10505 Garnett Rd Owasso, OK 74055
Exceptional investment opportunity: a 4.36-acre, shovel-ready self-storage development site in Owasso, Oklahoma (Tulsa MSA), is available for $1,200,000. This represents a land value of $275,229 per acre. The property, located at 10505 N Garnett Rd, Owasso, OK 74055 (Tulsa County, APN 91417-14-17-31010), is zoned Commercial General (CG) and has secured all necessary permits from Tulsa County for a 313-unit, 62,500+ square foot single-story self-storage facility. Site preparation is complete, including land clearing, leveling, and dirt work. Architectural and engineering plans are finalized. Owasso is experiencing rapid population growth, ranking as the third fastest-growing city in Oklahoma, with a 4.7% increase (1,834 people) between July 2022 and July 2023. Its strategic location provides easy access to Tulsa International Airport, Tulsa Port of Catoosa, and Cherokee Industrial Park. Over 860,000 people reside within a 30-minute drive, and over 1 million within 50 miles of downtown Owasso. Major transportation arteries, including US Highways 75 and 169, and State Highway 20, serve the area. The robust local economy includes aerospace, healthcare, energy, and logistics sectors. Significant residential development further supports this opportunity, including the recently completed Park 107 (260 units), the under-construction Casa Del Mar (240 units), and several new single-family home communities totaling over 239 homes within close proximity. This presents a compelling opportunity to capitalize on the strong demand for self-storage in a rapidly expanding market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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