Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    001 Shoemake Rd Bennington, OK 74723

    Sponsored
    For Sale
    $339,900

    Over 5 Acres - Bennington, OK

    Lot size:
    55.90 Acres
    Days on Market:
    178
    Last Refresh:
    Jan 21 at 11:06 pm

    Property Features for 001 Shoemake Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    AG
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    55.90 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brent Lyday

    Legacy Premier Properties,LLC (580) 504-4641 [email protected]

    Listing agent Brent Lyday (580) 504-4608 License #157090

    Listing date Jul 28, 2025

    MLS# 2527134 Listing URL

    Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    55+ Acres with Stocked Pond

    This 55.9-acre property, located just outside Bokchito, OK, presents a blank canvas with a 4.5-acre stocked pond, along with two smaller ponds. The land features Bermuda and native grasses and a seasonal creek. Solid perimeter and cross-fencing are in place. Clusters of mature trees are scattered throughout the property, which is home to abundant wildlife. The property is suitable for building a home or cabin, offering a quiet country setting with rolling views. It is ideal for hunting, fishing, and other outdoor recreation. The land is ready for use as a homestead, hunting retreat, or sustainable farm. The property is located within 20 minutes of Choctaw Casino and 2.5 hours from metropolitan areas. An additional 137 acres with a Ranch Foreman Home is available for purchase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Bennington
    County
    Bryan
    State
    Oklahoma
    Longitude
    -96.091488
    Latitude
    34.055359

    Nearby Similar for Sale

    • $399,000
      3,610 SF

      Winery, Venue, Unlimited Potential

      9.7 acres with winery, venue, and no zoning restrictions.
      488 Rock House Rd, Bennington, OK 74723
      View Details
    • $35,400,000
      3,000.00 Acres

      3000+ Acre Ranch with River Frontage

      Expansive ranch property with Blue and Red River frontage.
      103 Hyde Lake Rd, Bennington, OK 74723
      View Details
    • $399,000
      3,610 SF

      Bennington Winery, Venue & Vineyard

      9.7 acre winery and venue property with endless possibilities.
      488 Rock House Rd, Bennington, OK 74723
      View Details
    • $1,200,000
      1,745 SF

      Tranquil Acres Cattle Ranch

      80-acre cattle ranch with home, ponds, and outbuildings.
      5320 Lake West Rd, Bennington, OK 74723
      View Details

    FAQs

    What type of property is this?
    Agricultural land - Land with stocked pond ideal for recreation or homesteading.
    Where is this agricultural land located?
    The property is located at 001 Shoemake Rd Bennington, OK.
    What is the asking price?
    The asking price for this property is $339,900.
    What are key features of this property?
    This property features: - 55.9 acres of land with Bermuda and native grasses.; - Enjoy a 4.5-acre stocked pond and two smaller ponds.; - Perimeter and cross-fencing already in place.
    (580) 504-4608
    Request Owner's contact information
    001 Shoemake Rd Bennington, OK 74723
    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.
    001 Shoemake Rd
    Bennington, OK 74723
    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
    001 Shoemake Rd Bennington, OK 74723
    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

    We can help!
    Listing Contact
    Brent Lyday
    Real Estate License ID: 157090
    (580) 504-4608
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.