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    277 Elgin Elgin, OK 73538

    For Sale
    $225,000

    Prime agricultural land, I-44 access. Water meter included.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 4.5-acre parcel of agricultural land is strategically located just off I-44 on US Highway 277 in the rapidly expanding town of Elgin, Oklahoma. The property is zoned AG, but rezoning is possible upon request. A significant advantage is the pre-installed water meter, saving time and expense for future development. The convenient location provides easy access to the interstate, making it highly attractive for various uses. The area boasts a thriving commercial environment, with nearby businesses including GNG Storage, Arvest Bank, Subway, and Sonic Drive-in, indicating a strong and growing local economy. The asking price is $225,000, translating to a land value of $1.15 per square foot. This presents a compelling opportunity for investors seeking land with high growth potential in a desirable location. The property's proximity to I-44 and established businesses makes it an ideal site for a variety of commercial or agricultural ventures. Serious inquiries are encouraged. The property is situated in Elgin, Oklahoma, zip code 73538.

    Property Features for 277 Elgin

    General Information

    Property type
    Farms
    Lot Size
    196,020 SF

    HighLights

    • 4.5‑acre land parcel for sale near I‑44 and US 277.
    • Existing water meter on site.
    • Convenient interstate access; currently zoned agricultural, rezoning possible.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elgin
    County
    Elgin
    State
    Oklahoma
    Longitude
    -98.292273
    Latitude
    34.7803469

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      Prime Elgin Commercial Land

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    Nearby Similar for Sale

    • $2,000,000
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      Operating Gas Station with Drive-Thru

      Fully operational gas station with drive-thru, beer cave, and kitchen.
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    • $350,000

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    • $4,310,000
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      Elgin Square Shopping Center

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    FAQs

    What type of property is this?
    Farm - Prime agricultural land, I-44 access. Water meter included.
    Where is this farm located?
    The property is located at 277 Elgin Elgin, OK.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 4.5-acre land parcel for sale near I-44 and US 277.; Existing water meter on site.; Convenient interstate access; currently zoned agricultural, rezoning possible.
    Request Owner's contact information
    277 Elgin Elgin, OK 73538
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    Elgin, OK 73538
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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
    277 Elgin Elgin, OK 73538
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