Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wooded Land Ready for Development Title is generated by Realmo AI

    E 1048 Road, Harrah, OK 73045

    View on Map
    Claim this Listing
    Pending
    $40,000

    LAND - Harrah, OK

    Lot size:
    2.54 Acres
    Added:
    Feb 3, 2026
    Days on Market:
    103
    Last Refresh:
    May 17 at 4:06 am

    Property Features for E 1048 Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    EE104873045
    Lot size
    2.54 Acres

    Utilities

    Water source
    Private

    We can help!

    Listing Contact
    Stefan Barnhouse

    Listing agent Stefan Barnhouse

    Listing office McGraw REALTORS (BO) 16301 N May Avenue, Edmond, OK

    Listing date Feb 3, 2026

    MLS# 1212582 Listing URL

    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.

    HighLights

    • Large 2.63 acre wooded lot offers privacy and a rural setting.
    • Located just East of Harrah, providing convenient access to amenities.
    • Property is ready for development, allowing for immediate construction.
    • Ability to keep desired trees and customize the homesite.
    • Manufactured homes are welcome, offering flexible housing options.
    • No restrictions, providing freedom in development and usage.

    Overview

    This property features 2.54 acres of rural, wooded land located just east of Harrah, Oklahoma. According to the listing information, the property is ready for development. The land offers the opportunity to retain desired trees and select a homesite. Manufactured homes are permitted, and there are no restrictions on the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Kitchen & Bath Showroom Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrah
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.13188
    Latitude
    35.49568

    Nearby Similar for Sale

    • $329,940

      Harrah, Oklahoma 18.33 Acres Land

      18.33 acres in Harrah, OK with pastureland, woods, and ponds.
      1201 S Harrah Road, Harrah, OK 73045
      View Details
    • $120,000

      Land with Shop Shell, Pond

      5-acre property near Harrah with shop shell and pond.
      101663 S 3300 Road, Harrah, OK 73045
      View Details
    • $180,000

      Commercial Lot in Growing Area

      Just-under-1-acre commercial lot in Harrah, OK.
      2220 Church Avenue, Harrah, OK 73045
      View Details
    • $180,000

      Commercial Land in Harrah, OK

      Prime commercial land with development potential in Harrah, Oklahoma.
      2220 Church Avenue, Harrah, OK 73045
      View Details
    • $550,000

      Harrah, OK Prime Corner Lot

      3.89 acre corner lot with highway frontage in Harrah, OK.
      18001 NE 23rd Street, Harrah, OK 73045
      View Details
    • $315,000

      Harrah, OK Land For Sale

      16.75 acre land parcel suitable for residential development.
      Dobbs Road, Harrah, OK 73045
      View Details
    • $400,000
      1,056 SF

      Harrah Commercial Land Opportunity

      1.09-acre commercial land in Harrah, Oklahoma with income potential.
      1834 Church Ave, Harrah, OK 73045
      View Details
    • $1,290,000

      Harrah OK Land For Sale

      25 acres on a busy corridor with commercial potential.
      N 23rd Street, Harrah, OK 73045
      View Details
    • $43,000

      Residential Land with Pond

      3.86 acres of residential land featuring a pond.
      Green Moss Trail, Harrah, OK 73045
      View Details
    • $139,000

      Unrestricted Land in 50th Street Estates

      6-acre tract ideal for ranchette, hobby farm, or private retreat.
      0001 N Peebly Road, Harrah, OK 73045
      View Details
    • $194,500

      Unrestricted Land in Harrah, Oklahoma

      10+/- acre tract in Harrah School District with utilities.
      004 N Peebly Road, Harrah, OK 73045
      View Details
    • $36,000

      Harrah, OK - 2.5 Acre Land

      2.5 acre homesite with well and septic system.
      E Britton Road, Harrah, OK 73045
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.54 acres of wooded land east of Harrah, Oklahoma.
    Where is this residential land & home lot located?
    The property is located at E 1048 Road Harrah, OK.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Large 2.63 acre wooded lot offers privacy and a rural setting.; Located just East of Harrah, providing convenient access to amenities.; Property is ready for development, allowing for immediate construction.
    (405) 818-7277
    We can help!
    Listing Contact
    Stefan Barnhouse
    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

    Thank You for Inquiry
    E 1048 Road, Harrah, OK 73045
    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!