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    The Largest CRE Database in the US with Over 1 Million Listings

    12212 135 Ave Collinsville, OK 74021

    Sponsored
    For Sale
    $1,676,400

    3.21 Acres, Owasso Growth Area, High Demand

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional 3.21-acre farm in Collinsville, Oklahoma, presents a remarkable investment opportunity. Located at 12212 N 135th E Ave, Tulsa County, zip code 74021 (36.3314845, -95.8237434), this property is ideally situated within a rapidly expanding area. The strategic location, bordering Owasso's northern growth trajectory, makes it exceptionally well-suited for a diverse range of commercial developments. Consider the potential for medical facilities, retail establishments (including convenience stores, restaurants, and fast-food outlets), hospitality ventures (hotels), places of worship, and more. The recent construction of a new elementary school nearby further underscores the area's burgeoning residential growth and its associated demand for supporting commercial infrastructure. This property's asking price is $1,676,400. The seller is open to discussing the possibility of acquiring additional acreage for larger-scale projects, should the buyer require a more extensive land parcel. This is a rare chance to secure a prime piece of land in a high-growth area with significant future potential. Don't miss this opportunity to capitalize on Owasso's northward expansion.

    Property Features for 12212 135 Ave

    General Information

    Property type
    Farms
    Lot Size
    139,828 SF

    We can help!

    Listing Contact
    Kay Sullivan
    Kay Sullivan

    Learn more

    HighLights

    • $1,676,400 asking price.
    • 3.21‑acre farm in Collinsville, OK.
    • Located at 12212 N 135th E Ave, Tulsa County, OK 74021.
    • Excellent development opportunity near Owasso's growth area.
    • Suitable for various commercial uses including medical, retail, and hospitality.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8237434
    Latitude
    36.3314845

    Nearby Comparable

    • $1,622,240

      Prime Land in Growing Owasso

      Land suitable for various commercial developments in a growing area.
      13308 E 122Nd St N, Collinsville, OK 74021
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    • $1,677,924
      3.21 Acres

      Collinsville Farm - Prime Development Land

      3.21 Acres, Owasso Growth Area, High Demand
      13420 122Nd St, Collinsville, OK 74021
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    • New
      $1,677,924
      3.21 Acres

      Collinsville Land Ready For Development

      Prime 3.21-acre land parcel suitable for various commercial developments.
      13420 E 122Nd St N, Collinsville, OK 74021
      View Details
    • New
      $1,677,924
      3.21 Acres

      Collinsville Land Ready For Development

      Prime 3.21-acre land parcel in Collinsville, OK, for development.
      13510 E 122Nd St N, Collinsville, OK 74021
      View Details
    • $1,071,576
      2.05 Acres

      Collinsville Farm - Prime Development Land

      2.05 Acres, Owasso Growth Area
      12403 135 Ave, Collinsville, OK 74021
      View Details
    • New
      $1,700,000
      3.21 Acres

      Highway Frontage Commercial Lot

      High-visibility commercial lot with highway frontage and development potential.
      13802 E 122Nd St N, Collinsville, OK 74021
      View Details
    • New
      $1,700,000
      3.21 Acres

      Highway Frontage Commercial Lot

      Highly visible commercial land with significant highway frontage and development potential.
      13812 E 122Nd St N, Collinsville, OK 74021
      View Details
    • New
      $1,700,000
      3.21 Acres

      Highway Frontage Commercial Lot

      High-visibility commercial lot with highway frontage and development potential.
      13812 E 122Nd St N, Collinsville, OK 74021
      View Details
    • $1,275,000
      3.40 Acres

      Collinsville Commercial Land Opportunity

      3.4 Acres, High-Traffic Location, Development Ready
      12711 135 Ave, Collinsville, OK 74021
      View Details
    • $1,483,100
      3.41 Acres

      Collinsville Commercial Land Opportunity

      3.4 Acres, High-Traffic Location
      12711 135 Ave, Collinsville, OK 74021
      View Details

    Nearby Similar for Sale

    • New
      $420,000
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      Collinsville Mixed-Use Property For Sale

      Two buildings with ample parking on Main Street in Collinsville.
      1501 W Main St, Collinsville, OK 74021
      View Details
    • $1,990,000
      7.53 Acres

      Collinsville Commercial Land Investment

      7.53 Acres, Prime Owasso Location
      12525 116Th St, Collinsville, OK 74021
      View Details

    FAQs

    What type of property is this?
    Farm - 3.21 Acres, Owasso Growth Area, High Demand
    Where is this farm located?
    The property is located at 12212 135 Ave Collinsville, OK.
    What is the asking price?
    The asking price for this property is $1,676,400.
    What are key features of this property?
    This property features: $1,676,400 asking price.; 3.21-acre farm in Collinsville, OK.; Located at 12212 N 135th E Ave, Tulsa County, OK 74021.
    Request Owner's contact information
    12212 135 Ave Collinsville, OK 74021
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    Collinsville, OK 74021
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    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
    12212 135 Ave Collinsville, OK 74021
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    We can help!
    Listing Contact
    Kay Sullivan
    Kay Sullivan
    Real Estate License ID: OK 170810
    Learn more
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