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    Productive Grain Farm Land Title is generated by Realmo AI

    Drummond Area, Drummond, OK 73735

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    For Sale
    $145,000

    Vacant Land - Drummond, OK

    Lot size:
    80.00 Acres
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 9:06 am

    Property Features for Drummond Area

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    80.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Vicki Wiggins Allen

    Listing agent Vicki Wiggins Allen

    Listing office Wiggins Auctioneers & Realty 701 W. Maine Ave, Enid, OK

    Listing date May 27, 2026

    MLS# 11801166 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.

    HighLights

    • Auction on Thursday, July 16, 2026 at 10:00 A.M. at Spring Hill Suites by Marriott, 5815 KL Dr., Enid, OK
    • 316 +/- total acres in three productive small grain/livestock farms in the Drummond/Ames area (Garfield Co., OK)
    • Farm #1 includes 80 +/- acres with 75.33 acres of cropland and a full wheat base plus 36 bu./ac. PLC yield
    • Balance of Farm #1 land includes a grassed waterway; principal soil types include Grant silt loam (Class II) and Pond Creek silt loam (Class I)
    • Farm #1 has level, easily tilled cropland with county‑road access (some rock along the south side; county road along the east side)
    • Auction terms: 3% buyer’s premium added to the high bid; 10% escrow deposit due day of auction; minerals do not sell

    Overview

    Auction sale of three productive small grain and livestock farms in the Drummond/Ames area of Garfield County, Oklahoma, totaling 316 +/- acres. This listing includes multiple tracts with mixed ground types and established farm infrastructure, with Farm #1 featuring 80 +/- acres of productive cropland. Farm #1 includes 75.33 acres of cropland with a full wheat base and a stated PLC yield of 36 bu./ac., with the balance described as a grassed waterway. The principal soil types noted for the cropland include Grant silt loam (Class II) and Pond Creek silt loam (Class I), and the land is described as level and easily tilled.

    Farm #1 is described as being located 2 1/2 miles south of Drummond on SH 132, then 1 mile west on Flynn Rd. Access is by county road, with some rock along the south side and a county road along the east side. The auction is scheduled for Thursday, July 16, 2026 at 10:00 A.M., with the auction location listed as Spring Hill Suites by Marriott, 5815 KL Dr., Enid, OK. Buyer’s premium is stated as 3% added to the high bid, and bidding requires registration with valid ID.

    Ownership includes provisions noted in the auction materials, including that minerals do not sell. Possession is stated to be given upon signing the purchase contract and acceptance of the escrow deposit. Taxes are referenced as approximately $385.50 for 2025, with 2026 taxes prorated to the day of closing as may be based on estimates from the Garfield County Assessor. Buyers are encouraged to verify acreage, crop base, and condition prior to auction day, and announcements made on auction day are stated to take precedence.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Drummond
    County
    Garfield
    State
    Oklahoma
    Longitude
    -98.0409
    Latitude
    36.2387

    Nearby Similar for Sale

    • $280,000

      Productive Grain & Pasture Farmland

      Auction farmland with cropland, pasture, and waterfowl hunting potential, plus perimeter and cross fencing.
      Drummond Area, Drummond, OK 73735
      View Details
    • $145,000

      Productive Cropland with Water Well

      Auction offering includes a productive cropland parcel with wheat base and an on-site windmill and water well.
      Drummond Area, OK, Drummond, OK 73735
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Auction offering productive small grain and livestock acreage with level cropland and established water features.
    Where is this agricultural land / farmland located?
    The property is located at Drummond Area Drummond, OK.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: Auction on Thursday, July 16, 2026 at 10:00 A.M. at Spring Hill Suites by Marriott, 5815 KL Dr., Enid, OK; 316 +/- total acres in three productive small grain/livestock farms in the Drummond/Ames area (Garfield Co., OK); Farm #1 includes 80 +/- acres with 75.33 acres of cropland and a full wheat base plus 36 bu./ac. PLC yield
    (580) 233-3066
    We can help!
    Listing Contact
    Vicki Wiggins Allen
    Learn More
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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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