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

    60453 River Lane Hodgen, OK 74939

    View on Map
    For Sale
    $145,000

    Vacant Land - Hodgen, OK

    Lot size:
    10.00 Acres
    Added:
    Jun 27, 2025
    Days on Market:
    282
    Last Refresh:
    Apr 4 at 10:06 am

    Property Features for 60453 River Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    10.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ralph Coleman

    Listing agent Ralph Coleman

    Listing office Red River Realty and Auction PO Box 1396, Talihina, OK

    Listing date Jun 27, 2025

    MLS# 11528107 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.

    Overview

    Hodgen, OK Vacant Land

    This is a 10-acre surveyed parcel of land, taken from a larger 12.5-acre parcel, located on River Lane near Big Cedar. The wooded property includes a private drive and existing electric service. Rural water access is available at the county road. The land features three ponds, including one larger pond and two smaller ponds. Mostly fenced, the property includes a gate to ensure privacy. The Ouachita National Forest is nearby, as is Highway 259, which provides access to Broken Bow. The Talimina scenic drive is also located close to the property. The land is home to abundant wildlife, making it suitable for building a cabin.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Hotel & Motel Travel Agency Restaurant Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Hodgen
    County
    Le Flore
    State
    Oklahoma
    Longitude
    -94.662176
    Latitude
    34.644258

    Nearby Similar for Sale

    • $499,000

      Hodgen Land with River Frontage

      47 acres with Blackfork River frontage and utility access.
      50574 US Hwy 59, Hodgen, OK 74939
      View Details
    • $199,000

      RV Park Investment Opportunity

      Partially completed RV park near Ouachita National Forest.
      22590-1 White Loop, Hodgen, OK 74939
      View Details
    • $199,000

      Hodgen RV Park Investment Opportunity

      Partially completed RV park near Ouachita National Forest.
      22910 State Highway 63 lot: 0, Hodgen, OK 74939
      View Details
    • $200,000

      Secluded 20-Acre Mountain Retreat

      Private 20-acre tract bordering National Forest near Billy Creek.
      24200 State Highway 63, Hodgen, OK 74939
      View Details
    • $159,000

      Scenic Land Bordering National Forest

      8.14 acres with direct National Forest access in Hogen, OK.
      20288 State Highway 63, Hogen, OK 74939
      View Details
    • $140,000

      Hodgen, OK Vacant Land

      2.5 acres of land with Kiamichi River frontage.
      36 TBD Ben Patterson Road, Hodgen, OK 74939
      View Details
    • $300,000

      Land by Kiamichi River

      5 acres of land with Kiamichi River frontage.
      TBD #2 Big Cedar Oklahoma, Big Cedar, OK 74939
      View Details
    • $170,000

      80 Acres Bordering National Forest

      80+/- acres adjoining Ouachita National Forest in Hodgen, Oklahoma.
      TBD Kiamichi LN, Hodgen, OK 74939
      View Details
    • $399,000

      40 Acres Bordering National Forest

      Unrestricted 40-acre tract with creek, pasture, and timber.
      16648 SH-63, Hodgen, OK 74939
      View Details
    • $468,750

      Oklahoma Ranch with Mountain Views

      75-acre ranch in Hodgen, OK, ideal for livestock and recreation.
      1 TBD Hodgen Oklahoma, Hodgen, OK 74939
      View Details
    • $150,000

      Hodgen, OK Vacant Land

      15.8 acres near Blackfork River and National Forest.
      3 TBD Blackfork Ln, Hodgen, OK 74939
      View Details
    • $359,460

      Land Near Ouachita National Forest

      39.94 acres near Big Cedar, Oklahoma, with pond.
      Tract 6 N SH-63, Hodgen, OK 74939
      View Details

    FAQs

    What type of property is this?
    Land - 10 acres of wooded land with ponds and electric.
    Where is this land located?
    The property is located at 60453 River Lane Hodgen, OK.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: 10 Wooded Acres with Private Drive and Gate for Privacy; Electric on Property and Rural Water Available; Three Ponds (One Large, Two Small)
    (580) 924-9595
    We can help!
    Listing Contact
    Ralph Coleman
    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!