Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Morrison, OK Acreage with Pond Title is generated by Realmo AI

    Tract D E 4500 RD, Morrison, OK 73061

    View on Map
    Claim this Listing
    For Sale
    $185,700

    LAND - Morrison, OK

    Lot size:
    29.95 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    42
    Last Refresh:
    May 26 at 10:06 pm

    Property Features for Tract D E 4500 RD

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    29.95 Acres

    Taxes and HOA fees

    Tax Description
    SOUTH HALF OF THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER (S/2 SE/4 SW/4) AND THE SOUTH HALF OF THE NORTH HALF OF THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER (S/2 N/2 SE/4 SW/4) SEC 20-22N-3E
    Tax Annual Amount
    60

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Elizabeth Jones

    Listing agent Elizabeth Jones License #176886

    Listing office Cardenas & Associates Realty LLC 1302 N Broadway St, Poteau, OK

    Listing date Apr 15, 2026

    MLS# 1088519 Listing URL

    Copyright © 2026 Western River Valley Board 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.

    HighLights

    • 29.95‑acre tract ideal for hobby farm, agriculture, or recreation.
    • Open pastureland suitable for cattle or horses.
    • Pond provides water source and enhances appeal.
    • Owner financing available.
    • Easy access to Highway 412.
    • Gently rolling terrain and open layout for flexible use.

    Overview

    This 29.95-acre tract is located in Morrison, OK. It features open pastureland suitable for cattle or horses, along with a pond that provides a valuable water source. The size makes it ideal for a hobby farm, agricultural use, or a weekend getaway. The gently rolling terrain and open layout allow for flexible use, whether for grazing, recreation, or building. Located with easy access to Highway 412, this property combines convenience with the quiet charm of rural Pawnee County. It's a great opportunity for buyers looking to step into land ownership with a versatile and attractive parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Department Store Food Market HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morrison
    County
    Noble
    State
    Oklahoma
    Longitude
    -97.0402
    Latitude
    36.3119

    Nearby Similar for Sale

    • $247,600

      Morrison, OK Land with Pond

      39.93 acres in Morrison, OK, ideal for livestock.
      Tract C E 4500 RD, Morrison, OK 73061
      View Details
    • $1,909,000
      10,566 SF

      New Dollar General Investment Opportunity

      New construction Dollar General with corporate guaranty and zero landlord obligations.
      22428 County Rd 230, Morrison, OK
      View Details
    • $239,300

      Oklahoma Land with Owner Financing

      39.88 acres near Morrison, OK, ideal for rural living.
      Tract A S 336 RD, Morrison, OK 73061
      View Details
    • $235,400

      Morrison, OK Pastureland Opportunity

      39.90 acres of pastureland near Highway 412.
      Tract B S 336 RD, Morrison, OK 73061
      View Details
    • $247,600

      Morrison, OK Land with Pond

      39.93 acres in Morrison, OK, ideal for livestock.
      0003 E 4500 Road, Morrison, OK 73061
      View Details
    • $247,600

      Morrison, OK Vacant Land

      39.93 acres with pond, ideal for livestock.
      Tract C E 4500 Road, Morrison, OK 73061
      View Details
    • $235,400

      Productive Pastureland Near Morrison, OK

      39.90 acres of pastureland suitable for livestock and potential homesites.
      Tract B S 336 Road, Morrison, OK 73061
      View Details
    • $239,300

      Morrison, OK Vacant Land

      39.88 acres of pasture land near Highway 412.
      Tract A S 336 Road, Morrison, OK 73061
      View Details
    • $185,700

      29.95 Acres Vacant Land

      29.95 acres of pastureland with pond near Highway 412.
      Tract D E 4500 Road, Morrison, OK 73061
      View Details
    • $480,000

      Payne County Rolling Acreage

      80-acre property near Stillwater and Morrison, OK, with diverse terrain.
      80Ac Noble Road, Morrison, OK 73061
      View Details
    • $239,300

      Versatile Acreage Near Morrison, Oklahoma

      39.88 acres ideal for recreation, agriculture, or residential use.
      0001 S 336 Road, Morrison, OK 73061
      View Details
    • $235,400

      Productive Pastureland Near Morrison, OK

      39.90 acres of versatile land near Highway 412.
      0002 S 336 Road, Morrison, OK 73061
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 29.95 acres in Pawnee County with pastureland and pond.
    Where is this agricultural land / farmland located?
    The property is located at Tract D E 4500 RD Morrison, OK.
    What is the asking price?
    The asking price for this property is $185,700.
    What are key features of this property?
    This property features: 29.95‑acre tract ideal for hobby farm, agriculture, or recreation.; Open pastureland suitable for cattle or horses.; Pond provides water source and enhances appeal.
    (918) 649-0234
    We can help!
    Listing Contact
    Elizabeth Jones
    Real Estate License ID: 176886
    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

    Thank You for Inquiry
    Tract D E 4500 RD, Morrison, OK 73061
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!