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    126th 129Th St Collinsville, OK 74021

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    For Sale
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    8.84 Acres, High-Growth Area, Excellent Visibility

    Property Features for 126th 129Th St

    General Information

    Property type
    Land
    Lot Size
    385,070 SF

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    Listing Contact
    Dick Alaback
    Dick Alaback

    Listing Agency: McGraw Commercial Properties Listing Agent: Dick Alaback

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 8.84-acre commercial land parcel presents a unique investment opportunity in Owasso, Oklahoma. Strategically located at the southwest corner of 126th North and 129th Street East, this property boasts significant frontage: 575 feet along 126th Street and 670 feet along 129th Street. The high visibility and location within the Owasso School District contribute to its exceptional potential. Currently zoned for agricultural use (AG), the property offers excellent prospects for development. The seller is open to dividing the land, with pricing potentially structured at $6.00 per square foot for the 126th Street frontage and $2.00 per square foot for the 129th Street frontage. This prime location in a high-growth area makes this an attractive opportunity for investors seeking significant returns. The asking price for the entire 8.84-acre parcel is $1,299,000, translating to approximately $165,950 per acre. The property's size and prominent location offer considerable flexibility for a variety of commercial developments. Detailed information regarding potential subdivision and development options is available upon request. This is a rare opportunity to acquire a substantial commercial land holding in a thriving Oklahoma community. The property's address is in Tulsa County, Oklahoma, with a zip code of 74021.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Spa & Massage Center Hair Salon Building Supply Gym & Fitness Center Accounting Firm Auto Repair Shop Big Box & Wholesale Store HVAC Service Electronics & Wireless Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.830213907044
    Latitude
    36.336574841662

    Nearby Similar for Sale

    • $400,000
      1,563 SF

      Collinsville Commercial Property For Sale

      Two buildings with chapel and parking on Main Street.
      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?
    Land - 8.84 Acres, High-Growth Area, Excellent Visibility
    Where is this land located?
    The property is located at 126th 129Th St Collinsville, OK.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: 8.84-acre commercial land parcel in Owasso, OK.; High-visibility location at the southwest corner of 126th North and 129th Street East, offering 575' of frontage on 126th Street and 670' on 129th Street.; Currently zoned AG, with development potential.
    (918) 724-8955 Call to check price and availability
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    126th 129Th St 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
    126th 129Th St Collinsville, OK 74021
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dick Alaback
    Dick Alaback
    Real Estate License ID: 072008
    (918) 724-8955 (918) 388-9588
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