Sign Up Successful!
You now have access to more from Realmo!
    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

    18320 23Rd St Harrah, OK 73045

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    8.4 Acres, High Visibility, Turnpike Access

    Property Features for 18320 23Rd St

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Clinton Lawson

    Listing Agency: Pioneer Realty Listing Agent: Clinton Lawson

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 8.4-acre parcel presents a remarkable commercial development opportunity in Harrah, Oklahoma. Located at 18320 NE 23rd Street, this property boasts over 350 feet of road frontage along a four-lane highway, ensuring high visibility and accessibility for any commercial venture. Its strategic location offers convenient access to the Turnpike, providing excellent connectivity for customers and employees. The zoning allows for a wide range of commercial uses, making it ideal for a variety of developments, including but not limited to strip malls, gas stations, or other businesses seeking a high-traffic location. The expansive acreage provides ample space for large-scale projects, while the prime location ensures significant potential for return on investment. The property is priced at $990,000 and is ready for immediate development. Detailed site plans and surveys are available upon request. This is a rare opportunity to acquire a substantial commercial land parcel in a rapidly growing area. Don't miss out on this chance to secure a prime location for your next commercial project. Contact us today to schedule a viewing and explore the possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jeneyco Inc Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrah
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.2075284
    Latitude
    35.4923113

    Nearby Similar for Sale

    • $1,314,717
      4,515 SF

      McDonald's Restaurant with Drive-Thru

      McDonald's restaurant for sale with drive-thru and lease in place.
      3115 S Harrah Rd, Harrah, OK 73045
      View Details
    • $232,000
      2.00 Acres

      Harrah Commercial Corner Lot

      Prime 2-acre lot near Kickapoo Turnpike
      000 23Rd St, Harrah, OK 73020
      View Details
    • $1,200,000
      2,593 SF

      Harrah Road Commercial Property

      9.31 Acres, 2,593 sq ft Building
      485 Harrah Rd, Harrah, OK 73045
      View Details
    • $249,900
      1.99 Acres

      Harrah Commercial Corner Lot

      Prime 1.99-acre lot near Kickapoo Turnpike.
      000 23Rd St, Harrah, OK 73020
      View Details
    • $229,000
      4,000 SF

      Harrah Industrial Shop - 5.7 Acres

      Spacious shop, ready for your business. Almost 6 acres, 4000 sq ft.
      21200 29Th St, Harrah, OK 73045
      View Details
    • $149,900
      4,000 SF

      Harrah Warehouse & Acreage Opportunity

      Spacious warehouse, 2.5 acres, owner financing.
      Oak Rd, Harrah, OK 73045
      View Details
    • $65,000
      0.30 Acres

      Harrah Commercial Land - 3 Lots Available

      Prime Commercial Lots near Turnpike
      000 Private Rd, Harrah, OK 73045
      View Details
    • $65,000
      0.30 Acres

      Harrah Commercial Land - 3 Lots Available

      Developed land, city utilities, near turnpike.
      000 Private Rd, Harrah, OK 73045
      View Details

    FAQs

    What type of property is this?
    Land - 8.4 Acres, High Visibility, Turnpike Access
    Where is this land located?
    The property is located at 18320 23Rd St Harrah, OK.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: 8.4-acre commercial development site in Harrah, OK.; Over 350 feet of four-lane highway frontage.; Convenient Turnpike access.
    (405) 923-3018 Call to check price and availability
    Request Owner's contact information
    18320 23Rd St Harrah, OK 73045
    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.
    18320 23Rd St
    Harrah, OK 73045
    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
    18320 23Rd St Harrah, OK 73045
    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
    Clinton Lawson
    Real Estate License ID: 173415
    (405) 923-3018 (863) 709-5643
    Learn more
    Google sign-in failed. Please try again or use another login method.