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    12525 116Th St Owasso, OK 74055

    For Sale
    $2,042,267

    Prime Owasso commercial land, two parcels available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 7.643-acre commercial property in Owasso, Oklahoma, presents a unique investment opportunity. Located at 12525 E 116th St N, Tulsa County, zip code 74055 (36.2726958, -95.8353837), the property is divided into two distinct parcels. Parcel 'A' encompasses 5.704 acres and is zoned RM. This parcel is offered at $1,366,564.32, translating to $5.50 per square foot. Parcel 'B', measuring 1.939 acres, is zoned CS and is priced at $675,702.75, or $8.00 per square foot. The total asking price for the combined 7.643 acres is $2,042,267. This prime location in Owasso offers significant potential for various commercial developments, given the diverse zoning designations (RM and CS). The property's size and strategic location make it an attractive prospect for investors seeking a substantial land holding in a thriving Oklahoma community. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Property Features for 12525 116Th St

    General Information

    Property type
    Land
    Lot Size
    332,929 SF

    HighLights

    • 5.704‑acre parcel (Parcel A), RM zoning, priced at $1,366,564.32 ($5.50/sf).
    • 1.939‑acre parcel (Parcel B), CS zoning, priced at $675,702.75 ($8.00/sf).
    Property Profile 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 Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Owasso
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8353837
    Latitude
    36.2726958

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    FAQs

    What type of property is this?
    Land - Prime Owasso commercial land, two parcels available.
    Where is this land located?
    The property is located at 12525 116Th St Owasso, OK.
    What is the asking price?
    The asking price for this property is $2,042,267.
    What are key features of this property?
    This property features: 5.704-acre parcel (Parcel A), RM zoning, priced at $1,366,564.32 ($5.50/sf).; 1.939-acre parcel (Parcel B), CS zoning, priced at $675,702.75 ($8.00/sf).;
    (918) 344-9904
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    12525 116Th St Owasso, OK 74055
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    Owasso, OK 74055
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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
    12525 116Th St Owasso, OK 74055
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