Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Market Rd Vinita, OK

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    60-acre site near intermodal yard with rail service potential.

    Type:LAND
    Lot size:
    60.34 Acres
    Added:
    Oct 23, 2023
    Days on Market:
    921
    Last Refresh:
    Apr 5 at 10:24 pm

    Property Features for Market Rd

    General Information

    Standard status
    Active
    Lot size
    60.34 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Lesli Crofford

    Listing agent Lesli Crofford

    Listing office Oklahoma Department of Commerce

    Listing date Oct 23, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Oklahoma Department of Commerce

    Overview

    60-Acre Site for Rail Expansion

    This 60-acre site, recently purchased by the City of Altus, is intended for expansion of rail services and opportunities. Altus has become an intermodal community, and this property is located two miles from the intermodal yard. The site is positioned on a planned economic development loop designed to provide easier access for over-the-road transport. The property can be serviced by two different rail lines. The site is negotiable for the right project.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Vinita
    County
    Craig
    State
    Oklahoma
    Longitude
    -95.1541
    Latitude
    36.6387

    Nearby Similar for Sale

    • $299,000
      1,796 SF

      Historic Route 66 Gas Station

      Well-maintained commercial property with classic appeal on Historic Route 66.
      249 S Wilson Street, Vinita, OK 74301
      View Details
    • $299,990
      2,000 SF

      Route 66 Commercial Property

      Commercial property on Historic Route 66 with high traffic.
      426 S Wilson Street, Vinita, OK 74301
      View Details
    • $159,900
      3,040 SF

      Vinita Commercial Property For Sale

      Income-producing commercial property in the heart of South Grand Lake.
      324 W Ketchum Avenue, Vinita, OK 74301
      View Details
    • $429,900

      80 Acres Near Vinita, OK

      80-acre property with pasture, water, woods near Vinita, OK.
      S 4440 Road, Vinita, OK 74301
      View Details
    • $159,900
      3,040 SF

      Vinita Commercial Property For Sale

      Income-producing commercial property in the heart of South Grand Lake.
      324 W Ketchum Avenue, Vinita, OK 74301
      View Details
    • $405,600

      Commercial Building in Vinita, OK

      Commercial building with daycare facilities, kitchen, and handicap access.
      125 S. SCRAPER, Vinita, OK 74301
      View Details
    • $320,000
      3,360 SF

      Vinita, OK Commercial Property

      Commercial property in Vinita, OK, with agribusiness potential.
      23106 S 4390 Road, Vinita, OK 74301
      View Details
    • $18,000
      4,494 SF

      Vinita Commercial Property on Route 66

      Commercial property on Historic Route 66, suitable for redevelopment.
      27616 S 4340 Road, Vinita, OK 74301
      View Details
    • $365,000

      Vinita, OK Land Investment Opportunity

      42.4 acre property near Vinita, OK in opportunity zone.
      441775 E 260 Road, Vinita, OK 74301
      View Details
    • $499,900

      Prime Commercial Corner Lot

      3.61-acre commercial lot in Vinita, OK, for sale.
      S 4410 Road, Vinita, OK 74301
      View Details
    • $39,000

      Vinita Vacant Land Corner Lot

      Vacant land with utilities on a corner lot.
      504 S. Thompson, Vinita, OK 74301
      View Details
    • $250,000
      2,256 SF

      Vinita Duplex on Half-Acre Lot

      Well-maintained duplex on scenic lot, ideal for investors.
      827 N Thompson Street, Vinita, OK 74301
      View Details

    FAQs

    What type of property is this?
    Land - 60-acre site near intermodal yard with rail service potential.
    Where is this land located?
    The property is located at Market Rd Vinita, OK.
    What are key features of this property?
    This property features: 60‑acre site perfect for rail service expansion or related development.; Located just two miles from the Altus intermodal yard.; Property can be serviced by two different rail lines.
    (405) 642-4610 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lesli Crofford
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!