Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    Miami, OK 74354

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $199,000

    37 acre hay meadow perfect for hobby farm.

    Lot size:
    37.00 Acres

    Property Features for

    General Information

    Lot size
    37.00 Acres

    We can help!

    Listing Contact
    Eric Zellerseric Zellerseric Zellers
    Source: Kw

    Listing Agent: Eric Zellerseric Zellerseric Zellers

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

    Learn more

    Overview

    Flat Hay Meadow in Craig

    This 37 +/- acre parcel of flat, open hay meadow is located between Miami and Welch, Oklahoma, just off Highway 10 and minutes from I-44. The property is suitable for a small hobby farm or expanding agricultural operations, with possibilities for raising cattle, chickens, goats, or other livestock. The size and layout of the land allow for building a home or farmstead, with space for barns, gardens, and outdoor projects. Additional land is available to expand the acreage.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Miami
    County
    Ottawa
    State
    Oklahoma
    Longitude
    -94.9244
    Latitude
    36.8253

    Nearby Similar for Sale

    • $2,300,000
      25,500 SF

      Premier Golf Course Opportunity

      Thriving golf course with development potential in Miami, Oklahoma.
      10301 S 600 Rd, Miami, OK 74354
      View Details
    • $399,000
      7,220 SF

      Versatile Clinic Space in Miami

      Vacant clinic with prime location and endless possibilities.
      1916 St Plz E, Miami, OK 74354
      View Details
    • $1,950,000
      3,000 SF

      Miami, OK Hospitality Investment

      70-room motel and 3,000 sq ft restaurant on 3.45 acres.
      900 E Steve Owens Blvd, Miami, OK 74354
      View Details
    • $399,900
      5,440 SF

      Commercial Building on 1.33 Acres

      1.33 acre commercial parcel with 5,440 SF building.
      830 D St NE, Miami, OK 74354
      View Details
    • $79,900
      Pending

      Route 66 Commercial Opportunity

      Former gas station on Route 66 with expansion potential.
      505 S Main St, Miami, OK 74354
      View Details
    • $199,900
      6,400 SF

      Commercial Mechanic Shop on Route 66

      Large mechanic shop with fenced storage on historic Route 66.
      506 S Main St, Miami, OK 74354
      View Details
    • $750,000
      6,840 SF

      Route 66 Retail Opportunity

      Thriving screen-printing and trophy shop with real estate and equipment.
      306 N Main St, Miami, OK 74354
      View Details
    • $475,000
      16,641 SF

      Spacious Steel Structure in Miami

      Large commercial facility with loading dock and high traffic.
      36 E Bj Tunnell Blvd, Miami, OK 74354
      View Details
    • $500,000
      14,256 SF

      Historic Route 66 Commercial Building

      Historic 1935 building on Route 66 with car elevator.
      300 N Main St, Miami, OK 74354
      View Details
    • $399,000
      10,960 SF

      Established Commercial Property in Miami, OK

      Turnkey commercial property with storefront and warehouse in Miami, Oklahoma.
      230 D St, Miami, OK 74354
      View Details
    • $525,000
      7,220 SF

      Prime Miami Vet Clinic - Huge Potential

      Versatile Commercial Space, 7220 sq ft, 1.04 acres
      1916 E St, Miami, OK 74354
      View Details
    • $450,000
      10,960 SF

      Miami Retail Investment Opportunity

      Established Feed Store, High-Traffic Location
      230 D St, Miami, OK 74354
      View Details

    FAQs

    What type of property is this?
    Agricultural land - 37 acre hay meadow perfect for hobby farm.
    Where is this agricultural land located?
    The property is located at Miami, OK.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Flat, open 37 +/- acre hay meadow, ideal for farming or livestock.; - Convenient location between Miami and Welch, near Highway 10 and I-44.; - Perfect for building a home and farmstead with space for barns and gardens.
    Request Owner's contact information
    Miami, OK 74354
    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.
    Miami, OK 74354
    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
    Miami, OK 74354
    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

    We can help!
    Listing Contact
    Eric Zellerseric Zellerseric Zellers
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.