Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10838 240Th St Blanchard, OK 73010

    Sponsored
    For Sale
    $125,000

    LAND - Blanchard, OK

    Lot size:
    10.02 Acres
    Days on Market:
    126
    Last Refresh:
    Feb 5 at 4:06 am

    Property Features for 10838 240Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Agriculture
    APN
    10838NONE240th73010
    Lot size
    10.02 Acres

    We can help!

    Listing Contact
    Lyanna Grider

    Elite Key Realty (405) 802-5524

    Listing agent Lyanna Grider (405) 403-1462

    Listing date Oct 3, 2025

    MLS# 1179525

    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.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Blanchard, OK

    This 10.02-acre tract of land is located in a subdivision south of Blanchard, Oklahoma, and west of Dibble and I-35, offering easy access to Highway 76. The property features trees, privacy, and space. It is within the Dibble school district. A minimum build size of 1600 square feet is required for any residence, and all building plans must be approved by the building committee. Barndominiums are allowed with approval. Mobile, manufactured, and prefab homes are not permitted. Outbuildings up to 50'x60'x14' are allowed with the building committee's approval. The property can be subdivided into two 5-acre tracts. Only one residence is allowed per lot. Well and septic systems (aerobic or lateral) will be needed and must be approved by the DEQ. Horses, cattle, sheep, goats, pigs, and chickens are allowed. Owners may have three horses or cows per lot, or four sheep, pigs, or goats per lot, with a maximum of 24 chickens. There is no HOA. Electric service is provided by PSO, and phone/internet by Pioneer. Mail service is provided by the City of Blanchard. Propane is used for gas. OEC may provide internet service. Trash removal is the buyer's responsibility. Tract 2 and Tract 3 share a large fishing pond.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Blanchard
    County
    McClain
    State
    Oklahoma
    Longitude
    -97.655658
    Latitude
    35.057085

    Nearby Similar for Sale

    • $750,000
      5,000 SF

      Luxurious Barndominium Home on Acres

      Barndominium on 66+ acres with barns and working corrals.
      2527 County Street 2970, Blanchard, OK 73031
      View Details
    • $749,500
      2,745 SF

      Updated Industrial Property on 7.47 Acres

      7.47-acre industrial property with updated 2,745 SF building.
      1501 Ok-9, Blanchard, OK
      View Details
    • $237,500

      Blanchard Commercial Land Opportunity

      High-traffic location, diverse zoning.
      5 Council Rd, Blanchard, OK 73010
      View Details
    • $257,500
      0.86 Acres

      Blanchard Commercial Land - Hwy 76

      High-traffic location, excellent development potential.
      3 Council Rd, Blanchard, OK 73010
      View Details
    • $257,500
      0.86 Acres

      Blanchard Commercial Land - Hwy 76

      High-growth area, prime commercial lot.
      3 Council Rd, Blanchard, OK 73010
      View Details
    • $230,000
      0.77 Acres

      Blanchard Commercial Land - Hwy 76

      High-traffic location, development opportunity.
      2 Council Rd, Blanchard, OK 73010
      View Details
    • $349,900
      2,160 SF

      Blanchard Commercial Property - 2.73 Acres

      Three buildings, ample water, great access.
      1274 County Street 2970, Blanchard, OK 73010
      View Details
    • $398,000
      1.50 Acres

      Blanchard Land - Hwy 62 Frontage

      1.5 Acres, High Visibility, Development Potential
      000 Hwy 62 & Adams Ave, Blanchard, OK 73010
      View Details
    • $230,000
      0.77 Acres

      Blanchard Commercial Land - Hwy 76

      High-traffic location, development opportunity.
      2 Council Rd, Blanchard, OK 73010
      View Details
    • $220,000
      0.67 Acres

      Blanchard Commercial Land Opportunity

      High-traffic location, diverse zoning.
      6 Council Rd, Blanchard, OK 73010
      View Details
    • $1,700,000
      6,000 SF

      Blanchard Industrial Property - 5 Acres

      Spacious 6,000 sq ft shop on 5 acres. Ideal for business relocation or startup.
      5355 Council Ave, Blanchard, OK 73010
      View Details
    • $650,000
      5,000 SF

      Blanchard Industrial Property - 5 Acres

      Spacious Metal Shop & Mobile Home on 5 Acres
      2972 7Th St, Blanchard, OK 73010
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 10-acre residential land with subdivision potential near Highway 76.
    Where is this residential land & home lot located?
    The property is located at 10838 240Th St Blanchard, OK.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - 10-acre tract can be subdivided into two 5-acre tracts.; - No HOA fees.; - Livestock allowed: horses, cattle, sheep, goats, pigs, and chickens (subject to restrictions).
    (405) 802-5524
    Request Owner's contact information
    10838 240Th St Blanchard, OK 73010
    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.
    10838 240Th St
    Blanchard, OK 73010
    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
    10838 240Th St Blanchard, OK 73010
    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

    We can help!
    Listing Contact
    Lyanna Grider
    Real Estate License ID: 207196
    (405) 802-5524
    Learn more
    Google sign-in failed. Please try again or use another login method.