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    Residential Home Lot in New Development Title is generated by Realmo AI

    200 Springwater Lane, Afton, OK 74331

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    Picture of Residential land & home lots at 200 Springwater Lane, Afton, OK
    For Sale
    $100,000

    LAND - Afton, OK

    Lot size:
    0.17 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for 200 Springwater Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    200NONESpringwater74331
    Lot size
    0.17 Acres

    We can help!

    Listing Contact
    Shana Haley

    Listing agent Shana Haley

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

    Listing date Jun 2, 2026

    MLS# 1232326 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

    • New Monkey Island subdivision with 26 homesites
    • Homes will be quality New Vision manufactured homes designed for lake living
    • Select lots offer lake views
    • Plans include thoughtfully designed 2- and 3‑bedroom options with porches, garages, and full utility connections
    • Subdivision is located across from Quarterdeck and Terra Miranda and at the end of the golf cart path
    • Plat has been filed and road construction is underway

    Overview

    This residential-zoned homesite offers the opportunity to build a thoughtfully designed home in a new subdivision featuring 26 homesites. Plans contemplate New Vision manufactured homes built for easy lake living, with select lots offering potential lake views. Homes are described as 2- and 3-bedroom layouts that include porches, garages, and full utility connections, giving buyers options for full-time living or a lock-and-leave weekend retreat.

    The property is positioned right across from Quarterdeck and Terra Miranda, and it is described as being at the end of a golf cart path. Road construction is underway, and the plat has already been filed, which can help streamline the next steps for buyers looking to secure a preferred lot while selections are available.

    For buyers, this lot is best suited to those who want a manageable path to ownership in a lake community with multiple lifestyle options. It may also appeal to investors seeking a property that could support short-stay use, depending on how the buyer plans and permits the improvements and rental operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Afton
    County
    Ottawa
    State
    Oklahoma
    Longitude
    -94.869005
    Latitude
    36.612737

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    FAQs

    What type of property is this?
    Residential land & home lot - Build your lake-ready residence or flexible short-stay rental on a residential-zoned homesite in a growing new community.
    Where is this residential land & home lot located?
    The property is located at 200 Springwater Lane Afton, OK.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: New Monkey Island subdivision with 26 homesites; Homes will be quality New Vision manufactured homes designed for lake living; Select lots offer lake views
    (405) 431-7757
    We can help!
    Listing Contact
    Shana Haley
    Request Owner's contact information
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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.

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