687 Commerce St Elgin, OK 73538
This exceptional 1.49-acre commercial land parcel in Elgin, Oklahoma, presents a remarkable development opportunity. Located at 687 Commerce St., this property boasts convenient access to I-44 and sits within Elgin's burgeoning commercial hub, near the intersection of US Highway 277 and Commerce Dr., where a new traffic light is planned. The site offers excellent visibility with an estimated 17,000 vehicles passing daily. Priced at $350,000, this represents a competitive $8.03 per square foot for the approximately 65,031 square foot lot (APN: 160105382). Existing utilities (electric, gas, water, sewer) are readily available. The property's zoning permits commercial development, making it suitable for various uses, including retail, restaurants, storefronts, and office spaces. Its strategic location near established businesses like Braum's, Arvest, McDonald's, and more, coupled with its proximity to planned developments such as a medical center and sporting complex, ensures significant future growth potential. Elgin's recent commercial and population growth, fueled by its affordable land and proximity to Lawton/Fort Sill, makes this a compelling investment in a thriving Oklahoma community. This is a rare chance to capitalize on Elgin's upward trajectory.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.