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

    Hwy 4 Smithville, OK 74957

    View on Map
    For Sale
    $360,000

    LAND - Smithville, OK

    Lot size:
    40.00 Acres
    Added:
    Sep 11, 2025
    Days on Market:
    205
    Last Refresh:
    Apr 3 at 6:06 am

    Property Features for Hwy 4

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    NONEHwy474957
    Lot size
    40.00 Acres

    We can help!

    Listing Contact
    Melissa Kergosien
    Melissa Kergosien

    Listing agent Melissa Kergosien License #180780

    Listing office BB Real Estate 6370 N Hwy 259, Broken Bow, OK

    Listing date Sep 11, 2025

    MLS# 1190907

    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 of Scenic Land

    This 40-acre property in Smithville, Oklahoma, consists of two parcels and offers natural beauty and development potential. The expansive land gently slopes to a crest, providing views of the Kiamichi Mountains' foothills. With no restrictions, this property is suitable for residential, recreational, or commercial use. Power and water lines run along the adjacent highway. The owner is willing to subdivide the property. The location is 30 minutes from Hochatown.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Smithville
    County
    McCurtain
    State
    Oklahoma
    Longitude
    -94.5801
    Latitude
    34.4828

    Nearby Similar for Sale

    • $175,000

      5.48 Acre Lot in Smithville, OK

      5.48 acre lot with highway frontage near Beavers Bend.
      69150 State HWY 259, Smithville, OK 74957
      View Details
    • $675,000

      Riverfront Land with Cabin, Smithville

      19-acre riverfront property with cabin, utilities, and development potential.
      1 Riverside, Smithville, OK 74957
      View Details
    • $375,000

      Smithville Acreage on Big Eagle

      16-acre property with creek frontage near outdoor recreation.
      TBD Loop RD, Smithville, OK 74957
      View Details
    • $175,000

      5.48 Acre Vacant Land Opportunity

      5.48 acre lot ideal for business in growing Octavia community.
      69150 State Hwy 259, Smithville, OK 74957
      View Details
    • $345,000

      25.99 Acres Near Hochatown

      25.99 acres with pond, shop, and utilities near Hochatown.
      TBD State Hwy 4, Smithville, OK 74957
      View Details
    • $250,000

      Waterfront Land on 30 Acres

      Waterfront property with multiple build sites and river access.
      Tbd State Hwy 144, Smithville, OK 74957
      View Details
    • $772,500

      Secluded Land with Hunting Potential

      103-acre property near Smithville, Oklahoma, ideal for hunting or homesteading.
      TBD Brook Trout Trail, SMITHVILLE, OK 74957
      View Details
    • $330,000

      60 Acres of Timberland in Smithville

      60-acre timber tract near Octavia, Oklahoma, with development potential.
      TBD Hwy 144, Smithville, OK 74957
      View Details
    • $5,000

      Smithville, OK Off-Grid Land

      0.25 acre tract near Ouachita National Forest.
      TBD Rural, Smithville, OK 74957
      View Details
    • $15,500

      Unrestricted Acre Near Hwy 259

      Unrestricted 1-acre tract in Smithville, OK, ideal for residential use.
      TBD Rural, Smithville, OK 74957
      View Details
    • $375,000

      Smithville, OK Vacant Land

      16-acre property with creek frontage near outdoor recreation areas.
      TBD Loop Road, Smithville, OK 74957
      View Details
    • $145,000

      Oklahoma Off-Grid Recreational Land

      30 acres of secluded hunting and recreational land.
      TBD Rural, Smithville, OK 74957
      View Details

    FAQs

    What type of property is this?
    Land - Unrestricted 40-acre property in Smithville, OK, with mountain views.
    Where is this land located?
    The property is located at Hwy 4 Smithville, OK.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: 40 Acres with No Restrictions: Offers complete freedom for residential, recreational, or commercial development.; Divisible into Two Parcels: Provides flexible ownership and investment options.; Power and Water Available: Utilities run along the entire highway frontage, simplifying building.
    (580) 306-4838
    We can help!
    Listing Contact
    Melissa Kergosien
    Melissa Kergosien
    Real Estate License ID: 180780
    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!