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    12525 E 116Th St North Collinsville, OK 74021
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    12525 E 116Th St North Collinsville, OK 74021

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    • Commercial land
    For Sale
    $1,990,000
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    Prime Commercial Land in Owasso For Sale
    $1,990,000
    7.53 Acres

    Prime Commercial Land in Owasso

    7.53 acres ideal for retail, office, or mixed-use development.

    12525 E 116th North Street, Collinsville, OK 74021
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    Property ID
    US69-0743744
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 12525 E 116Th St North

    Year built
    1972
    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Situated in the rapidly growing area of Owasso, this property offers excellent visibility and accessibility. Located just a 1/2 mile from Highway 169 on the recently new and widened E. 116th Street North. With 7.53 acres of flat, usable land, this property is ideal for a variety of commercial de ... velopments including retail centers, office complexes, or mixed-use projects. The property is fully serviced with essential utilities including water, electricity, and sewer connections, making it ready for immediate development. Conveniently located near major highways and thoroughfares, providing easy access for customers, employees, and suppliers. Close to shopping centers, restaurants, schools, and residential neighborhoods, enhancing the appeal for potential businesses and their customers. Owasso is one of the fastest-growing cities in Oklahoma, offering a supportive business environment and a robust local economy. Ample space for designing extensive parking facilities to accommodate future business needs. Potential for incorporating green spaces or landscaping to enhance the property’s aesthetic appeal and environmental sustainability. Nearby retail centers include Target, Walmart, and various local shops and services. This 7.53-acre commercial property in Owasso, OK, presents a unique investment opportunity. The location, combined with the extensive space and development potential, makes it an ideal choice for developers looking to capitalize on the growth of this vibrant community. Whether you're planning a retail center, office park, or a mixed-use development, this property offers the flexibility and infrastructure needed to bring your vision to life. Appraisal available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.83392
    Latitude
    36.323223

    Comparable in this City

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      Collinsville Commercial Land For Sale

      0.72 acre commercial land with highway frontage in Collinsville, OK.
      5732 E 146Th St North, Collinsville, OK 74021
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    • $1,159,770

      Highway Frontage Land For Sale

      Commercial land available on Highway 20 in Collinsville, OK.
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    • $625,000
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      Collinsville Commercial Land For Sale

      1.668 acre commercial land with highway frontage in Collinsville, OK.
      12711 N 135Th East Ave, Collinsville, OK 74021
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    • $160,000

      Commercial Lot Near Highway 169

      2.316 acre commercial lot with highway access.
      15693 N 137Th East Ave, Collinsville, OK 74021
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    • $1,700,000

      Highway Frontage Commercial Land

      High-visibility commercial land with highway frontage and development potential.
      13802 E 122Nd St N, Collinsville, OK 74021
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    Similar Nearby for Sale

    • Contact for pricing

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      80 Acres Commercial Potential Land

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    • $1,622,240

      Prime Land in Growing Owasso

      Land suitable for various commercial developments in a growing area.
      13308 E 122Nd St N, Collinsville, OK 74021
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      80 Acres Commercial Land Potential

      80 acres of land with commercial potential and road frontage.
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    • $866,220
      1.33 Acres

      Collinsville Commercial Land For Sale

      1.33 acre commercial lot with highway frontage in Collinsville, OK.
      5538 E 146Th St North, Collinsville, OK 74021
      View Details
    • $1,662,240

      Prime Land in Growing Owasso

      Development opportunity in growing Owasso, suitable for various commercial uses.
      13316 E 122Nd St N, Collinsville, OK 74021
      View Details
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    Collinsville, OK 74021
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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.

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    12525 E 116Th St North, Collinsville, OK, 74021
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