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

    E 243rd Street Porum, OK 74455

    View on Map
    Claim this Listing
    Pending
    $150,000

    LAND - Porum, OK

    Lot size:
    40.00 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 28 at 7:06 pm

    Property Features for E 243rd Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agriculture
    Standard status
    Pending
    APN
    0E243rd74455
    Lot size
    40.00 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Paula Peeler

    Listing agent Paula Peeler License #109038

    Listing office American Dream Realty Group 429138 E 1139 RD, Oklahoma City, OK

    Listing date Mar 11, 2026

    MLS# 1218625 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.

    Overview

    40 Acres Fenced Agricultural Land

    This property features 40 acres of fenced agricultural land situated in a peaceful rural setting. The flat, usable land provides an excellent building site suitable for livestock, farming, or creating a homestead. The property is cattle-friendly and fully fenced, making it ideal for ranching or agricultural use. Utilities are located nearby, offering convenient development potential while maintaining the privacy and tranquility of country living. The property is zoned for agriculture.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Porum
    County
    Muskogee
    State
    Oklahoma
    Longitude
    -95.2522
    Latitude
    35.3687

    Nearby Similar for Sale

    • $85,000

      Shop Building Near Duchess Creek

      40x50 shop building near Porum Landing and Duchess Creek Marina.
      15 4285 Road, Porum, OK 74455
      View Details
    • $415,000

      Versatile Acreage with Solid Access

      86.2 acre property perfect for recreation and building.
      TBD S 85th St E, Porum, OK 74455
      View Details
    • $75,000

      Unrestricted Acre Near Duchess Creek

      One acre of unrestricted land near Porum Landing.
      12 E 1148 Road, Porum, OK 74455
      View Details
    • $39,900

      5 Acre Recreational Land in Porum

      5± acre tract near Lake Eufaula with utilities available.
      E 1140 Road Lot 1, Porum, OK 74455
      View Details
    • $48,000

      Residential Lot in Gated Community

      Residential building lot with lake access in a gated community.
      4299 Loop, Porum, OK 74455
      View Details
    • $39,900

      5 Acre Land Near Lake Eufaula

      5 acre tract near Lake Eufaula with utilities available.
      E 1140 Road Lot 3, Porum, OK 74455
      View Details
    • $42,500

      Cleared Lot Near Duchess Creek

      Cleared lot near Duchess Creek Marina, perfect for lake house.
      45 4285, Porum, OK 74455
      View Details
    • $75,000

      Oklahoma Countryside Homesite Opportunity

      9.58 acres near Lake Eufaula ready for construction.
      S 75th Street East, Porum, OK 74455
      View Details
    • $39,900

      5-Acre Land Near Lake Eufaula

      Land with utilities, mature trees, creek, and abundant wildlife.
      E 1140 Road Lot 4, Porum, OK 74455
      View Details
    • $39,900

      5-Acre Land Near Lake Eufaula

      Land with utilities, mature trees, creek, and abundant wildlife.
      E 1140 Road Lot 2, Porum, OK 74455
      View Details
    • $250,000

      Oklahoma Beachfront Land Opportunity

      20.52 acres of beachfront and pasture land in Porum, OK.
      0000 E. 323rd Street S., Porum, OK 74455
      View Details
    • $60,000

      Lake Eufaula One-Acre Lot

      One-acre lot near Lake Eufaula, ideal for lake living.
      5 E 1146 Road, Porum, OK 74455
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 40 acres of fenced, flat, usable agricultural land.
    Where is this agricultural land / farmland located?
    The property is located at E 243rd Street Porum, OK.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 40 acres of fenced, agricultural‑zoned land suitable for various uses.; Flat, usable property with an excellent building site.; Ideal for livestock, farming, or creating a homestead.
    (405) 590-2142
    We can help!
    Listing Contact
    Paula Peeler
    Real Estate License ID: 109038
    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!