Commercial Real Estate Market in Grove, OK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
133 active listings and 672 off-market properties in Grove, OK.
Market Trends
Grove, OK spans 89.6 square miles in Delaware County, Oklahoma. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Grove, OK runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Grove, OK asks $63/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Grove, OK runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Grove, OK asks $149/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 53.9%
- Commercial 38.2%
- Agricultural 4.6%
- Residential 3.2%
Largest Zones share of zoned land by district
Single Family 10000 Square Feet
Highway Commercial
Lake Front Resort District
Light Industrial District
Agriculture District
Grove, OK zones 5,636 acres across 13 districts. Commercial zoning covers 38.2% of zoned land, residential 3.2% and industrial 53.9%. The largest single district is Single Family 10000 Square Feet at 46.7%. For commercial buyers the practical constraint is that only 92.1% of land carries a commercial or industrial designation.
Single Family 10000 Square Feet (R-1)
H. If a lot within a City block is rezoned from R -1 or R-1(s) to R-2 or R-3, but such rezoned lot does not comply with current lot area and lot width minimums as noted in the following table, the owner may construct an improvement on such rezoned lot, notwithstanding such non -compliance with lot area and lot width minimums, only if (a) at least 50% of all…
Market overview
Demographics & Economy
Grove, OK has 14,923 residents in 8,523 households. Density runs 167 people per square mile. Median household income here is $56,644 and median gross rent $902 a month.
14,923
Population
8,523
Households
1.8
Avg Household Size
52
Median Age
25%
College-Educated
92%
High-School Grad
89.6 sq mi
ZIP Area
167
Density / Sq Mi
$56,644
Median Household Income
$32,391
Median Earnings
$902
Median Rent
$207,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South West City | — | — |
| Monkey Island | — | — |
| Tiff City | — | — |
| Bernice | — | — |
Commercial property in Grove, OK asks $368/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grove?
Commercial property in Grove, OK asks an average of $368 per square foot. The 4 most recent recorded sales traded at a median of $102/SF, so asking sits 260% above the achieved median. Multifamily carries the highest asking price at $149/SF.
What zoning applies to commercial property in Grove?
Grove, OK zones 5,636 acres across 13 districts, of which 38.2% is commercial and 53.9% industrial. The largest single district is Single Family 10000 Square Feet at 46.7% of zoned land. H. If a lot within a City block is rezoned from R -1 or R-1(s) to R-2 or R-3, but such rezoned lot does not comply with current lot area and lot width minimums as noted in the following table, the owner may construct an improvement on such rezoned lot, notwithstanding such non -compliance with lot area and lot width minimums, only if (a) at least 50% of all… Residential zoning covers 3.2% and open space 0%.
Where does Realmo's Grove market data come from?
Realmo compiles Grove, OK figures from 7 recent recorded sales, 133 active sale listings, 672 tracked off-market properties, the current Grove zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 133 active for-sale and 0 active for-lease listings in Grove, OK. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 5,636 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
