Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot in Owasso, OK Title is generated by Realmo AI

    7319 N 119th East Avenue, Owasso, OK 74055

    View on Map
    Claim this Listing
    For Sale
    $79,900

    LAND - Owasso, OK

    Lot size:
    0.91 Acres
    Added:
    May 8, 2026
    Days on Market:
    23
    Last Refresh:
    May 30 at 4:06 am

    Property Features for 7319 N 119th East Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RE
    Standard status
    Active
    APN
    91432-14-32-25300
    Lot size
    0.91 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    BEG 1348.91S & 218.37W NEC NW TH S299.79 W132 N299.82 E132 POB SEC 32 21 14 0.909 ACS
    Tax Annual Amount
    1116

    We can help!

    Listing Contact
    Lori Oller
    Lori Oller

    Listing agent Lori Oller License #139924

    Listing office RE/MAX Results 10306 N 138th E Ave, #101, Owasso, OK

    Listing date May 8, 2026

    MLS# 2616879 Listing URL

    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

    • 0.91 Acre Residential Lot
    • Close proximity to town
    • Enjoy a rural, country‑like feel
    • Aerobic Sewer System in place
    • Rural water available
    • Gas available

    Overview

    This 0.91-acre residential lot is located in Owasso, OK. The property offers a blend of accessibility to town amenities and a rural atmosphere. Aerobic sewer utilities are present. Rural water and gas are available at the corner of 119th East Avenue and 74th St N; buyers should verify all information regarding utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Owasso
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.84021
    Latitude
    36.259895

    Nearby Similar for Sale

    • $530,000
      1,900 SF

      Highway Frontage Commercial Building

      Move-in ready building with expansion and development potential.
      17983 E 116th Street N, Owasso, OK 74055
      View Details
    • $950,000

      Prime Development Land with Ponds

      12+ acres in Owasso, OK, with residential and commercial potential.
      11408 N 129th E Avenue, Other OK, OK 74055
      View Details
    • $1,800,000

      Prime Commercial Land Opportunity

      4.2 acres of commercial land in Owasso, Oklahoma.
      10524 N 129th East Avenue, Owasso, OK 74055
      View Details
    • $700,000

      Prime Land in Owasso, OK

      Highly visible land parcel in a rapidly growing area.
      8021 E 86th Street North N, Owasso, OK 74055
      View Details
    • $470,000

      Owasso Commercial Land For Sale

      Commercial-zoned land near retail corridor in Owasso, Oklahoma.
      9930 N Garnett Road, Owasso, OK 74055
      View Details
    • $475,000

      Owasso Mixed-Use Development Opportunity

      1.93 acre property with development potential in Owasso, OK.
      13601 East 96th Street North, Owasso, OK 74055
      View Details
    • $485,000

      Land in Gated Community

      1.49 acre homesite in The Bluffs IV at Stone Canyon.
      17702 E Falcon Pass, Owasso, OK 74055
      View Details
    • $515,000

      Land in Gated Stone Canyon

      2.1 acre wooded lot in prestigious gated community.
      17686 E Falcon Pass, Owasso, OK 74055
      View Details
    • $350,000

      Commercial Land Near St John's

      Commercial land for sale near St John's Hospital.
      12805 E 101st Place North, Owasso, OK 74055
      View Details
    • $249,900
      2,800 SF

      Commercial Land in Owasso, OK

      Turn-key commercial property with approved building plans on over an acre.
      11759 N Garnett Road, Owasso, OK 74055
      View Details
    • $1,499,999

      Owasso Land Development Opportunity

      Prime land near sports complex, medical facilities, and retail.
      E 106th Street, Owasso, OK 74055
      View Details
    • $530,000

      Highway Frontage Mixed-Use Building

      New mixed-use building with highway frontage, expansion potential.
      17983 East 116th Street North, Owasso, OK 74055
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.91 acre residential lot near Owasso with available utilities.
    Where is this residential land & home lot located?
    The property is located at 7319 N 119th East Avenue Owasso, OK.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: 0.91 Acre Residential Lot; Close proximity to town; Enjoy a rural, country‑like feel
    (918) 637-3871
    We can help!
    Listing Contact
    Lori Oller
    Lori Oller
    Real Estate License ID: 139924
    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
    7319 N 119th East Avenue, Owasso, OK 74055
    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!