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    301 Wade Martin Rd Edmond, OK 73034

    For Sale
    $1,100,000

    Prime Edmond location, high traffic, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 4.02-acre commercial land parcel presents a unique investment opportunity in the heart of Edmond, Oklahoma. Located at the southwest corner of Wade Martin Road and Edmond Road, this fee-simple property boasts a highly desirable location with exceptional visibility and accessibility. The site benefits from an estimated 25,000 vehicles passing daily, ensuring significant exposure for any future development. Its strategic position places it in close proximity to the University of Central Oklahoma, major retail centers, and a hospital, guaranteeing a robust and diverse customer base. Currently zoned for residential use, the property offers significant upside potential. The seller is willing to provide a reasonable due diligence period to allow prospective buyers the opportunity to explore and pursue rezoning, which could dramatically increase the property's value. The asking price is $1,100,000. This represents a compelling investment opportunity for developers seeking to capitalize on Edmond's thriving commercial market and its dense population. The property's size and location make it ideal for a variety of commercial uses, subject to obtaining necessary approvals and permits. Don't miss this chance to acquire a prime piece of real estate in one of Oklahoma's most dynamic cities.

    Property Features for 301 Wade Martin Rd

    General Information

    Property type
    Land
    Lot Size
    175,111 SF

    HighLights

    • $1.1 million asking price.
    • Rezoning potential significantly increases value.
    • Seller offers due diligence period for rezoning.
    Property Profile Insight Report 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 Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4474529
    Latitude
    35.6518697

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    FAQs

    What type of property is this?
    Land - Prime Edmond location, high traffic, development potential.
    Where is this land located?
    The property is located at 301 Wade Martin Rd Edmond, OK.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1.1 million asking price.; Rezoning potential significantly increases value.; Seller offers due diligence period for rezoning.
    Request Owner's contact information
    301 Wade Martin Rd Edmond, OK 73034
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    Edmond, OK 73034
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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
    301 Wade Martin Rd Edmond, OK 73034
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