Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Oklahoma City Ok Oklahoma City, OK 73111
    Back to Search
    Property profile & analytics

    Oklahoma City Ok, Oklahoma City, OK 73111

    View on Map
    • Land
    For Lease
    View Listing →
    Adventure District Commercial Land For Lease
    Contact for pricing

    Adventure District Commercial Land

    Oklahoma City prime commercial site

    0 Oklahoma City Ok, Oklahoma City, OK 73111
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Oklahoma City Ok

    Property type
    Land

    Description

    This exceptional 8-9 acre commercial land parcel, with an additional 2-3 acres available for ground lease or build-to-suit, presents a unique investment opportunity in Oklahoma City's vibrant Adventure District. Located in Oklahoma County, zip code 73111, this property boasts a prime location near the crucial intersection of I-44 and I-35, providing unparalleled regional accessibility. The site is zoned for primarily C-3 commercial uses under a Planned Unit Development (PUD), offering flexibility for a wide range of development projects. Its strategic placement within the Adventure District places it amidst a thriving entertainment and educational hub, surrounded by established attractions such as Remington Park Racetrack and Casino, Tinseltown Movie Theater, the Cowboy Hall of Fame, the Amateur Softball Association, Science Museum Oklahoma, and the Oklahoma City Zoo. This proximity to major family-oriented destinations like the OKC Zoo and adult entertainment venues like Remington Park ensures high visibility and significant foot traffic potential. The expansive lot size, coupled with its strategic location and flexible zoning, makes this property ideal for developers seeking a high-impact commercial venture in a dynamic and rapidly growing area of Oklahoma City. The available acreage provides ample space for a variety of commercial developments, catering to the diverse needs of the surrounding community and the broader region. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4766
    Latitude
    35.5258

    Comparable in this City

    • Value Estimation by Request
      20.00 Acres

      Grand Blvd & Mlk Blvd

      Land
      0 Grand Blvd & Mlk Blvd, Oklahoma City, OK 73111
      View Details
    • Value Estimation by Request

      1909 Lottie St

      Land
      1909 Lottie St, Oklahoma City, OK 73111
      View Details
    • Value Estimation by Request
      11.00 Acres

      63rd St And Eastern Ave

      Land
      63rd St And Eastern Ave, Oklahoma City, OK 73111
      View Details
    • Value Estimation by Request

      I-35 Service Rd

      Land
      I-35 Service Rd, Oklahoma City, OK 73111
      View Details
    • Value Estimation by Request
      4.32 Acres

      Oklahoma City, OK 73111

      Land
      Oklahoma City, OK 73111
      View Details
    • Value Estimation by Request
      7.55 Acres

      7101 Miramar Blvd

      Land
      7101 Miramar Blvd, Oklahoma City, OK 73111
      View Details

    Similar Nearby for Sale

    • $870,000

      7.55 Acres Zoned R-1

      7.55 acres with R-1 zoning, easy highway access.
      I-44 Service Rd, Oklahoma City, OK 73111
      View Details
    • $399,000
      Pending

      Oklahoma City Land For Sale

      3.48 acres near Adventure District with I-44 access.
      4435 N Martin Luther King Ave, Oklahoma City, OK 73111
      View Details
    • Contact for pricing

      Land with Development Potential

      4.42 acres with frontage on MLK and NE 63rd.
      1913 NE 63Rd St, Oklahoma City, OK 73111
      View Details
    • $119,000

      Corner Lot in Oklahoma City

      Corner lot available at N Prospect Avenue, Oklahoma City, OK.
      2201 N Prospect Ave, Oklahoma City, OK 73111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      130,680 SF

      Adventure District Commercial Land

      Oklahoma City prime commercial site
      0 Oklahoma City Ok, Oklahoma City, OK 73111
      View Details
    • $12 SF/Yr

      Oklahoma City Office Building For Lease

      Well-constructed office building suitable for office user or government agency.
      3017 N Martin Luther King Ave, Oklahoma City, OK 73111
      View Details
    View Listing
    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.
    Oklahoma City Ok
    Oklahoma City, OK 73111
    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
    Oklahoma City Ok, Oklahoma City, OK, 73111
    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!