Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2995 Council Rd Bethany, OK 73008

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.52 Acres, High-Traffic Corner Lot

    Property Features for 2995 Council Rd

    General Information

    Property type
    Land
    Lot Size
    109,771 SF

    We can help!

    Listing Contact
    Jerry Hocker

    Listing Agent: Jerry Hocker

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

    Learn more

    Overview

    This exceptional 2.52-acre commercial land parcel presents a remarkable investment opportunity in Bethany, Oklahoma. Located at the hard corner of N. Council Road and NW 30th Street, this property boasts unparalleled visibility and accessibility. The lot features impressive dimensions of 389 feet by 330 feet, providing ample space for development. Its excellent topography and completely paved surface simplify construction and site preparation. The property benefits from existing utilities and enjoys a strategic location with easy interstate access. High traffic counts contribute to significant exposure: N. Council Road sees 15,750 vehicles daily (2015 Crexi data), while NW 30th Street registers 1,800 vehicles daily (2017 Crexi data). The area also offers a substantial number of nearby businesses and residences. The site's potential is further enhanced by the capacity for approximately 225 surface parking spaces. This prime location and substantial lot size make this property ideal for a variety of commercial ventures. The asking price is $460,000. The property's zip code is 73008, and it's situated in Oklahoma County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethany
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.65430620063
    Latitude
    35.500302216231

    Nearby Similar for Sale

    • New
      $349,900
      3,300 SF

      Bethany Flex Space Opportunity

      Value-add commercial property with modernization and repositioning potential.
      7505 NW 23Rd St, Bethany, OK 73008
      View Details
    • $890,000
      9,000 SF

      Route 66 Retail Opportunity

      Commercial retail space on Route 66, ready for business.
      7820 NW 39Th Expy, Bethany, OK 73008
      View Details
    • Contact for pricing
      1,000 SF

      Bethany Retail or Office Space

      Freestanding building in historic Bethany, ideal for retail or office.
      7106 NW 39Th Expy, Bethany, OK 73008
      View Details
    • $1,500,000
      3,924 SF

      Commercial Building on NW 39th

      Well-located commercial building on high-traffic corridor in Oklahoma City.
      7145 NW 39Th Expy, Bethany, OK 73008
      View Details
    • $500,000
      Pending

      Bethany Multifamily Investment Opportunity

      Seven units on over two acres near NW Expressway.
      7009 NW 58Th St, Bethany, OK 73008
      View Details
    • $1,650,000
      31,653 SF

      Bethany Office Buildings Near Airpark

      Five-building commercial property near Wiley Post Air Park.
      7012 NW 63Rd St, Bethany, OK 73008
      View Details
    • $1,250,000
      4,598 SF

      Bethany Commercial Building on Rockwell Avenue

      Commercial building in Bethany, OK with recent renovations and prime location.
      3230 North Rockwell Ave, Bethany, OK 73008
      View Details
    • $325,000
      2,530 SF

      Bethany Retail Property on Route 66

      Retail property in historic downtown Bethany, near Southern Nazarene University.
      6732 Northwest 39Th Expy, Bethany, OK 73008
      View Details
    • $1,475,000
      5,400 SF

      Bethany Multi-Unit Residential Suites

      Three residential suites in a quiet, urban Bethany location.
      3817 North Asbury Ave, Bethany, OK 73008
      View Details
    • $1,203,000

      Former Grocery/Retail Opportunity

      Former grocery/retail space available for sale.
      7201 NW 23Rd St, Bethany, OK 73008
      View Details
    • Contact for pricing
      7,200 SF

      Bethany Office Building For Sale

      7,200 SF office building in Bethany, Oklahoma.
      6636 NW 39Th Expy, Bethany, OK 73008
      View Details
    • Contact for pricing
      3,250 SF

      Remodeled Retail Center For Sale

      Recently remodeled retail center in a high-traffic Bethany location.
      6530-6534 NW 36Th St, Bethany, OK 73008
      View Details

    FAQs

    What type of property is this?
    Land - 2.52 Acres, High-Traffic Corner Lot
    Where is this land located?
    The property is located at 2995 Council Rd Bethany, OK.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: $460,000 asking price.; 2.52-acre commercial land parcel.; High-traffic corner lot with excellent visibility and easy interstate access.
    (405) 721-4250 Call to check price and availability
    Request Owner's contact information
    2995 Council Rd Bethany, OK 73008
    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.
    2995 Council Rd
    Bethany, OK 73008
    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
    2995 Council Rd Bethany, OK 73008
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jerry Hocker
    (405) 721-4250 (405) 840-4545 (405) 641-4888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!