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

    5320 Lake West Rd Bennington, OK 74723

    Sponsored
    For Sale
    $1,200,000

    Farm/Estate, Ranch - Bennington, OK

    Type:Farm
    Property size:
    1,745 SF
    Lot size:
    80.00 Acres
    Days on Market:
    206
    Last Refresh:
    Jan 28 at 4:06 pm

    Property Features for 5320 Lake West 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
    Garage
    Size
    1,745 SF
    Lot size
    80.00 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1992
    Year renovated
    1992
    Floors in Building
    1
    Flooring type
    Carpet, Tile
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Michael Daniels

    Oklahoma AgRec Land LLC (580) 326-8867

    Listing agent Michael Daniels (580) 326-8867

    Listing date Jul 7, 2025

    MLS# 11493763 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

    Tranquil Acres Cattle Ranch

    This 80-acre Tranquil Acres Cattle Ranch is located on the west side of Lake West in Bryan County, OK. The property features abundant water, rolling hill pasture, and views. The productive cattle ranch can carry 50 mama cows with improved pasture and sandy loam soil. Cross-fencing and six ponds mitigate drought concerns. Mature oak trees provide shade. Improvements include an 80 X 40 general purpose barn built in 2018, cattle chutes, and a 32 X 12 utility equipment storage building built in 1999. The single-story traditional ranch brick home, built in 1992, includes 3 bedrooms and 2 bathrooms, encompassing 1745 square feet, along with a 160 square foot porch and a 32 X 20 carport with pipe fencing. The home features an open concept living space with tile floors. The property includes various sized ponds, with 3 larger stocked ponds and 3 smaller ponds for fishing. Wildlife includes Eastern wild Turkey and Whitetail deer, as well as geese and other waterfowl. The property is located southeast of Bennington, OK, and southwest of Boswell, OK. It offers improved pastureland for cattle grazing or equestrian use and a large garden area. The property has been owned by the same family for generations and includes the option of retaining a ranch hand who has maintained this ranch for years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Bennington
    County
    Bryan
    State
    Oklahoma
    Longitude
    -95.931391
    Latitude
    33.91077

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    FAQs

    What type of property is this?
    Ranch - 80-acre cattle ranch with home, ponds, and outbuildings.
    Where is this ranch located?
    The property is located at 5320 Lake West Rd Bennington, OK.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Productive 80-acre cattle ranch with improved pasture and capacity for 50 mama cows.; - Abundant water resources: **6 ponds** ensuring water even in drought conditions.; - Includes a charming **3-bedroom, 2-bathroom ranch-style brick home** (1745 sq ft) with carport and porch.
    (580) 326-8867
    Request Owner's contact information
    5320 Lake West Rd Bennington, OK 74723
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    Bennington, OK 74723
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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
    5320 Lake West Rd Bennington, OK 74723
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    We can help!
    Listing Contact
    Michael Daniels
    (580) 326-8867
    Learn more
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