Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    167 Katie Ln Ardmore, OK 73401

    • Agricultural properties
    • 2,520 SF
    • 0.66 lot acres
    OFF-MARKET
    Last Sale
    Mar 17, 2025
    $225,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-2142259
    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

    • Agricultural properties

    Property Details for 167 Katie Ln

    Year built
    2005
    Lot size
    0.66 lot acres
    Property size
    2,520 SF
    Property type
    Agricultural properties
    APN
    2990-29-04S-01E-3-024-00
    APU
    29902904S01E302400

    Description

    This exceptional 5,000-square-foot warehouse, situated on a 0.67-acre lot in Lone Grove, Oklahoma, presents a compelling investment opportunity. The property boasts a single building with four dock-high doors, providing efficient loading and unloading capabilities. Ideal for industrial use, this warehouse is equipped for immediate occupancy and expansion. The property features 1600 amps of three-phase power, ensuring ample energy for operations. A fully fenced perimeter enhances security. The location offers convenient access to major transportation routes, with proximity to Lake Texoma (approximately one hour away) and both Dallas and Oklahoma City (approximately one and a half hours away). The interior includes two cultivation rooms, each equipped with LED lighting (86 lights in one room and 74 in the other), controlled by a Trollmaster system. Additional features include rolling tables, Quest dehumidifiers, a CO2 system, and an RO system. Significant space remains for future expansion at the rear of the property. This turnkey operation is priced at $600,000 and represents a rare opportunity for immediate return on investment. The property is located at 167 Katie LN, Lone Grove, OK 73401.

    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
    Ardmore
    County
    Carter
    State
    Oklahoma
    Longitude
    -97.226
    Latitude
    34.1755
    CBSA code
    11620
    CBSA name
    ARDMORE, OK MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,671
    $4,686
    $30,294
    $34,980
    -
    $39,053
    $252,452
    $291,505

    Comparable in this City

    • Value Estimation by Request
      2,310 SF

      829 Lk Murray S Dr

      FARM SUPPLY & EQUIPMENT • 2,310 SF
      829 Lk Murray S Dr, Ardmore, OK 73401-3835
      View Details
    • Value Estimation by Request
      4,000 SF

      108 Michelin Rd

      FARM SUPPLY & EQUIPMENT • 4,000 SF
      108 Michelin Rd, Ardmore, OK 73401-1086
      View Details
    • Value Estimation by Request
      1,353 SF

      15921 Us Hwy 77

      FARM SUPPLY & EQUIPMENT • 1,353 SF
      15921 Us Hwy 77, Ardmore, OK 73401-6946
      View Details
    • Value Estimation by Request
      3,200 SF

      1967 Sam Noble Pkwy

      FARM SUPPLY & EQUIPMENT • 3,200 SF
      1967 Sam Noble Pkwy, Ardmore, OK 73401-1611
      View Details
    • Value Estimation by Request
      4,050 SF

      1901 Mcclain Rd

      FARM SUPPLY & EQUIPMENT • 4,050 SF
      1901 Mcclain Rd, Ardmore, OK 73401-9278
      View Details
    • Value Estimation by Request
      4,960 SF

      58 Smokey Rdg Rd

      FARM SUPPLY & EQUIPMENT • 4,960 SF
      58 Smokey Rdg Rd, Ardmore, OK 73401-5581
      View Details

    Similar Nearby for Sale

    • $350,000
      19.62 Acres

      19.62 Acres in Carter County

      Partially cleared/wooded land with hoop houses and barns.
      58 Smokey Ridge Rd, Ardmore, OK 73401
      View Details
    • $250,000
      Pending

      39 Acres with Hoop Houses

      39.24 acres with mobile home, hoop houses, and shops.
      1416 Smokey Ridge Rd, Ardmore, OK 73401
      View Details
    • $419,000
      11.95 Acres

      Ardmore Vacant Land with Barndominium

      11.95 acres with new barndominium near Ardmore, Oklahoma.
      203 Fernwood Rd, Ardmore, OK 73401
      View Details
    • $599,000
      10,240 SF

      538 Case Rd, Ardmore, OK 73401

      Investment properties • 10,240 SF
      538 Case Rd, Ardmore, OK 73401
      View Details
    • $1,850,000

      Crossroads Ardmore Development Land

      Prime I-35 Ardmore commercial land.
      I-35 Dr, Ardmore, OK 73401
      View Details
    • $499,000
      2,124 SF

      Ardmore Restaurant - $499,000

      Prime Ardmore eatery, high-volume kitchen.
      1105 Washington St, Ardmore, OK 73401
      View Details

    Similar Nearby for Lease

    • $949,000
      11,600 SF

      Industrial Warehouse with Secured Yard

      11,600 SF warehouse with office, fenced yard, dock.
      215 N Rockford Rd, Ardmore, OK 73401
      View Details
    • Contact for pricing
      47,061 SF

      Ardmore Retail Center - Prime Location

      High-traffic retail space, multiple suites available.
      320 Commerce St, Ardmore, OK 73401
      View Details
    • Contact for pricing
      610 SF

      Ardmore Retail Property For Rent

      New 610 SF retail property in prime Ardmore location.
      1201 N Commerce St, Ardmore, OK 73401
      View Details
    • Contact for pricing
      25,243 SF

      Ardmore Commons

      Power centers • 25,243 SF
      2401 12Th Ave, Ardmore, OK 73401
      View Details
    • Contact for pricing
      177,196 SF

      Ardmore Retail Pad Sites Investment

      Prime Ardmore retail land, 5 pads available.
      0 12Th Ave, Ardmore, OK 73401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    167 Katie Ln
    Ardmore, OK 73401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.