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    Hwy 169 & 129 Ave Owasso, OK 74055

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    Hwy 169 & 129 Ave Owasso, OK 74055

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    • Land
    • 2.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hwy 169 & 129 Ave

    Lot size
    2.17 lot acres
    Property type
    Land

    Description

    Cambridge Park offers exceptional development opportunities in Owasso, Oklahoma, situated conveniently near St. John’s Hospital. This prime location boasts a park-like setting centered around an 8-acre lake, providing a serene and attractive environment for future development. The property comprises several distinct parcels, ideal for a variety of uses. Available lots include a 2-acre parcel suitable for housing (Lot 1, Block 1)

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Owasso
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.8317
    Latitude
    36.2905

    Comparable in this City

    • Value Estimation by Request
      2.51 Acres

      10320 129 Ave

      Land • 2.51 Acres
      10320 129 Ave, Owasso, OK 74055
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      1.70 Acres

      11298 Ν. 135

      Land • 1.70 Acres
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      46.98 Acres

      Memorial Dr

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      6.58 Acres

      10865 106Th St

      Land • 6.58 Acres
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      14497 86Th St

      Land
      14497 86Th St, Owasso, OK 74055
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    • Value Estimation by Request

      110Th St

      Land
      0 110Th St, Owasso, OK 74055
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    • $1,372,140
      6.30 Acres

      Owasso Commercial Land Investment Opportunity

      Prime Owasso acreage, highway visibility, zoned CS.
      11298 N. 135th E. Avenue, Owasso, OK 74055
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      Land Available in Owasso

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      Land Available in Owasso, OK

      Land available for sale at 9135 N Owasso Expy, Owasso, OK.
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    Similar Nearby for Lease

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      Corner Land for Lease

      Land available on corner lot near major retailers.
      11499 N 135Th East Ave, Owasso, OK 74055
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    • $10 SF/Yr
      7,625 SF

      Owasso Warehouse Space Available

      7,625 square foot warehouse space for lease in Owasso.
      7475 North 104Th East Ave, Owasso, OK 74055
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      6,331 SF

      Retail Space in Owasso Power Center

      Retail spaces available in a high-traffic, anchored power center.
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    • $10 SF/Yr

      New Industrial Space in Owasso

      New construction Class A industrial building with office space.
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    • $10 SF/Yr
      7,625 SF

      Owasso Warehouse Space Available

      7,625 SF warehouse space available for lease in Owasso.
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    • $15 SF/Yr
      64,800 SF

      5th Avenue Business Park Warehouses

      Owasso, OK industrial warehouse space for lease.
      0 5Th St, Owasso, OK 74055
      View Details
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    Hwy 169 & 129 Ave
    Owasso, OK 74055
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    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
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