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

    1430 Piedmont Rd Yukon, OK 73099

    Sponsored
    For Sale
    $958,320

    4.4 Acres, Prime Yukon Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    Exceptional 4.4-acre commercial land parcel in Yukon, Oklahoma, zoned PUD, presents a remarkable opportunity for senior living development. Priced at $958,320 ($5/sq ft land value), this nearly flat, largely cleared lot boasts excellent road access from Piedmont Road N and is ideally situated across from Piedmont Community Park. The property benefits from existing city utilities and is surrounded by a thriving community. Over 300 homes are either under construction or recently completed directly behind the site, ensuring a robust potential resident base. Nearby amenities include a diverse range of businesses, such as a dry cleaner, nail salon, various restaurants, a gym, Dollar General, vision center, and pharmacy, providing convenience for future residents. Access is easily gained by turning right onto Gooder Simpson Blvd from Piedmont Road N; the land is located on the north side of Gooder Simpson Blvd, adjacent to the West View Church of Christ. This location offers significant growth potential within a rapidly expanding area with a clear demand for senior living facilities. The property's strategic location and surrounding infrastructure make it an attractive investment for developers seeking to capitalize on the burgeoning Yukon market.

    Property Features for 1430 Piedmont Rd

    General Information

    Property type
    Retirement homes
    Lot Size
    191,664 SF

    We can help!

    Listing Contact
    Anna Fresonke
    Anna Fresonke

    Learn more

    Property Insight Report

    HighLights

    • $958,320 asking price for 4.4 acres of commercial land zoned PUD.
    • Located in Yukon, OK, at 1430 Piedmont Rd N, 73099.
    • Land value: $5/SF.
    • Suitable for senior living development; adjacent to amenities and new residential construction.
    • City utilities available; relatively flat and cleared lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Clothing Store Gym & Fitness Department Store Kitchen & Bath Accounting Firm Discount Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Yukon
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.74238
    Latitude
    35.65141

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    FAQs

    What type of property is this?
    Retirement home - 4.4 Acres, Prime Yukon Location
    Where is this retirement home located?
    The property is located at 1430 Piedmont Rd Yukon, OK.
    What is the asking price?
    The asking price for this property is $958,320.
    What are key features of this property?
    This property features: $958,320 asking price for 4.4 acres of commercial land zoned PUD.; Located in Yukon, OK, at 1430 Piedmont Rd N, 73099.; Land value: $5/SF.
    Request Owner's contact information
    1430 Piedmont Rd Yukon, OK 73099
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    Yukon, OK 73099
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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
    1430 Piedmont Rd Yukon, OK 73099
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    We can help!
    Listing Contact
    Anna Fresonke
    Anna Fresonke
    Real Estate License ID: OK 158169
    Learn more
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