Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Heavener, OK Land with Waterfall Title is generated by Realmo AI

    000 SH-128, Heavener, OK 74937

    View on Map
    Claim this Listing
    For Sale
    $120,750

    LAND - Heavener, OK

    Lot size:
    22.25 Acres
    Added:
    Jan 14, 2026
    Days on Market:
    132
    Last Refresh:
    May 26 at 5:06 am

    Property Features for 000 SH-128

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0000-28-05N-26E-0-010-00
    Lot size
    22.25 Acres

    Taxes and HOA fees

    Tax Description
    SEC 28 TWP 5N RNG 26E E735 NE SE B1787 P362.
    Tax Annual Amount
    16

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Ashlee Bentley

    Listing agent Ashlee Bentley

    Listing office Real Broker, LLC 400 W Capital Ave. Ste 17, Little Rock, OK

    Listing date Jan 14, 2026

    MLS# 1086535 Listing URL

    Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Unobstructed views of the Ouachita Mountain Range from a picturesque pond
    • Enjoy a private, seasonal waterfall and established hiking trails
    • Electricity and rural water available at the street
    • Direct access via State Hwy 128
    • Located just 3.5 miles from Heavener
    • Bordered by larger acreages, ensuring privacy and seclusion

    Overview

    This approximately 22-acre tract is located on the southern slope of Middle Mountain, part of the Poteau Mountain Range, just 3.5 miles from Heavener and within a 45-minute drive to Fort Smith, AR. The land features an elevation shift from 780 feet at the northwest corner to 600 feet at the southern edge. Established hiking trails provide access to a seasonal waterfall along the eastern boundary. A separate grass path leads to an expansive open field on the south side, featuring a pond bank with views of the Ouachita Mountain Range. Electricity and rural water are available at the street, and the area is suitable for private wells and septic systems. The property has direct entry via State Hwy 128 with a shared private drive (ingress/egress easement provided) and is bordered by larger acreages. The land is suited for building a custom mountain-view home or a weekend cabin.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Heavener
    County
    Le Flore
    State
    Oklahoma
    Longitude
    -94.6497
    Latitude
    34.7143

    Nearby Similar for Sale

    • $650,000
      5,000 SF

      Heavener Commercial Property on SH59

      Commercial property on high-traffic SH59 in Heavener, Oklahoma.
      910 W 1st Street, Heavener, OK 74937
      View Details
    • $395,000
      5,080 SF

      Heavener Commercial/Warehouse/Office Store

      Commercial property with warehouse and office space on SH59.
      1000 W 1st ST, Heavener, OK 74937
      View Details
    • $250,000
      2,185 SF

      Versatile Commercial Property in Heavener

      Commercial property with highway frontage, flexible layout, and ample parking.
      704 Highway 270, Heavener, OK 74937
      View Details
    • $349,000
      4,000 SF

      Heavener Commercial Warehouse on SH59

      4000 SF warehouse with attached shed and concrete paving.
      910 W 1st ST, Heavener, OK 74937
      View Details
    • $650,000
      10,000 SF

      Heavener Commercial Property on SH59

      Commercial property on SH59 in Heavener, OK with high traffic.
      910 W 1st ST, Heavener, OK 74937
      View Details
    • $179,000
      704 SF

      Heavener, OK Commercial Opportunity

      Liquor store on corner lot with high visibility.
      100 1st ST, Heavener, OK 74937
      View Details
    • $179,000
      704 SF

      Heavener, OK Retail Opportunity

      High-visibility corner lot retail store in Heavener, Oklahoma.
      100 W 1st, Heavener, OK 74937
      View Details
    • $315,000
      2,376 SF

      Heavener Mixed-Use Commercial Property

      Commercial and residential potential on over 3 acres in Heavener.
      45143 US Hwy 59, Heavener, OK 74937
      View Details
    • $77,000

      Heavner, OK Vacant Land

      7-acre recreational land with utilities near Runestone Mountain.
      14002 Sugar Creek Lane, Heavner, OK 74937
      View Details
    • $117,000

      Heavener, OK Land with Outbuildings

      26+/- acres with outbuildings, pond, pasture, and views.
      22490-A Conser RD, Heavener, OK 74937
      View Details
    • $151,875

      Heavener, OK Land Parcel

      33.75 acre parcel with multiple storage and production buildings.
      22490-B Conser RD, Heavener, OK 74937
      View Details
    • $379,000

      Heavener, OK Land with Outbuildings

      86.25+/- acres with multiple outbuildings, ponds, pasture, and views.
      22490 Conser RD, Heavener, OK 74937
      View Details

    FAQs

    What type of property is this?
    Recreation land - 22-acre Heavener, OK land with waterfall and mountain views.
    Where is this recreation land located?
    The property is located at 000 SH-128 Heavener, OK.
    What is the asking price?
    The asking price for this property is $120,750.
    What are key features of this property?
    This property features: Unobstructed views of the Ouachita Mountain Range from a picturesque pond; Enjoy a private, seasonal waterfall and established hiking trails; Electricity and rural water available at the street
    (855) 450-0442
    We can help!
    Listing Contact
    Ashlee Bentley
    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.
    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

    Thank You for Inquiry
    000 SH-128, Heavener, OK 74937
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!