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    1818 E 2060 Rd Hugo, OK 74743

    Sponsored
    For Sale
    $3,295,000

    Farm/Estate - Hugo, OK

    Type:Farm
    Property size:
    1,944 SF
    Lot size:
    580.00 Acres
    Days on Market:
    35
    Last Refresh:
    Jan 20 at 2:06 am

    Property Features for 1818 E 2060 Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Living Room
    Bedrooms
    3
    Bathrooms
    2
    Parking features
    Carport, Garage, Garage - Detached
    Interior features
    Walk-in Closet
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Size
    1,944 SF
    Lot size
    580.00 Acres

    Utilities

    Heating system
    Electric (Heating), Propane (Heating)
    Cooling system
    Central Air
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    2013
    Year renovated
    2013
    Floors in Building
    1
    Flooring type
    Carpet, Hardwood, Tile
    Building materials
    Brick, Stone
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Daniels

    Oklahoma AgRec Land LLC (580) 326-8867

    Listing agent Michael Daniels (580) 326-8867

    Listing date Dec 17, 2025

    MLS# 11472524 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.

    Learn more

    Property Insight Report

    Overview

    Oklahoma Ranch with Custom Home

    Located in Choctaw County, Oklahoma, this 580-acre ranch offers country living with a combination of cattle ranching and recreational hunting. The property features a custom gable roof ranch home built in 2013, offering 1944 square feet of living space with 3 bedrooms and 2 baths. The open-concept design includes an Austin Rock wood-burning fireplace, a kitchen with granite countertops and stainless-steel appliances, and picture windows that provide countryside views. The primary suite includes a walk-in shower, separate vanities, and walk-in closets. A modern two-story bunkhouse provides an additional 2400 sq. ft., comfortably sleeping 14 and expandable to 25, with a full-service kitchen and a pool table for entertainment. The bunkhouse includes spacious bunkbeds and two primary master bedrooms. The property also features a 75 x 100 steel frame utility building with climate-controlled heat and air, LED lighting, and spray blown insulation, suitable for equipment storage. A stone walkway leads to a two-car carport with an attached air-conditioned woodworking or storage shop. The property is enhanced with pipe fencing, a back patio, and multiple utility storage buildings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Electrical Service HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Hugo
    County
    Choctaw
    State
    Oklahoma
    Longitude
    -95.623
    Latitude
    34.0216

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    FAQs

    What type of property is this?
    Farm - 580-acre ranch featuring a custom home and bunkhouse.
    Where is this farm located?
    The property is located at 1818 E 2060 Rd Hugo, OK.
    What is the asking price?
    The asking price for this property is $3,295,000.
    What are key features of this property?
    This property features: - Expansive 580-acre property ideal for cattle ranching and recreational hunting in Choctaw County, Oklahoma.; - Custom-built 1944 sq. ft. ranch home (built in 2013) with 3 bedrooms, 2 baths, and open-concept living space.; - Modern 2-story bunkhouse (2400 sq. ft.) comfortably sleeps 14 (expandable to 25), featuring a full kitchen and pool table.
    (580) 326-8867
    Request Owner's contact information
    1818 E 2060 Rd Hugo, OK 74743
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    Hugo, OK 74743
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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
    1818 E 2060 Rd Hugo, OK 74743
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    We can help!
    Listing Contact
    Michael Daniels
    (580) 326-8867
    Learn more
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