Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Sooner Rd Oklahoma City, OK 73121

    • Land
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Sooner Rd

    Lot size
    0.18 lot acres
    Property type
    Land

    Description

    This exceptional 0.184-acre commercial land parcel presents a remarkable investment opportunity in the thriving I-35 corridor of Edmond, Oklahoma. Located at 3249 N Sooner Rd, Oklahoma City, OK 73121, this property boasts an enviable location overlooking the 17th hole of the Golf Club of Edmond. Its strategic placement offers unparalleled visibility and accessibility, situated near key amenities including the Showbiz Cinema, the Hilton Edmond Conference Center, and the newly constructed Crest Supermarket. The property's zoning allows for the development of a professional office building, providing a blank canvas for a customized design to meet specific business needs. This prime location within the rapidly expanding I-35 corridor ensures strong potential for future growth and return on investment. The address is easily accessible from Covell Road, providing convenient access for employees and clients. The 0.184-acre lot size is ideal for a variety of commercial developments, making it a highly attractive proposition for discerning investors seeking a strategic foothold in a dynamic and prosperous area. The asking price is $325,000.

    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
    -97.4242
    Latitude
    35.5117

    Comparable in this City

    • Value Estimation by Request
      0.72 Acres

      5401 Anderson Rd

      Land • 0.72 Acres
      5401 Anderson Rd, Forest Park, OK 73121
      View Details
    • Value Estimation by Request
      14.30 Acres

      I-35 50Th St

      Land • 14.30 Acres
      I-35 50Th St, Oklahoma City, OK 73121
      View Details
    • Value Estimation
      $260,000
      1.38 Acres

      3029 Rival Ave

      COMMERCIAL (GENERAL) • 1.38 Acres
      3029 Rival Ave, Oklahoma City, OK 73121
      View Details
    • Value Estimation
      $295,000
      10.83 Acres

      7225 Bryant Ave

      COMMERCIAL (GENERAL) • 10.83 Acres
      7225 Bryant Ave, Oklahoma City, OK 73121
      View Details
    • Value Estimation by Request
      0.15 Acres

      Oklahoma City, OK 73121

      VACANT COMMERCIAL LAND • 0.15 Acres
      Oklahoma City, OK 73121
      View Details
    • Value Estimation by Request
      8.40 Acres

      Oklahoma City, OK 73121

      VACANT COMMERCIAL LAND • 8.40 Acres
      Oklahoma City, OK 73121
      View Details

    Similar Nearby for Sale

    • $550,000
      5.00 Acres

      Prime OKC 5-Acre Commercial Land

      RV/Boat Storage, High-Traffic Location
      4500 23Rd St, Oklahoma City, OK 73121
      View Details
    • $1,795,000
      21.00 Acres

      Oklahoma City Industrial Land

      21 Acres, I-44 & I-35 Access
      5520 N. Bryant Avenue, Oklahoma City, OK 73121
      View Details
    • $250,000

      Land in Forest Park

      Land available in Forest Park, Oklahoma City.
      4908 N Bryant Ave, Oklahoma City, OK 73121
      View Details
    • $50,000
      1.49 Acres

      Residential Land in Oklahoma City

      Residential land available in Oklahoma City, Oklahoma.
      2840 NE 23Rd St, Oklahoma City, OK 73121
      View Details
    • $922,150

      Oklahoma City Land with Skyline Views

      Zoned I-2 land with utilities and billboard lease.
      5400 N Bryant Ave, Oklahoma City, OK 73121
      View Details
    • $135,000
      1.00 Acre

      Prime Acre in Oklahoma City

      One acre lot ready for custom home in Oklahoma City.
      5101 E Wilshire Blvd, Oklahoma City, OK 73121
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      9,539 SF

      Versatile Industrial Space Near I-35

      9,539 SF industrial space with office, warehouse, and large yard.
      3020-3200 Aluma Valley Dr, Oklahoma City, OK 73121
      View Details
    • Contact for pricing
      5,000 SF

      Oklahoma City Industrial Warehouse

      5,000 SF Warehouse, 2 Acres Land
      3500 East Wilshire Boulevard Oklahoma City, OK 73121, Oklahoma City, OK 73121
      View Details
    • Contact for pricing
      5,000 SF

      Oklahoma City Industrial Gem

      5,000 SF Warehouse, 2 Acres
      3500 East Wilshire Boulevard Oklahoma City, OK 73121, Oklahoma City, OK 73121
      View Details
    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.
    Sooner Rd
    Oklahoma City, OK 73121
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.