239 John Sam Rd Kiowa, OK 74553
This exceptional 40-acre commercial property in Kiowa, Oklahoma, presents a unique investment opportunity. Located at 239 John Sam Road, 74553, this expansive lot encompasses 1,742,400 square feet and features a 1,736 square foot barndominium built in 2016, boasting two bedrooms and one bathroom. The property's history includes use as a medical cannabis grow operation, with approximately twenty greenhouses currently on-site. A substantial building, previously used for growing and processing, offers significant repurposing potential for various commercial ventures. The possibilities are vast, from greenhouse farming to a complete transformation for a rural lifestyle. The property benefits from rural water access, two ponds, and a cistern, adding to its versatility. Hunters will appreciate the ample space for recreational pursuits. Enjoy the seclusion of this end-of-the-road location, offering remarkable privacy. The asking price is $325,000. This property is zoned for commercial use and presents a rare chance to acquire a large, versatile tract with existing structures in a peaceful, rural setting. The property's unique history and substantial size make it an ideal canvas for creative entrepreneurs and investors seeking a distinctive commercial venture.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.