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

    403 N Broadway Street Hugo, OK 74743

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Hugo, OK

    Lot size:
    0.32 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    31
    Last Refresh:
    Apr 15 at 12:06 am

    Property Features for 403 N Broadway Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Verify
    Standard status
    Active
    APN
    3001-00-125-004-0-007-00
    Lot size
    0.32 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    ALL LOT 4 & E 40' LOT 5, BLOCK 125, HUGO ORIGINAL.
    Tax Annual Amount
    67

    We can help!

    Listing Contact
    Anitra Babcock
    Anitra Babcock

    Listing agent Anitra Babcock License #172589

    Listing office Babcock Real Estate 961 N 4250 Rd, Hugo, OK

    Listing date Mar 16, 2026

    MLS# 2609210

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

    Overview

    Corner Lot in Hugo, OK

    This property features an approximately 0.321-acre corner lot located at the intersection of Broadway St and Clayton St in Hugo, Oklahoma. The site is positioned in proximity to residential homes, businesses, and multi-family dwellings. The current zoning is residential, and prospective buyers are advised to verify the possibility of re-zoning to suit their intended use. The property is located in Choctaw County, with a postal code of 74743.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hugo
    County
    Choctaw
    State
    Oklahoma
    Longitude
    -95.512587
    Latitude
    34.006696

    Nearby Similar for Sale

    • $1,750,000
      7,188 SF

      Premier Retail/Showroom Opportunity in Hugo

      7,188 SF building on 1.01 AC near Walmart.
      1910 E Jackson Street, Hugo, OK 74743
      View Details
    • $880,000

      Luxury Ranch Estate on Acres

      Custom-built ranch estate on 41.64 acres near Hugo, Oklahoma.
      759 N. 4250 Road, Hugo, OK 74743
      View Details
    • $475,900

      Restored Historic Mixed-Use Investment

      Fully restored mixed-use building with stable income in Hugo, OK.
      119 Jackson St., Hugo, OK 74743
      View Details
    • $247,500

      Commercial Land in Hugo, OK

      5.68 acres for commercial development in Hugo, Oklahoma.
      05 E Hwy 70, Hugo, OK 74743
      View Details
    • $235,000

      Hugo OK Land For Sale

      15.42 acres suitable for commercial or residential development.
      01542 N 4247 Road, Hugo, OK 74743
      View Details
    • $125,000

      20 Acres Wooded Land, Hugo

      20 wooded acres near Hugo, OK, ideal for hunting.
      20 E 2010 Road, Hugo, OK 74743
      View Details
    • $520,000

      Secluded Land in Hugo, Oklahoma

      104 acres of lush land near Hugo Lake.
      State Highway 93, Hugo, OK 74743
      View Details
    • $120,000

      Hugo, OK Wooded Acres

      19 acres of wooded land near Hugo, Oklahoma.
      19 E 2010 Road, Hugo, OK 74743
      View Details
    • $220,000

      40 Acres of Wooded Land

      Wooded 40-acre land near Hugo, OK, ideal for hunting.
      40 N 4180 Road, Hugo, OK 74743
      View Details
    • $55,000

      Land Parcel in Quiet Setting

      4.49-acre raw land with mature trees and stream.
      1162 N County Road 4280, Hugo, OK 74743
      View Details
    • $245,000

      Forty Acre Land Parcel

      Land with open areas, woods, and a pond.
      40 E 2010 Road, Hugo, OK 74743
      View Details
    • $169,900

      16.77 Acres Near Casino

      Wooded 16.77 acre property near Choctaw Casino in Hugo, OK.
      1 N 4210 Road, Hugo, OK 74743
      View Details

    FAQs

    What type of property is this?
    Commercial land - Approximately 1/3 acre corner lot near homes and businesses.
    Where is this commercial land located?
    The property is located at 403 N Broadway Street Hugo, OK.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Large 1/3 acre corner lot.; Ideally located near homes, businesses, and multi‑family dwellings.; Suitable for a multitude of uses.
    (580) 317-0006
    We can help!
    Listing Contact
    Anitra Babcock
    Anitra Babcock
    Real Estate License ID: 172589
    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!