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    Tbd 1980 Rd Soper, OK 74759

    Sponsored
    For Sale
    $474,000

    Farm/Estate - Soper, OK

    Type:Farm
    Lot size:
    120.00 Acres
    Days on Market:
    200
    Last Refresh:
    Jan 23 at 5:06 am

    Property Features for Tbd 1980 Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    APN
    0000-03-05S-15E-3-006-00
    Parking features
    Garage
    Lot size
    120.00 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Martin Lester

    Midwest Lifestyle Properties (580) 775-1817

    Listing agent Martin Lester (580) 775-1817

    Listing date Jul 8, 2025

    MLS# 11485695 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.

    Learn more

    Overview

    Sportsman Paradise in Soper, OK

    This 120-acre property, more or less, is located in Choctaw County, Oklahoma, and offers a habitat for whitetail deer. Beaverdam creek headwaters start on this property and runs year round. The property is home to deer, hogs, ducks, turkey, and small game. It is situated approximately 50 miles from the Choctaw Nation Casino and Resort in Durant, OK, and 19 miles from Hugo, OK, near Hugo Lake and the Choctaw Casino and Resort in Grant, OK, as well as other area lakes in Southern Oklahoma and North Texas, including Pine Creek Lake, Pat Mayse Lake, Texhoma Lake and McGee Creek Lake. It is approximately 108 miles from Dallas, TX, and 78 miles from Choctaw Landing in Hochatown, OK. The property features fencing on three sides and is accessed via County RD 1980. The land includes mature trees, a live creek, sandy loam soils, and a red clay base. The draws have the potential to be dammed up to provide large ponds for duck habitat. A cabin spot is located at the entrance to the property. There is a well that has been operated with a generator. Electricity can be brought in but it currently stops short of the property.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Soper
    County
    Choctaw
    State
    Oklahoma
    Longitude
    -95.712741
    Latitude
    34.142102

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      Soper, OK Farm/Estate

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    FAQs

    What type of property is this?
    Farm - 120 acre property with abundant wildlife and water features.
    Where is this farm located?
    The property is located at Tbd 1980 Rd Soper, OK.
    What is the asking price?
    The asking price for this property is $474,000.
    What are key features of this property?
    This property features: - 120 acres (mol) of prime whitetail habitat known for producing trophy animals.; - Year-round, spring-fed Beaverdam Creek headwaters located on the property.; - Abundant wildlife including deer, hogs, ducks, turkey, and small game.
    (580) 775-1817
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    Tbd 1980 Rd Soper, OK 74759
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    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
    Tbd 1980 Rd Soper, OK 74759
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    We can help!
    Listing Contact
    Martin Lester
    (580) 775-1817
    Learn more
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