Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Lot in Lone Grove Title is generated by Realmo AI

    Main Street, Lone Grove, OK 73463

    View on Map
    Claim this Listing
    For Sale
    $80,000

    COMMERCIAL - Lone Grove, OK

    Property size:
    1 SF
    Lot size:
    0.60 Acres
    Price / SF:
    $80,000/SF
    Added:
    May 22, 2026
    Days on Market:
    10
    Last Refresh:
    May 31 at 7:06 pm

    Property Features for Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    R1
    Standard status
    Active
    APN
    2000-00-051-003-0-001-00
    Size
    1 SF
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    2000-00-051-003-0-001-00 - LONE GROVE CITY, BLK 51 LOT 3 (77.4X140) LOT 4 (77.4X140) LOT 5 N 33 (33X140)
    Tax Annual Amount
    1193

    Building Details

    Year built
    2028

    We can help!

    Listing Contact
    Carlene Gragg
    Carlene Gragg

    Listing agent Carlene Gragg License #160352

    Listing office Frances No. 1 Realty 7182A State Highway 32, Ardmore, OK

    Listing date May 22, 2026

    MLS# 2618950

    Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in the heart of Lone Grove's business district
    • High‑visibility corner lot with frontage on US Hwy 70 (140 ft) and Main Street (186 ft)
    • 0.6‑acre lot provides ample space for development
    • Thriving businesses on either side attract numerous customers
    • Opportunity for multiple business possibilities
    • Motivated seller and priced to sell

    Overview

    This 0.6-acre commercial lot is located in the heart of Lone Grove's business district. Situated on a corner, the property features 140 feet of frontage on US Hwy 70 and 186 feet of frontage on Main Street, potentially allowing for ample parking spaces. The location is near two thriving businesses, which may attract numerous customers to the area. The lot's size and location offer multiple business possibilities. The property is located in Lone Grove, OK.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lone Grove
    County
    Carter
    State
    Oklahoma
    Longitude
    -97.260555
    Latitude
    34.173817

    Nearby Similar for Sale

    • $500,000

      Highway Frontage Commercial Land

      7+ acre commercial land with highway frontage in Lone Grove.
      17266 Us Highway 70, Lone grove, OK 73443
      View Details
    • $500,000

      Prime Commercial Land Opportunity

      7+ acre commercial land with highway frontage in Lone Grove.
      17266 Us Highway 70, Lone grove, OK 73443
      View Details
    • $490,000

      30 Acres on Highway 70

      30 acres suitable for commercial use or custom home.
      18774 Us Highway 70, Lone Grove, OK 73443
      View Details
    • $490,000

      30 Acres on Highway 70

      30 acres with highway frontage, suitable for commercial or residential.
      Us Highway 70, Lone Grove, OK 73443
      View Details
    • $199,000

      Lone Grove Acreage with Shop

      13.7 acres in Lone Grove School District with shop.
      1750 Rolling Hills Road, Lone Grove, OK 73443
      View Details
    • $125,000

      Unrestricted Land in Lone Grove

      12.21 acres outside city limits, ready for your dream home.
      191 Enterprise, Lone Grove, OK 73443
      View Details
    • $360,000

      Rolling 60 Acres in Lone Grove

      Beautiful land with pond, pens, and abundant wildlife.
      Prairie Valley Road, Lone Grove, OK 73443
      View Details
    • $325,000

      Land in Lone Grove, OK

      Lush, tree-filled 12.51 acre property with development potential.
      Evergreen Street, Lone Grove, OK 73443
      View Details
    • $74,000

      Residential Land in Lone Grove

      2.24-acre tract with mature trees, ideal for homesite.
      Quail Ridge, Lone Grove, OK 73401
      View Details
    • $231,000

      Unrestricted Acres in Lone Grove

      29 acres of unrestricted land with utilities in Lone Grove.
      9597 Myall, Lone Grove, OK 73443
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.6 acre corner lot in the heart of Lone Grove.
    Where is this commercial land located?
    The property is located at Main Street Lone Grove, OK.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: Prime location in the heart of Lone Grove's business district; High‑visibility corner lot with frontage on US Hwy 70 (140 ft) and Main Street (186 ft); 0.6‑acre lot provides ample space for development
    (580) 223-4026
    We can help!
    Listing Contact
    Carlene Gragg
    Carlene Gragg
    Real Estate License ID: 160352
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Main Street, Lone Grove, OK 73463
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!