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

    E County Road 42/Hanks Trail Woodward, OK 73801

    View on Map
    Claim this Listing
    For Sale
    $650,000

    Farm/Ranch/Land 10+ Acres - Woodward, OK

    Type:Farm
    Lot size:
    80.00 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    17
    Last Refresh:
    Apr 18 at 9:06 pm

    Property Features for E County Road 42/Hanks Trail

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Lot size
    80.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    947

    Building Details

    Architectural style
    Ranch

    We can help!

    Listing Contact
    Ira Smith

    Listing agent Ira Smith License #070869

    Listing office Smith & Co Auction & Realty Inc 1102 Oklahoma, Woodward, OK

    Listing date Apr 2, 2026

    MLS# 20260393 Listing URL

    Copyright © 2026 Northwest Oklahoma Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    80 Acres Land in Woodward

    This 80-acre tract is located within the city limits of Woodward, Oklahoma, and features frontage on Hanks Trail. The property is a half-mile deep and offers views. City water and an ONG line run along the front of the property. Electricity and city water are already running across the North side of the land along Hanks Trail. The site could be suitable for a home site or multiple home sites.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Woodward
    County
    Woodward
    State
    Oklahoma
    Longitude
    -99.4147
    Latitude
    36.4135

    Nearby Similar for Sale

    • $300,000

      Ready Commercial Building in Woodward

      High-visibility commercial building suitable for various business uses.
      2421 Texas Ave, Woodward, OK 73801-9999
      View Details
    • $525,000

      Oklahoma Avenue Development Opportunity

      5600 sq ft building suitable for multiple businesses.
      2314 Oklahoma Ave, Woodward, OK 73801-9999
      View Details
    • $492,000

      High-Visibility Commercial Property on Oklahoma

      Commercial property with high visibility and Oklahoma Avenue frontage.
      2424 Oklahoma Ave, Woodward, OK 73801-9999
      View Details
    • $300,000

      Woodward Warehouse on High-Traffic Avenue

      4,000 sq ft warehouse with income potential in Woodward.
      3923 Oklahoma Ave, Woodward, OK 73801-0000
      View Details
    • $800,000

      Woodward Industrial/Commercial Property on Acreage

      Industrial/Commercial property on 9.6 acres with multiple buildings.
      39682 S County Road 196, Woodward, OK 73801-0000
      View Details
    • $300,000

      Four-Unit Commercial Building in Woodward

      Four attached shops with drive-thru access and income potential.
      2419 Texas Ave, Woodward, OK 73801-9999
      View Details
    • $1,092,000

      High-Visibility Commercial Property on Oklahoma Avenue

      Commercial property with high visibility and multiple buildings in Woodward.
      2424 Oklahoma Ave, Woodward, OK 73801
      View Details
    • $4,000,000

      Woodward Medical Office Portfolio

      Four medical office properties plus parking lot for sale.
      1611 Main, 1101 Hillcrest, 1601 Main, 1818 Kansas, Woodward, OK 73801-0000
      View Details
    • $150,000

      Freestanding Property on Main Street

      Freestanding property on Main Street with private parking.
      1414 Main Street, Woodward, OK 73801
      View Details
    • $175,000

      Established Woodward Bar and Venue

      Turnkey bar and entertainment venue in Woodward, Oklahoma.
      523 Main St, Woodward, OK 73801
      View Details
    • $650,000

      Commercial Building on 6 Acres

      Commercial building built in 2012 on 6 acres.
      205659 E County Road 43, Woodward, OK 73801-0000
      View Details
    • $668,000

      84 Acres Farm/Ranch Land

      84 acres of land with city utilities in Woodward, OK.
      200457 E County Road 42, Woodward, OK 73801
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 80 acres of land with utilities in Woodward, Oklahoma.
    Where is this agricultural land / farmland located?
    The property is located at E County Road 42/Hanks Trail Woodward, OK.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Prime location with Hanks Trail frontage and great views; City water and ONG line available along the property front; Potential for single or multiple home sites
    (580) 334-6001
    We can help!
    Listing Contact
    Ira Smith
    Real Estate License ID: 070869
    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!