Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    62 BR Johnson Rd Broken Bow, OK 74728

    View on Map
    For Sale
    $174,900

    Vacant Land - Broken Bow, OK

    Added:
    May 15, 2025
    Days on Market:
    322
    Last Refresh:
    Apr 1 at 3:06 am

    Property Features for 62 BR Johnson Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active

    Taxes and HOA fees

    TaxAnnualAmount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeanette Bohanan
    Jeanette Bohanan

    Listing agent Jeanette Bohanan

    Listing office Hochatown Real Estate 12 Dierks St, Broken Bow, OK

    Listing date May 15, 2025

    MLS# 11497303 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

    Wooded Lot in Boulder Ridge

    This is a 1.62 acre wooded lot located in the Boulder Ridge community, approximately 7 miles North of Hochatown, in Broken Bow, OK. The property features a secluded setting with development potential. A circular driveway has been cut in and the lot clearing is complete. It is suitable for building a vacation getaway or an investment property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Center Auto Repair Shop Electrical Service Garden Center Home Appliance Store Tanning Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Broken Bow
    County
    McCurtain
    State
    Oklahoma
    Longitude
    -94.7758
    Latitude
    34.0533

    Nearby Similar for Sale

    • $1,000,000
      30,740 SF

      Highway Frontage Commercial Opportunity

      High-visibility commercial property in Broken Bow, Oklahoma's tourism corridor.
      1506 S Park Drive, Broken Bow, OK 74728
      View Details
    • $1,400,000
      7,200 SF

      Charming Retail Storefront in Broken Bow

      Turnkey retail storefront in a high-traffic tourism corridor.
      201 Randy Rutherford, Broken Bow, OK 74728
      View Details
    • $600,000
      22,000 SF

      Broken Bow Commercial Warehouses on Land

      Two warehouses on 3 acres, suitable for various commercial uses.
      2002 S Park Drive, Broken Bow, OK 74728
      View Details
    • $424,995

      Unrestricted Land Near Broken Bow

      5-acre unrestricted land parcel with mature pine forest.
      Lot E Sugarberry Trail, Broken Bow, OK 74728
      View Details
    • $399,995

      Broken Bow Vacant Land Opportunity

      14.29 acres with steel building, ideal for various businesses.
      000 Silvey Rd, Broken Bow, OK 74728
      View Details
    • $249,995

      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
    • $150,000

      9.38 Acres of Wooded Land

      9.38 acres of wooded land suitable for various business ventures.
      000 Silvey Rd, Broken Bow, OK 74728
      View Details
    • $850,000

      Land Near Hochatown Amenities

      9.83 acres near Hochatown, OK, with recreational and investment potential.
      7047 N Us Highway 259, Broken Bow, OK 74728
      View Details
    • $650,000

      Turnkey Income-Producing Tiny Homes

      Two income-producing tiny homes on two acres in Hochatown.
      396 Choate, Broken Bow, OK 74728
      View Details
    • $165,000

      Land Near Broken Bow Lake

      2.2 acres near Broken Bow Lake and Ouachita National Forest.
      1 Johnboat Lane, Broken Bow, OK 74728
      View Details
    • $449,995

      Unrestricted Land Near Hochatown STR

      5-acre unrestricted tract ideal for STR use or investment.
      Lot D Sugarberry Trail, Broken Bow, OK 74728
      View Details
    • $424,995

      Unrestricted Land in Hochatown Core

      5-acre unrestricted parcel in Hochatown's core investment zone.
      Lot B Sugarberry Trail, Broken Bow, OK 74728
      View Details

    FAQs

    What type of property is this?
    Land - 1.62 acre wooded lot in Boulder Ridge community.
    Where is this land located?
    The property is located at 62 BR Johnson Rd Broken Bow, OK.
    What is the asking price?
    The asking price for this property is $174,900.
    What are key features of this property?
    This property features: Large 1.62 acre wooded lot offers privacy and potential.; Located in the Boulder Ridge community, just 7 miles North of Hochatown.; Circular driveway is already cut in.
    (580) 494-3330
    We can help!
    Listing Contact
    Jeanette Bohanan
    Jeanette Bohanan
    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!