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Property profile & analytics
OFF-MARKET
Land

411 Covell Rd Edmond, OK 73034

1.2 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in Edmond, Oklahoma. Situated on the northeast corner of Broadway and Covell Road, this property comprises three separate tracts totaling between 1.2 and 2.3 acres. The asking price is $2,917,879, with land value ranging from $8 to $21 per square foot. The location benefits from high visibility and accessibility, being situated near Edmond North High School, Pizza Hut, Phillips 66, and Sonic. Its proximity to I-35, Lowe's, and the Golf Club of Edmond further enhances its appeal. The City of Edmond has recently completed improvements to this intersection, including plans to widen Covell Road to a four-lane divided roadway, complete with left-turn lanes, street lighting, multi-use/bike paths, and landscaping. Covell Road is rapidly becoming a major east-west thoroughfare in Edmond, and this location is strategically positioned at one of two intersections on Covell and Broadway unimpeded by north-south train lines. Water access is available on Covell Road, and sewer lines are located approximately 300 feet east of the property. This property is ideal for a variety of commercial developments, capitalizing on its prime location and the ongoing infrastructure improvements in the area.

Property profile
Verified
Property type Land
Lot 1.2 ac (52,272 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
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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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