Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    509 Clay St Broken Bow, OK 74728

    Sponsored
    For Sale
    Pending
    Contact for pricing

    LAND - Broken Bow, OK

    Lot size:
    0.69 Acres
    Days on Market:
    672
    Last Refresh:
    Jan 20 at 2:06 am

    Property Features for 509 Clay St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Residential
    APN
    509NONEClay74728
    Lot size
    0.69 Acres

    We can help!

    Listing Contact
    Jamie Phillips

    Platinum Realty (888) 220-0988 [email protected]

    Listing agent Jamie Phillips (580) 306-3347

    Listing date Mar 20, 2024

    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

    Wooded Lot in Broken Bow

    This is a 0.69-acre wooded lot located within the city limits of Broken Bow, Oklahoma. Situated south of Broken Bow, it is located minutes away from the casino. The property has utilities available and is suitable for residential use, offering an opportunity to build a home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Broken Bow
    County
    McCurtain
    State
    Oklahoma
    Longitude
    -94.74581
    Latitude
    34.013241

    Nearby Similar for Sale

    • $3,600,000
      480.00 Acres

      480 Acres Improved Ranch Land

      Turnkey cattle and horse ranch near Broken Bow Lake.
      2661 Holly Creek Rd, Broken Bow, OK 74728
      View Details
    • New
      $249,995
      4.91 Acres

      Broken Bow Vacant Land with Shop

      4.91 acres with metal shop building near Highway 70.
      000 Silvey Rd, Broken Bow, OK 74728
      View Details
    • $1,699,000
      25.00 Acres

      Broken Bow Cabins on 25 Acres

      Five furnished cabins on 25 acres near Hochatown, Oklahoma.
      8578 Indian Hwy 144 Hwy, Broken Bow, OK 74728
      View Details
    • $1,799,000

      Turnkey Cabin Investment Property

      Five furnished cabins on 25 acres near Three Rivers WMA.
      8578 Indian Hwy 144 Hwy, Broken Bow, OK 74728
      View Details
    • $3,030,000
      8,600 SF

      Broken Bow Retail Investment Opportunity

      Multi-tenant retail property near Broken Bow Lake for sale.
      91 Sugarberry Trl, Broken Bow, OK
      View Details
    • $2,650,000

      Industrial Property in Broken Bow

      Industrial property available for sale in Broken Bow, Oklahoma.
      21 Pinyon Rd, Broken Bow, OK
      View Details
    • $2,822,145
      8,600 SF

      Broken Bow Retail Center Investment

      High-demand, 100% occupied retail center.
      91 Sugarberry Trl, Broken Bow, OK 74728
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded lot with utilities ready for a dream home.
    Where is this residential land & home lot located?
    The property is located at 509 Clay St Broken Bow, OK.
    What is the asking price?
    The asking price for this property is $23,000.
    What are key features of this property?
    This property features: - Wooded lot within Broken Bow city limits.; - Utilities are already on the property.; - Ready for new home construction.
    (580) 306-3347
    Request Owner's contact information
    509 Clay St Broken Bow, OK 74728
    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.
    509 Clay St
    Broken Bow, OK 74728
    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
    509 Clay St Broken Bow, OK 74728
    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

    We can help!
    Listing Contact
    Jamie Phillips
    Real Estate License ID: 161532
    (580) 306-3347
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.