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11940 86th N St Owasso, OK 74055-2537

Commercial land Google Maps
6,800 SF 0.62 ac lot Built 1981
Trust Owned 18-yr Hold Free & Clear
No photos on file
For Sale
Contact for pricing 6,800 SF
11940 86th N St, Owasso, OK 74055-2537
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Estimated value (blended)
$300k
Range $270k – $330k (±10%)
Property ID US69-0756997

Property summary

AI-generated overview

This exceptional 0.62-acre commercial lot in Owasso, Oklahoma, presents a unique investment opportunity. Located at 11940 East 86th St N, 74055, this previously developed site boasts stunning lake views and benefits from a highly desirable location. The property enjoys exceptional visibility due to its placement on a busy Owasso street with a daily traffic count of 18,000 vehicles. Its strategic position directly across from a large shopping plaza ensures high foot traffic and excellent brand exposure. Furthermore, the proximity to Owasso High School, less than one mile away and serving approximately 3,000 students, adds significant potential for businesses catering to a young and active demographic. The lot is suitable for a single tenant and is available for lease at a monthly rate of $6,000. This property offers a compelling combination of high visibility, convenient location, and strong demographic appeal, making it an ideal investment for discerning businesses seeking a prime location in a thriving community. The 0.62-acre size provides ample space for development, allowing for flexibility in design and functionality.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1981
Construction WOOD FRAME
Total area 6,800 SF
Lot 0.62 ac (26,833 SF)
Zoning code O
APN 61415-14-29-51915
UPID US69-0756997

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$200k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2008
1 recorded transaction
2008
Price N/A

Zoning & alternative use

O · Owasso, OK
Zoning description

c. Expected date by which a Building Permit or C/O will be obtained or the approved final plat for the property filed with the respective County Clerk’s office. 16.2 Temporary Use Permits. 16.2.1 Purpose. This Section pr…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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