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    Equestrian Paradise Barndominium on 20 Acres Title is generated by Realmo AI

    15481 South County Road 206, Blair, OK 73526

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    Claim this Listing
    For Sale
    $595,000

    Farm/Estate, Barn - Blair, OK

    Type:Farm
    Property size:
    1,920 SF
    Lot size:
    20.00 Acres
    Price / SF:
    $309/SF
    Added:
    Aug 25, 2025
    Days on Market:
    282
    Last Refresh:
    Jun 2 at 5:06 pm

    Property Features for 15481 South County Road 206

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Zoning
    300
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Den, Living Room
    Parking features
    Garage, Garage - Attached
    Interior features
    Walk-in Closet
    Fireplace
    1
    Appliances
    Dishwasher, Microwave, Washer
    Standard status
    Active
    APN
    0000-33-04N-20W-0-030-00
    Size
    1,920 SF
    Lot size
    20.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2807

    Utilities

    Heating system
    Electric (Heating), Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2008
    Year renovated
    2008
    Floors in Building
    1
    Flooring type
    Carpet, Hardwood, Tile
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Amber Hollis-Fesmire

    Listing agent Amber Hollis-Fesmire

    Listing office Henry Hinds Realty LLC 301 NE 4th, Guymon, OK

    Listing date Aug 25, 2025

    MLS# 11549549 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.

    HighLights

    • Professional‑grade roping arena with sensored LED lighting, announcer's stand, remote Prefiet chute, stripping chute, holding pens, heel box with adjustable bar for breakaway, heated self‑water station and grain bins.
    • 20 acres of fenced pasture, ideal for grazing and training horses and livestock.
    • Barndominium‑style home with open‑concept design, gourmet kitchen, high‑end appliances, and large center island.
    • Well‑appointed tack room with built‑in saddle and pad racks.
    • Multiple RV/trailer hookups for hosting clinics or competitions.
    • Gated drive for security and seclusion, located directly North of the Altus Air Force Base with access from County Rd 206.

    Overview

    This barndominium-style home offers a blend of luxury living and equestrian facilities, set on 20 acres of fenced pasture. The custom-built home features an open-concept design, with a living area flowing into a gourmet kitchen. The kitchen includes high-end appliances, a large center island, and ample counter space. The property includes a professional-grade roping arena equipped with sensored LED arena lighting, a dedicated announcer's stand, remote Prefiet chute, stripping chute, holding pens, a heel box with adjustable bar for breakaway, a heated self-water station, and grain bins. A tack room provides secure storage with built-in saddle and pad racks. Multiple RV/trailer hookups are available. An electric bypass is installed for generator installation to power the home in emergency events. A gated drive ensures security, with access from County Rd 206. The pull-through garage provides easy access and storage for vehicles and equipment. The 20 acres of pasture are suitable for grazing and training. The property is located directly North of the Altus Air Force Base.
    Property Profile Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Building Supply Garden Center Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Blair
    County
    Jackson
    State
    Oklahoma
    Longitude
    -99.300745
    Latitude
    34.760049

    FAQs

    What type of property is this?
    Horse & equestrian property - Luxury barndominium with equestrian facilities on 20 fenced acres.
    Where is this horse & equestrian property located?
    The property is located at 15481 South County Road 206 Blair, OK.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Professional‑grade roping arena with sensored LED lighting, announcer's stand, remote Prefiet chute, stripping chute, holding pens, heel box with adjustable bar for breakaway, heated self‑water station and grain bins.; 20 acres of fenced pasture, ideal for grazing and training horses and livestock.; Barndominium‑style home with open‑concept design, gourmet kitchen, high‑end appliances, and large center island.
    (580) 898-9111
    We can help!
    Listing Contact
    Amber Hollis-Fesmire
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    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.

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