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    411 Covell Rd Edmond, OK 73034

    For Sale
    $2,917,879

    High-traffic corner, 3 tracts available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial land offering presents a unique investment opportunity in Edmond, Oklahoma. Situated on the northeast corner of Broadway and Covell Road, this property comprises three separate tracts totaling between 1.2 and 2.3 acres. The asking price is $2,917,879, with land value ranging from $8 to $21 per square foot. The location benefits from high visibility and accessibility, being situated near Edmond North High School, Pizza Hut, Phillips 66, and Sonic. Its proximity to I-35, Lowe's, and the Golf Club of Edmond further enhances its appeal. The City of Edmond has recently completed improvements to this intersection, including plans to widen Covell Road to a four-lane divided roadway, complete with left-turn lanes, street lighting, multi-use/bike paths, and landscaping. Covell Road is rapidly becoming a major east-west thoroughfare in Edmond, and this location is strategically positioned at one of two intersections on Covell and Broadway unimpeded by north-south train lines. Water access is available on Covell Road, and sewer lines are located approximately 300 feet east of the property. This property is ideal for a variety of commercial developments, capitalizing on its prime location and the ongoing infrastructure improvements in the area.

    Property Features for 411 Covell Rd

    General Information

    Property type
    Land
    Lot Size
    52,272 SF

    HighLights

    • Exceptional 1.2‑2.3 acre commercial land assemblage in Edmond, OK, at the high‑traffic corner of Broadway and Covell Road.
    • Prime location near Edmond North High School, Pizza Hut, Phillips 66, and Sonic.
    • Excellent access to I‑35, Lowe's, and the Golf Club of Edmond.
    • Water available on Covell Road; sewer approximately 300 feet east.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4743451
    Latitude
    35.6825455

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    FAQs

    What type of property is this?
    Land - High-traffic corner, 3 tracts available.
    Where is this land located?
    The property is located at 411 Covell Rd Edmond, OK.
    What is the asking price?
    The asking price for this property is $2,917,879.
    What are key features of this property?
    This property features: Exceptional 1.2-2.3 acre commercial land assemblage in Edmond, OK, at the high-traffic corner of Broadway and Covell Road.; Prime location near Edmond North High School, Pizza Hut, Phillips 66, and Sonic.; Excellent access to I-35, Lowe's, and the Golf Club of Edmond.
    Request Owner's contact information
    411 Covell Rd Edmond, OK 73034
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    Edmond, OK 73034
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    Realmo Value Estimation

    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.

    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.

    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
    411 Covell Rd Edmond, OK 73034
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