual Amount
    184

    We can help!

    Listing Contact
    Jamie Goodnight
    Jamie Goodnight

    Listing agent Jamie Goodnight License #159613

    Listing office Keller Williams Advantage 12133 S Yukon Ave, #100, Tulsa, OK

    Listing date Feb 20, 2026

    MLS# 2605696

    Copyright © 2026 MLS Technology, 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

    • Prime commercial lot just off the intersection of Hwy 75 and Hwy 62
    • Cleared and build‑ready, reducing upfront site preparation costs
    • Excellent visibility and accessibility with strong traffic exposure
    • Located approximately 200 feet from a stoplight for convenient access
    • Ideal for retail, office, service‑based businesses, or investment development
    • Positioned 40 minutes from Tulsa

    Overview

    This commercial lot, located just off the intersection of Hwy 75 and Hwy 62 in Okmulgee, OK, presents a prime development opportunity. The cleared lot measures 130 x 275 and is ready for construction. Its location approximately 200 feet from a stoplight ensures convenient access and strong traffic exposure. Situated about 40 minutes from Tulsa, the property is suitable for retail, office, service-based businesses, or investment development. The site benefits from regional growth trends while maintaining small-market accessibility and lower initial costs. The build-ready condition of the cleared lot helps reduce upfront site preparation expenses, enabling investors or developers to proceed quickly and maximize potential returns. The property offers high growth potential and easy highway access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Okmulgee
    County
    Okmulgee
    State
    Oklahoma
    Longitude
    -95.962949
    Latitude
    35.609356

    Nearby Similar for Sale

    • $595,000
      6,000 SF

      Versatile Commercial Space in Okmulgee

      Adaptable commercial property suitable for various business ventures.
      4201 N Wood Drive, Okmulgee, OK 74447
      View Details
    • $189,000
      5,343 SF

      Historic Downtown Commercial Property

      Two-story commercial building in Okmulgee's historic corridor.
      220 S Morton Avenue, Okmulgee, OK 74447
      View Details
    • $185,900
      2,624 SF

      Versatile Commercial Building with Income Potential

      Flexible office space suitable for various ventures with income potential.
      115 S Muskogee Avenue, Okmulgee, OK 74447
      View Details
    • $375,000
      2,400 SF

      Okmulgee Commercial Property on Highway

      Commercial property with highway frontage and potential for expansion.
      1307 N Wood Drive, Okmulgee, OK 74447
      View Details
    • $195,000
      2,280 SF

      Okmulgee Commercial Event Center

      Versatile commercial building suitable for event center or industrial use.
      903 S Sioux Street, Okmulgee, OK 74447
      View Details
    • $387,200
      5,000 SF

      Okmulgee Warehouse with Living Quarters

      5,000 SF warehouse with living quarters on high-traffic frontage.
      500 N Wood Drive, Okmulgee, OK 74447
      View Details
    • $320,000
      1,984 SF

      Okmulgee Commercial Medical Office Building

      Former dental office near Highway 75, suitable for medical practice.
      1015 E 6th Street, Okmulgee, OK 74447
      View Details
    • $174,900
      5,000 SF

      Functional Sheet Metal Shop

      Fully functional sheet metal shop in Okmulgee, Oklahoma.
      311 E 5th Street, Okmulgee, OK 74447
      View Details
    • $179,500

      Okmulgee Land with Barn & Shop

      2.18 acres with barn and shop near Okmulgee, OK.
      Prairie Bell Road, Okmulgee, OK 74447
      View Details
    • $455,000
      1,416 SF

      Highway 75 Mixed-Use Investment Opportunity

      Six-parcel commercial corner with redevelopment potential in high-traffic area.
      419 N Wood Drive, Okmulgee, OK 74447
      View Details
    • $399,000
      4,388 SF

      Okmulgee Investment Property Portfolio

      Three properties, including a 12-unit apartment building, in Okmulgee.
      320 S Morton Avenue, Okmulgee, OK 74447
      View Details
    • $120,000

      Prime Commercial Lot on Highway

      Commercial lot on Hwy 75 with high visibility.
      820 S Wood Drive, Okmulgee, OK 74447
      View Details

    FAQs

    What type of property is this?
    Commercial land - Development-ready commercial lot with excellent visibility and highway access.
    Where is this commercial land located?
    The property is located at 727 E 21st Street Okmulgee, OK.
    What is the asking price?
    The asking price for this property is $149,500.
    What are key features of this property?
    This property features: Prime commercial lot just off the intersection of Hwy 75 and Hwy 62; Cleared and build‑ready, reducing upfront site preparation costs; Excellent visibility and accessibility with strong traffic exposure
    (918) 712-2252
    We can help!
    Listing Contact
    Jamie Goodnight
    Jamie Goodnight
    Real Estate License ID: 159613
    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
    727 E 21st Street, Okmulgee, OK 74447
    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!