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Property profile & analytics
OFF-MARKET
Commercial real estate

19680 Luther Rd Luther, OK 73054

7,200 SF 25 ac lot Built 2016
Property ID
US69-0987659
Property summary
AI-generated overview

This exceptional 7,200 square foot event center, situated on a sprawling 25-acre lot (more or less), presents a unique investment opportunity. Built in 2016 and renovated in 2023, the property boasts a gabled roof design and is ideally positioned near US Highway 66, offering convenient access to the Turner Turnpike and Kickapoo Turnpike. The property includes a remodeled office outbuilding, enhancing its functionality. The land value alone is attractive, at $1.40 per square foot. Located in the town of Luther, Oklahoma (Oklahoma County, zip code 73054), this property is zoned AG1 and benefits from easy access to major transportation routes. The property's location offers convenient access to the southbound Kickapoo Turnpike cloverleaf. Further details on zoning and development can be found on the Town of Luther's website. The Oklahoma County Assessor's parcel number is R168642950, and the FEMA map identifier is 40083c0575f (100-year flood area). This property is perfect for an investor seeking a well-established and easily accessible event venue with significant expansion potential. The asking price is $1,625,000.

Property profile
Verified
Property type Commercial real estate
Year built 2016
Total area 7,200 SF
Lot 25 ac (1,089,000 SF)
UPID US69-0987659
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Barn at Broken Horn Ranch Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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