Add Listing
    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

    Tract 10 Lakeview Drive Spiro, OK 74959

    View on Map
    Claim this Listing
    For Sale
    $88,125

    Vacant Land - Spiro, OK

    Lot size:
    11.75 Acres
    Added:
    Feb 2, 2026
    Days on Market:
    68
    Last Refresh:
    Apr 11 at 6:06 pm

    Property Features for Tract 10 Lakeview Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    100
    Parking features
    Garage
    Standard status
    Active
    Lot size
    11.75 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Elizabeth Jones

    Listing agent Elizabeth Jones

    Listing office Cardenas & Associates Realty 1302 N. Broadway, Suite A, Poteau, OK

    Listing date Feb 2, 2026

    MLS# 11640916 Listing URL

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

    Overview

    Unrestricted Land Near Spiro, OK

    This 11.75-acre property features mature hardwoods, peaceful natural scenery, and gently rolling terrain. Located 4 minutes from Spiro and a short drive to Fort Smith, it offers both seclusion and convenience. The land is unrestricted, presenting opportunities for building a private homesite, starting a hobby farm, creating a recreational retreat, or holding land as a long-term investment. Power is available at the road. A well and septic will be needed. Rural water will be available on some of these tracts. Owner financing is available, providing an opportunity to secure a large acreage. The property is close to the historic Spiro Mounds Archaeological Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spiro
    County
    Le Flore
    State
    Oklahoma
    Longitude
    -94.616181
    Latitude
    35.241664

    Nearby Similar for Sale

    • $800,000
      2,808 SF

      Motel & RV Park Investment

      Multi-income property with motel, mobile homes, and RV park.
      22192 US Hwy 271, Spiro, OK 74959
      View Details
    • $310,000
      2,100 SF

      Retail Space on 4.73 Acres

      Retail space with expansion potential on a 4.73-acre lot.
      19416 Hwy. 271, Spiro, OK 74959
      View Details
    • $675,000

      Spiro Land with Coal Creek

      150 acres near Coal Creek, perfect for hunting and farming.
      280th Road, Spiro, OK 74959
      View Details
    • $85,000

      Metal Shop with Stunning Views

      30x40 metal shop on 2 acres near Ft Smith.
      20975 AES RD, Spiro, OK 74959
      View Details
    • $18,250

      Spiro, OK 1.46-Acre Land

      1.46 acres near Spiro, OK, ready for your vision.
      Tract 15 Chloe Layne RD, Spiro, OK 74959
      View Details
    • $18,250

      Spiro, OK - 1.46 Acres

      1.46-acre tract near Spiro, OK, ideal for building.
      Tract 16 Chloe Layne RD, Spiro, OK 74959
      View Details
    • $45,375

      Unrestricted Land in Spiro, OK

      6.05 acres of unrestricted land near Spiro, Oklahoma.
      Tract 7 Orchard Lane, Spiro, OK 74959
      View Details
    • $35,500

      Spiro, OK Vacant Land

      2.84 acres of unrestricted land near Spiro, Oklahoma.
      Tract 8 Lakeview Drive, Spiro, OK 74959
      View Details
    • $60,000

      Highway Frontage Commercial Land

      Two-acre commercial property with highway frontage near Spiro, Oklahoma.
      TBD Highway 59, Spiro, OK 74959
      View Details
    • $48,000

      Spiro, OK Vacant Land

      6.68 acres of unrestricted land near Spiro, Oklahoma.
      Tract 3 2nd Street, Spiro, OK 74959
      View Details
    • $23,500

      Prime Corner Commercial Lot

      0.52-acre mixed-use/commercial lot in Spiro, OK for sale.
      23948 197th ST, Spiro, OK 74959
      View Details
    • $19,125

      Unrestricted Land Near Spiro, OK

      1.53 acres of unrestricted land near Spiro, Oklahoma.
      Tract 12 Lakeview Drive, Spiro, OK 74959
      View Details

    FAQs

    What type of property is this?
    Land - 11.75 acres of wooded land with owner financing.
    Where is this land located?
    The property is located at Tract 10 Lakeview Drive Spiro, OK.
    What is the asking price?
    The asking price for this property is $88,125.
    What are key features of this property?
    This property features: 11.75 acres of unrestricted land offering endless possibilities; Flexible owner‑financing available, bypassing traditional lending hurdles; Conveniently located 4 minutes from Spiro and a short drive to Fort Smith
    (918) 649-0234
    We can help!
    Listing Contact
    Elizabeth Jones
    Real Estate License ID: 176886
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!