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    161 New Albany Expy Luther, OK 73054

    Sponsored
    For Sale
    Contact for pricing

    150 Acres, Prime Industrial Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 150-acre parcel is situated within the thriving New Albany International Business Park in Luther, Oklahoma. Located at the intersection of SR 161 New Albany Expressway and offering direct access to five freeway interchanges, this property presents an unparalleled opportunity for industrial development. The site is part of a larger, master-planned 4,000-acre park, strategically positioned in a high-growth area. Zoned and approved for immediate development, this shovel-ready land boasts tax abatements, making it an attractive investment. The property's location provides easy access to major transportation arteries, including I-70 and I-71, ideal for logistics and distribution. Benefit from a robust labor pool and attractive amenities, with a population of one million people within a 15-mile radius. This is a rare chance to acquire a significant land holding in a dynamic and rapidly expanding industrial submarket. The site is ready for immediate construction, offering significant potential for substantial returns. All utilities are available, and the property is fully compliant with all local zoning regulations. This prime location offers unparalleled access to a large and growing workforce, making it an ideal location for any industrial development project. Don't miss this exceptional opportunity to secure a substantial piece of Oklahoma's thriving industrial landscape. Contact us today to learn more.

    Property Features for 161 New Albany Expy

    General Information

    Property type
    Land
    Lot Size
    6,534,000 SF

    HighLights

    • Individual sites up to 150 acres available.
    • Shovel‑ready, tax‑abated build‑to‑suit (BTS) sites.
    • Zoned and approved for immediate development.
    • Direct access to five freeway interchanges.
    • Strong labor pool and attractive amenities; 1 million population within 15‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Luther
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.2005806
    Latitude
    35.6782169

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 150 Acres, Prime Industrial Site
    Where is this land located?
    The property is located at 161 New Albany Expy Luther, OK.
    What are key features of this property?
    This property features: Individual sites up to 150 acres available.; Shovel-ready, tax-abated build-to-suit (BTS) sites.; Zoned and approved for immediate development.
    Request Owner's contact information
    161 New Albany Expy Luther, OK 73054
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    Luther, OK 73054
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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
    161 New Albany Expy Luther, OK 73054
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