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16500 E Danforth Road
About This Property
Imagine your custom-built home overlooking sparkling ponds, surrounded by open, level land that's ready for immediate development – minimal site work needed, with easy utility access and panoramic views. The ponds add stunning aesthetics (perfect for wildlife, fishing, relaxation, or livestock watering), while the flat terrain makes it exceptionally horse-friendly – ample space for pastures, arenas, barns, fencing, or equestrian facilities.
Location sets this apart: Enjoy quiet countryside living with quick commutes – just minutes to Edmond for top schools and shopping, Oklahoma City for urban amenities and jobs, and charming downtown Arcadia for local flavor. Historic Route 66 frontage adds iconic character and excellent road access, making this a standout in the growing OKC metro area.
This is a truly rare opportunity – acreage with Route 66 frontage, multiple ponds, and build-ready land rarely hits the market near Edmond and OKC. Whether you're seeking a private retreat, horse property near Oklahoma City, or smart land investment, the possibilities are endless.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 18, 2026 | Price Decreased |
$549,000
↓ $46K
(7.7%) | |
| Price Decreased | |||
| Feb 18, 2026 | Listed by Metro Mark Realtors | $595,000 | |
| Listed by Metro Mark Realtors | |||
| Jul 22, 2005 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017