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    Lakefront Land in Afton, OK Title is generated by Realmo AI

    203 Waterspring Lane, Afton, OK 74331

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    Picture of Single family properties at 203 Waterspring Lane, Afton, OK
    For Sale
    $100,000

    LAND - Afton, OK

    Lot size:
    0.17 Acres
    Added:
    May 22, 2026
    Days on Market:
    6
    Last Refresh:
    May 27 at 11:06 am

    Property Features for 203 Waterspring Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    203NONEWaterspring74331
    Lot size
    0.17 Acres

    We can help!

    Listing Contact
    Shana Haley

    Listing agent Shana Haley

    Listing office McGraw REALTORS (BO) 16301 N May Avenue, Edmond, OK

    Listing date May 22, 2026

    MLS# 1230920 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.

    HighLights

    • Direct lake access: Enjoy your own private 42' x 38' dock with 12' x 30' boat slip (with lift) and enclosed 18' x 22' fishing house.
    • Fully remodeled: This 3‑bedroom, 3‑bath home features modern luxury and lake house charm.
    • Breathtaking lake views: Walls of windows offer panoramic views and natural light.
    • Luxurious primary suite: Spa‑inspired bathroom and custom closet with chandelier lighting and island storage.
    • Exceptional outdoor living: Multi‑level decks and lounging platforms for enjoying sunrises and sunsets.
    • Income potential: Suitable as a full‑time residence, weekend getaway, or short‑term rental.

    Overview

    This waterfront property on Lake Hudson offers potential for residential or short-term rental use. The property includes a renovated home featuring 3 bedrooms and 3 bathrooms. The open-concept design includes wide-plank tile flooring, designer lighting, and a black brick wood-burning fireplace. Walls of windows provide lake views and natural light. The primary suite includes a spa-inspired bathroom and a custom closet with chandelier lighting, center island storage, and built-in shelving. The updated kitchen and dining area overlook the lake and open to outdoor living spaces. Multi-level decks and lounging platforms offer views of sunrises and sunsets over Lake Hudson. The property has direct lake access with a private 42' x 38' dock featuring a 12' x 30' boat slip with lift and a fully enclosed 18' x 22' fishing house. The fishing house is spray-foam insulated and wired with electric, and includes custom lighting. The dock also includes a Pentair pump system that supplies the home's lawn irrigation and sprinkler system. The lot size is 0.168 acres. The property is located minutes from shopping, dining, and local amenities.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Afton
    County
    Ottawa
    State
    Oklahoma
    Longitude
    -94.967145
    Latitude
    36.612677

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    FAQs

    What type of property is this?
    Single family property - Waterfront land with potential for residential or short-term rental.
    Where is this single family property located?
    The property is located at 203 Waterspring Lane Afton, OK.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: Direct lake access: Enjoy your own private 42' x 38' dock with 12' x 30' boat slip (with lift) and enclosed 18' x 22' fishing house.; Fully remodeled: This 3‑bedroom, 3‑bath home features modern luxury and lake house charm.; Breathtaking lake views: Walls of windows offer panoramic views and natural light.
    (405) 431-7757
    We can help!
    Listing Contact
    Shana Haley
    Learn More
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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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