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

    316 Jones Rd NE El Reno, OK 73036

    • Live-work space
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Live-work space

    Property Details for 316 Jones Rd NE

    Year built
    1977
    Property type
    Live-work space
    Property subtype
    Residential income properties

    Description

    This exceptional El Reno property offers 2,203 square feet of comfortable living space, featuring three generously sized bedrooms and two and a half bathrooms. The primary bedroom boasts a walk-in closet and en-suite bathroom. A jack-and-jill bathroom connects two additional bedrooms, offering convenience. The spacious living room includes a fireplace and patio access, seamlessly flowing into the open kitchen and dining area. The kitchen is well-equipped with ample wood cabinetry and counter space, along with white appliances. A bonus room with abundant natural light overlooks the backyard. The home features newer windows and a new HVAC system. Situated on approximately 0.05 acres, this property also includes an impressive 88x58 shop with an 8-inch concrete slab. Adding to its versatility, the shop features 420 square feet of brand new, climate-controlled living quarters, insulated with spray foam and equipped with two mini-split systems. Mature trees enhance the property's curb appeal. This unique live-work opportunity combines the tranquility of country living with the convenience of El Reno's proximity. Don't miss this chance to own a truly special property.

    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
    El Reno
    County
    State
    Oklahoma

    Comparable in this City

    • $1,500,000
      3,361 SF

      Historic Land Run RV Park

      Farmhouse with RV park near I-40, rebuilt in 2016.
      3808 S Manning Rd, El Reno, OK 73036
      View Details
    • $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
      View Details
    • $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
      View Details
    • Contact for pricing

      El Reno Restaurant - Prime Location

      Route 66 Restaurant Space, High Traffic Area
      2415 Country Club Rd, El Reno, OK 73036
      View Details
    • $1,019,304
      2.11 Acres

      El Reno Commercial Land Opportunity

      2.11-Acre Restaurant/Retail Site
      1300 Country Club Rd, El Reno, OK 73036
      View Details
    • $94,000
      2.04 Acres

      Residential Land in El Reno

      2.04 acre residential lot perfect for a dream home.
      11020 N Banner Rd, El Reno, OK 73036
      View Details

    Similar Nearby for Sale

    • $1,500,000
      3,361 SF

      Historic Land Run RV Park

      Farmhouse with RV park near I-40, rebuilt in 2016.
      3808 S Manning Rd, El Reno, OK 73036
      View Details
    • $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
      View Details
    • $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
      View Details
    • Contact for pricing

      El Reno Restaurant - Prime Location

      Route 66 Restaurant Space, High Traffic Area
      2415 Country Club Rd, El Reno, OK 73036
      View Details
    • $1,019,304
      2.11 Acres

      El Reno Commercial Land Opportunity

      2.11-Acre Restaurant/Retail Site
      1300 Country Club Rd, El Reno, OK 73036
      View Details
    • $94,000
      2.04 Acres

      Residential Land in El Reno

      2.04 acre residential lot perfect for a dream home.
      11020 N Banner Rd, El Reno, OK 73036
      View Details

    Similar Nearby for Lease

    • $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
    • $14 SF/Yr
      4,994 SF

      Park View Building: El Reno Office Space

      Prime El Reno Office, 1,300-3,745 SF Available
      2005 Parkview Dr, El Reno, OK 73036
      View Details
    • $10,000 /Mo
      17,000 SF

      Warehouse with Fenced Lot

      17,000 SF warehouse with drive-in doors and fenced lot.
      2000 SW 27Th St, El Reno, OK 73036
      View Details
    • 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
    • $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
    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.
    316 Jones Rd NE
    El Reno, OK 73036
    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.