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Property profile & analytics
OFF-MARKET
Land

277 Hwy Elgin, OK 73538

4.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 4.5-acre commercial land parcel presents a unique investment opportunity in the thriving Elgin, Oklahoma community. Strategically located on Highway 277, with convenient access to Interstate 44, this property boasts high visibility and excellent accessibility. Currently zoned AG (Agricultural), the land offers significant potential for rezoning to accommodate a variety of commercial uses, subject to local approvals. A significant advantage is the pre-installed water meter, saving time and expense for future development. The asking price is $225,000, translating to a land value of $1.15 per square foot. The area is experiencing robust growth, evidenced by the presence of established businesses such as GNG Storage, Arvest Bank, Subway, and Sonic Drive-In in close proximity. This property's prime location and existing infrastructure make it an ideal site for a diverse range of commercial ventures, from retail establishments to light industrial uses. The ease of interstate access further enhances its appeal to businesses seeking a strategic location to serve a wider market. This is a rare opportunity to acquire a sizable, well-situated commercial lot in a rapidly expanding area. Serious inquiries are encouraged.

Property profile
Verified
Property type Land
Lot 4.5 ac (196,020 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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