Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Recreational Land Near National Forest Title is generated by Realmo AI

    61197 Rocky Road, Hodgen, OK 74939

    View on Map
    Claim this Listing
    For Sale
    $50,000

    Vacant Land - Hodgen, OK

    Lot size:
    1.70 Acres
    Added:
    Jun 26, 2024
    Days on Market:
    704
    Last Refresh:
    May 30 at 9:06 pm

    Property Features for 61197 Rocky Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    1.70 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
    Bob Bowman

    Listing agent Bob Bowman

    Listing office United Country-Mixon Realty & Auctions 2507 N Broadway St, Poteau, OK

    Listing date Jun 26, 2024

    MLS# 11317724 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.

    HighLights

    • Direct access to the 1.5 million acre Ouachita National Forest for outdoor adventures.
    • Located less than 1/4 mile from the Upper Kiamichi River for fishing and kayaking.
    • 1.7 acres (m/l) of land with county road frontage, with option to purchase up to 5 acres with newly constructed ponds.
    • Utilities available including electricity, rural water meter, water well, rural mail delivery, and propane gas delivery.
    • All‑weather access via a gravel county‑maintained road (Patterson Road).
    • No deed restrictions.

    Overview

    Located in a valley between the Kiamichi Mountain Range and Rich Mountain, this 1.7-acre property resides in the Ouachita National Forest area, less than a quarter mile from both the Upper Kiamichi River and the 1.5 million-acre Ouachita National Forest. The land, which will be surveyed prior to closing, is flat to gently sloping and has county road frontage along the east property line. The location provides access to recreational activities such as fishing, kayaking, hunting, and ATV riding. The property is located in Big Cedar, Oklahoma, near Broken Bow, Hochatown, Talihina, and Poteau, and a short drive from Broken Bow Lake, Sardis Lake, Cedar Lake, and Wister Lake. The Talimena Scenic Drive is five miles to the north. Services available to the property include electricity, a rural water meter, a water well, rural mail delivery, and propane gas delivery from nearby towns. Access is provided by a gravel county-maintained road. There are no deed restrictions. The property is suitable for constructing a weekend cabin or a full-time residence. Additional adjoining land is available for purchase, up to a total of 5 acres, featuring two newly constructed ponds, one of which will be included in the 1.7 acres.
    Property Profile 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
    -94.663741
    Latitude
    34.634793

    Nearby Similar for Sale

    • $585,000
      2,148 SF

      Equestrian Property Bordering National Forest

      Equestrian property with direct access to 70 miles of trails.
      52463 Hootowl Ho 52463 Hootowl Hollow, Hodgen, OK 74939, #7.65, Hodgen, OK 74939
      View Details
    • $498,000

      Hodgen Land with River Frontage

      47 acres with river frontage and utilities near Ouachita Forest.
      50574 US Hwy 59, Hodgen, OK 74939
      View Details
    • $149,000

      Scenic Land Bordering National Forest

      8.14 acres of land bordering the National Forest.
      20288 State Highway 63, Hogen, OK 74939
      View Details
    • $400,000

      Secluded 20-Acre Mountain Retreat

      Private 20-acre tract bordering National Forest near Billy Creek.
      24200 State Highway 63, Hodgen, OK 74939
      View Details
    • $145,000

      Hodgen, OK Vacant Land

      10 acres of wooded land with ponds and electric.
      60453 River Lane, 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
    • $80,000

      21 Acres Recreational Land Hodgen

      21 acres of recreational land near Ouachita National Forest.
      TBD, Hodgen, OK TBD, Hodgen, OK 74939, #21.21, Hodgen, OK 74939
      View Details
    • $145,000

      Land Adjoining National Forest

      15.8 acres near Blackfork River and National Forest.
      3 TBD Blackfork Ln, 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

    FAQs

    What type of property is this?
    Land - 1.7 acres near Ouachita National Forest, ideal for recreation.
    Where is this land located?
    The property is located at 61197 Rocky Road Hodgen, OK.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: Direct access to the 1.5 million acre Ouachita National Forest for outdoor adventures.; Located less than 1/4 mile from the Upper Kiamichi River for fishing and kayaking.; 1.7 acres (m/l) of land with county road frontage, with option to purchase up to 5 acres with newly constructed ponds.
    (918) 839-4717
    We can help!
    Listing Contact
    Bob Bowman
    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

    Thank You for Inquiry
    61197 Rocky Road, Hodgen, OK 74939
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!