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    The Largest CRE Database in the US with Over 1 Million Listings

    15732 Us Highway 270 Watonga, OK 73772

    Sponsored
    For Sale
    $142,500

    LAND - Watonga, OK

    Lot size:
    15.00 Acres
    Days on Market:
    9
    Last Refresh:
    Jan 24 at 7:06 pm

    Property Features for 15732 Us Highway 270

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    15732NONEUS-27073772
    Lot size
    15.00 Acres

    We can help!

    Listing Contact
    Sarah Hites

    Metro Brokers of OK Edmond (405) 819-1269

    Listing agent Sarah Hites (405) 320-6033

    Listing date Jan 16, 2026

    MLS# 1193263 Listing URL

    Copyright © 2026 MLSOK, 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

    Watonga, OK Land with Buildings

    This 15-acre property near downtown Watonga, Lucky Star Casino, Roman Nose State Park, and Watonga Lake features several structures and utilities. A 15x20 stilt cabin with a completed exterior is ready for drywall and interior finishes, designed as a one-bedroom living space with a kitchen/bath setup and pre-run electrical cables. There is space for an outdoor shower underneath. A 37x70 building provides a blank canvas for a spacious home, farm store, or agri-business facility, requiring a concrete floor, plumbing, and finishes. Additionally, a 42x25 building with an enclosed backside can be finished into a home, shop, or storage space. The property also includes a 17x34 wood greenhouse and three 17 x 8.5 mobile chicken tractors designed for pasture-raised poultry or small-scale livestock rotation. A gravel road entrance provides easy access to all buildings. An electric pole is located within 100 feet, and Cimarron Electric offers free hookup installation within 500 feet. Groundwater is available for well and septic. This property is suitable for homesteaders, with the option to live in the cabin while finishing a larger home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Watonga
    County
    Blaine
    State
    Oklahoma
    Longitude
    -98.420587
    Latitude
    35.81297

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    FAQs

    What type of property is this?
    Specialty property - 15-acre property with cabin, buildings, and utilities near Watonga.
    Where is this specialty property located?
    The property is located at 15732 Us Highway 270 Watonga, OK.
    What is the asking price?
    The asking price for this property is $142,500.
    What are key features of this property?
    This property features: - 15x20 Stilt Cabin: Exterior complete, plumbed with electrical, ready for interior finishes; ideal starter home.; - 37x70 Building: Large, versatile space suitable for a home, farm store, or agri-business facility.; - 42x25 Building: Partially enclosed, adaptable for a home, shop, or storage.
    (405) 320-6033
    Request Owner's contact information
    15732 Us Highway 270 Watonga, OK 73772
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    Watonga, OK 73772
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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.

    More about this property
    15732 Us Highway 270 Watonga, OK 73772
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    We can help!
    Listing Contact
    Sarah Hites
    Real Estate License ID: 156649
    (405) 320-6033
    Learn more
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