Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    61st St & Lynn Ln Broken Arrow, OK 74012
    Back to Search
    Property profile & analytics

    61st St & Lynn Ln Broken Arrow, OK 74012

    View on Map
    • Land
    • 3.24 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 61st St & Lynn Ln

    Lot size
    3.24 lot acres
    Property type
    Land

    Description

    This exceptional 3.24-acre commercial land parcel, located at the southwest corner of 61st Street and Lynn Lane in Broken Arrow, Oklahoma (74012), presents a unique investment opportunity. The site encompasses approximately 146,427 square feet, as detailed in the available site plan. This property is designated for commercial use and is ready for development. A significant advantage is the seller's commitment to covering the "fee in lieu" payment to the City of Broken Arrow for regional detention, ensuring the land will be usable and ready for immediate development. The property's strategic location within Tulsa County offers excellent visibility and accessibility, making it ideal for a variety of commercial ventures. The asking price for this prime commercial land is $2,258,144. This represents a compelling opportunity to acquire a sizable, well-situated parcel in a thriving Oklahoma market. Detailed site plans are available upon request. This is a rare opportunity to secure a substantial commercial land holding in a rapidly growing area. Don't miss out on this chance to build your business in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Broken Arrow
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.7795
    Latitude
    36.0756

    Comparable in this City

    • Value Estimation by Request
      0.84 Acres

      23Rd St

      Land • 0.84 Acres
      0 23Rd St, Broken Arrow, OK 74012
      View Details
    • Value Estimation by Request
      0.87 Acres

      870 Msn St

      Land • 24,829 SF
      870 Msn St, Broken Arrow, OK 74012
      View Details
    • Value Estimation by Request
      4.10 Acres

      193 Ave

      Land • 178,596 SF
      193 Ave, Broken Arrow, OK 74012
      View Details
    • Value Estimation by Request
      350,000 SF

      101St St

      Land • 350,000 SF
      0 101St St, Broken Arrow, OK 74012
      View Details
    • Value Estimation by Request
      37,026 SF

      Hillside Dr. & County Line Rd

      Land • 37,026 SF
      0 Hillside Dr. & County Line Rd, Broken Arrow, OK 74012
      View Details
    • Value Estimation by Request
      0.81 Acres

      177 Ave

      Land • 0.81 Acres
      0 177 Ave, Tulsa, OK 74012
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale, Will Divide

      Land available for sale, divisible into smaller parcels.
      61 St & 193 Ave E, Broken Arrow, OK 74012
      View Details
    • Contact for pricing

      Land For Sale

      4.62 acres of land available.
      1823 N Redbud Pl, Broken Arrow, OK 74012
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      S 177 Ave E, Broken Arrow, OK 74012
      View Details
    • Contact for pricing

      Broken Arrow Land For Sale

      17.16 acres of land available in Broken Arrow, Oklahoma.
      61st 145Th East Ave, Broken Arrow, OK 74012
      View Details
    • Contact for pricing

      Development Site in Growing Area

      Commercial land available for development in Broken Arrow, Oklahoma.
      E 51St St, Broken Arrow, OK 74012
      View Details
    • Contact for pricing

      Broken Arrow Commercial Land Available

      Approximately 4.65 acres of commercial land for lease or build-to-suit.
      96 96Th St, Broken Arrow, OK 74012
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      40-Acre Industrial Lot For Sale

      40-acre industrial lot with utilities in Broken Arrow, Oklahoma.
      1525 College St, Broken Arrow, OK 74012
      View Details
    • Contact for pricing

      Retail Space in Broken Arrow

      Retail space available for lease in Broken Arrow, Oklahoma.
      1200 E Hillside Dr, Broken Arrow, OK 74012
      View Details
    • Contact for pricing

      Retail Space in Adams Creek

      Retail spaces available in Broken Arrow's Adams Creek Town Center.
      Broken Arrow OK N 23Rd St, Broken Arrow, OK 74012
      View Details
    • Contact for pricing

      Broken Arrow Boutique Office Suites

      Modern office suites in thriving Broken Arrow business neighborhood.
      2005 S Elm Pl, Broken Arrow, OK 74012
      View Details
    • $8 SF/Yr
      7,443 SF

      Broken Arrow Warehouse Space Available

      7,443 SF warehouse space available for lease.
      2620 North Hemlock Cir, Broken Arrow, OK 74012
      View Details
    • $11 SF/Yr
      3,200 SF

      Medical Office Space Available

      3200 SF medical office space for rent.
      3100 S Elm Pl, Broken Arrow, OK 74012
      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.
    61st St & Lynn Ln
    Broken Arrow, OK 74012
    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
    61st St & Lynn Ln, Broken Arrow, OK, 74012
    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!