11702 116Th St Collinsville, OK 74021
Exceptional 4.752-acre commercial development opportunity in Collinsville, OK, situated on the south side of newly expanded four-lane 116th St N, between Hwy 169 and Garnett Road. This property, encompassing two parcels, boasts 337 feet of road frontage on 116th St N and approximately 640 feet of frontage on a Tulsa County Road Easement. Currently zoned agricultural (Ag), it presents significant potential for rezoning to accommodate various uses, including office, duplex, multi-family, townhome, religious, or commercial business zoning. Its prime location offers easy access to hospitals, shopping centers, restaurants, schools, Tulsa Tech, and major highways. The property is included in the Owasso Masterplan 2023 map for Commercial Use and is located in the Owasso School District, despite having a Collinsville address. Buyer verification is recommended for connections to newly installed city utilities at the 116th Utility Easement. Please note that any structures on the property should not be entered. The asking price is $650,000. Additional connecting acreage may be available. This represents a unique chance to capitalize on Owasso's growth and secure a valuable investment in a thriving community.
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.