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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5602 Hwy 66 El Reno, OK 73036-9709

    • Commercial land
    • 5,000 SF
    • 10.06 lot acres
    OFF-MARKET
    Value Estimations
    $935,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0356416
    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

    • Commercial land

    Property Details for 5602 Hwy 66

    Year built
    2019
    Construction
    WOOD FRAME
    Lot size
    10.06 lot acres
    Property size
    5,000 SF
    Property type
    Commercial land
    APN
    90030399
    APU
    90030399

    Description

    This exceptional 5,000-square-foot Class A industrial building, constructed in 2019, sits on a spacious 5.6-acre lot in El Reno, Oklahoma. Ideally situated on Hwy 66, this single-tenant property offers a 18-foot ceiling height, four 10x14-foot drive-in bays, and 3-phase power. The building boasts a well-appointed office area featuring four private offices, two restrooms, a lab, and a breakroom. The expansive yard is fully fenced with a 6-foot cyclone fence and 3-barb topper, providing ample secure space. LED lighting illuminates both the shop and office areas. This property is available for sublease with approximately four and a half years remaining on the primary lease term. The building was originally a build-to-suit for Clariant Corp, reflecting high-quality construction and design. Zoned for industrial use, this property presents a unique opportunity for businesses seeking a well-maintained, modern facility in a prime El Reno location. The 250-foot frontage on Hwy 66 ensures excellent visibility and accessibility. This is a single-story building with a distribution and manufacturing subtype. The property's address is 5602 E Hwy 66, El Reno, OK 73036.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,015,000
      6.5%
      $935,000
      7%
      $870,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $775,000
      Market price range: $519k - $1.71M

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

    Location Insight

    • Map
    • Local Demand
    City
    El Reno
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.8922
    Latitude
    35.5057
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN 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
    $1,769
    $23,190
    $0.00
    $23,190
    -
    $241,018
    $0.00
    $241,018

    Comparable in this City

    • Value Estimation by Request
      23.56 Acres

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    • Value Estimation by Request
      7.85 Acres

      El Reno, OK 73036

      VACANT COMMERCIAL LAND • 7.85 Acres
      El Reno, OK 73036
      View Details
    • Value Estimation by Request
      5.00 Acres

      El Reno, OK 73036

      VACANT COMMERCIAL LAND • 5.00 Acres
      El Reno, OK 73036
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    • Value Estimation by Request
      1.22 Acres

      El Reno, OK 73036

      VACANT COMMERCIAL LAND • 672 SF
      El Reno, OK 73036
      View Details
    • Value Estimation by Request
      1.69 Acres

      El Reno, OK 73036

      VACANT COMMERCIAL LAND • 2,491 SF
      El Reno, OK 73036
      View Details
    • Value Estimation by Request
      5.50 Acres

      El Reno, OK 73036

      VACANT COMMERCIAL LAND • 2,464 SF
      El Reno, OK 73036
      View Details

    Similar Nearby for Sale

    • $3,000,000

      El Reno Commercial Land

      5.58 acres at a busy intersection near I-40.
      1646 State Highway 66 E, El Reno, OK 73036
      View Details
    • $220,000
      10.00 Acres

      El Reno 10-Acre Land Parcel

      10 acres of land in El Reno, Canadian County, Oklahoma.
      7145 S Manning Rd, El Reno, OK 73036
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    • $9,800,000
      44.34 Acres

      El Reno Industrial Complex

      Large industrial complex with diverse buildings and acreage.
      6150 E. Highway 66, El Reno, OK 73036
      View Details
    • $89,000
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      Residential Land in El Reno, OK

      1.75 acre residential lot, ready for new construction.
      N Gregory Rd, El Reno, OK 73036
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    • $696,960
      16.00 Acres

      I-40 Commercial Land - El Reno, OK

      16 Acres, Ready for Development, Excellent Visibility
      0 Hwy 66 & Radio Rd, El Reno, OK 73036
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    • $109,000
      2.02 Acres

      Residential Land in El Reno

      2.02 acre residential lot, ideal for building a home.
      N Gregory Rd, El Reno, OK 73036
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    Similar Nearby for Lease

    • Contact for pricing

      El Reno Industrial Land Available

      Industrial land for lease in El Reno, Canadian County, OK.
      2412 S Choctaw Ave, El Reno, OK 73036
      View Details
    • Contact for pricing
      1 SF

      Crossroads Pointe: El Reno Retail Land

      Prime I-40 Retail Opportunity: El Reno, OK
      0 Neq I-40 & Hwy 81, El Reno, OK 73036
      View Details
    • $7 SF/Yr
      8,000 SF

      El Reno Industrial Flex Space

      8,000 SF Flex Space - Ideal for Diverse Uses
      108 27Th St, El Reno, OK 73036
      View Details
    • $10,950,000
      57,210 SF

      El Reno Warehouse For Rent

      57,210 square foot warehouse space available for lease.
      3401 S Radio Rd, El Reno, OK 73036
      View Details
    • Contact for pricing
      7,450 SF

      El Reno Warehouse with Bays

      7,450 SF office/warehouse with drive-through bays for lease.
      1900 SW 27Th St, El Reno, OK 73036
      View Details
    • $6,000 /Mo
      8,040 SF

      Modern Commercial Space in El Reno

      8,000 sq ft commercial property on 2.35 acres in El Reno.
      1605 E Highway 66, El Reno, OK 73036
      View Details
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    El Reno, OK 73036-9709
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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.

    More about this property
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