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    1 Dogwood Ln Afton, OK 74331

    • Commercial real estate
    • 1.25 lot acres
    For Sale
    View listing
    $1,200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0884964
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1 Dogwood Ln

    Year built
    1985
    Lot size
    1.25 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional Grand Lake property offers a unique investment opportunity. Situated on approximately 1.25 acres in a desirable deep-water cove on Monkey Island, the property includes a 41-slip marina, generating immediate income potential. The marina's location provides excellent access to the lake's recreational activities. Further development opportunities exist on the substantial acreage. A stunning 5,000 square foot home, boasting six bedrooms and six bathrooms, is also available. This luxurious residence offers breathtaking water views and is conveniently located steps from the marina. Its VRBO-friendly nature presents additional income potential. Two additional waterfront lots, each offering picturesque lake views, are also available for purchase. This comprehensive package presents a rare chance to acquire a thriving business, a luxurious home, and prime lakefront land, either as a complete portfolio or individually. The property's combination of established income streams and development potential makes it an attractive proposition for investors and lake enthusiasts alike. The existing infrastructure and prime location provide a solid foundation for continued success and growth. Don't miss this chance to own a piece of Grand Lake paradise. The asking price for the marina is $1,200,000. The home is priced at $849,900, and the two additional lots are listed at $149,900 each.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Afton
    County
    Delaware
    State
    Oklahoma
    Longitude
    -94.96095
    Latitude
    36.53219

    Comparable in this City

    • Contact for pricing
      92.43 Acres

      Monkey Island Commercial Land

      Grand Lake Waterfront Mixed-Use Opportunity
      0 Monkey Is, Monkey Island, OK 74331
      View Details
    • $210,000

      Land with Barn and Pond

      Bare land featuring a pond, barn, and fenced grounds.
      East 220 Rd, Afton, OK 74331
      View Details
    • $695,000
      12.31 Acres

      Residential Lots Ready For Construction

      12.31 acre platted development with 40 approved residential lots.
      30186 S 565 Rd, Afton, OK 74331
      View Details
    • $250,000
      0.36 Acres

      Residential Lots with Lake Views

      Two residential lots in Afton, OK, with lake views.
      76 Circle Dr, Afton, OK 74331
      View Details
    • $185,000
      Pending

      Afton Land with Ponds, Creek

      46-acre Afton property with ponds and creek, ideal for recreation.
      S 520 Rd, Afton, OK 74331
      View Details
    • $1,800,000
      18.92 Acres

      Afton Land with Highway Frontage

      19 acre tract with highway frontage near Bernice State Park.
      Highway 85A, Afton, OK 74331
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      92.43 Acres

      Monkey Island Commercial Land

      Grand Lake Waterfront Mixed-Use Opportunity
      0 Monkey Is, Monkey Island, OK 74331
      View Details
    • $155,000
      21.92 Acres

      Vacant Land in Adair, OK

      21.92 acres of vacant land for sale in Adair.
      000 434 Rd & E 350, Adair, OK 74331
      View Details
    • $222,000
      1.21 Acres

      Monkey Island Acreage with Potential

      1.21-acre parcel near Grand Lake with commercial/residential potential.
      E 280 Rd, Monkey Island, OK 74331
      View Details
    • $6,765,000
      Pending

      1470-Acre Ranch with 18 Ponds

      Exceptional ranch featuring ponds, pastures, and ample space.
      46225 E 200 Rd, Afton, OK 74331
      View Details
    • $30,000
      0.55 Acres

      Afton, OK Lake View Lot

      Half-acre lot near Grand Lake, mobiles allowed, mature trees.
      E 265 Rd, Afton, OK 74331
      View Details
    • New
      $162,500
      20.38 Acres

      20 Acres Near Lake

      Land with live spring, close to the lake.
      25960 S 548 Rd, Monkey Island, OK 74331
      View Details
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    Afton, OK 74331
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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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