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    14020 Parkway Commons Dr Oklahoma City, OK 73134

    Sponsored
    For Sale
    $745,000

    Prime 1-acre medical development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.038-acre commercial land parcel presents a unique investment opportunity in Oklahoma City's thriving Quail Springs Medical Corridor. Located at 14020 Parkway Commons Dr, Oklahoma City, OK 73134, this property is one of the last remaining vacant lots in this high-demand area. Its strategic location offers unparalleled visibility and accessibility, situated directly across from the Oklahoma Spine Hospital. The asking price is $745,000, translating to a land value of $16.48 per square foot. The property's proximity to major medical facilities, including Mercy Hospital/campus and Oklahoma Heart Hospital, ensures a strong patient base and high foot traffic. Furthermore, the surrounding area boasts a concentration of established medical and commercial businesses, such as Orthopedic Spine Associates, Optionone Infusion, Dobson Fiber, American Bank Systems, Paycom, United Data Technologies, DRG, UDT, and Chicago Title. This prime location offers significant potential for development, making it an ideal site for a variety of medical-related businesses or complementary services. The property's size and location within the established Quail Springs Medical Corridor make it a highly desirable asset for investors seeking a strong return on investment in a rapidly growing market. This is a rare opportunity to acquire a premier commercial land parcel in a highly sought-after location.

    Property Features for 14020 Parkway Commons Dr

    General Information

    Property type
    Land
    Lot Size
    45,215 SF

    HighLights

    • 1.038‑acre commercial land parcel in Oklahoma City's Quail Springs Medical Corridor.
    • Located at 14020 Parkway Commons Dr, Oklahoma City, OK 73134, one of the last remaining vacant lots.
    • $745,000 asking price, $16.48/SF land value.
    • High visibility and accessibility, directly across from Oklahoma Spine Hospital, near Mercy Hospital and Oklahoma Heart Hospital.
    • Surrounded by established medical and commercial businesses, offering strong potential for development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.581626
    Latitude
    35.614185

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    FAQs

    What type of property is this?
    Land - Prime 1-acre medical development site.
    Where is this land located?
    The property is located at 14020 Parkway Commons Dr Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $745,000.
    What are key features of this property?
    This property features: 1.038-acre commercial land parcel in Oklahoma City's Quail Springs Medical Corridor.; Located at 14020 Parkway Commons Dr, Oklahoma City, OK 73134, one of the last remaining vacant lots.; $745,000 asking price, $16.48/SF land value.
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    14020 Parkway Commons Dr Oklahoma City, OK 73134
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    Oklahoma City, OK 73134
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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
    14020 Parkway Commons Dr Oklahoma City, OK 73134
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