Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Cedar Creek Community Title is generated by Realmo AI

    140 Redbird Lane, Colbert, OK 74733

    View on Map
    Claim this Listing
    For Sale
    $34,000

    Vacant Land - Colbert, OK

    Lot size:
    0.81 Acres
    Added:
    Nov 6, 2025
    Days on Market:
    197
    Last Refresh:
    May 22 at 2:06 pm

    Property Features for 140 Redbird Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    100
    Parking features
    Garage
    Standard status
    Active
    Lot size
    0.81 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Karen Lee

    Listing agent Karen Lee

    Listing office Painted Sky Real Estate 205 W Jefferson St., Lone Wolf, OK

    Listing date Nov 6, 2025

    MLS# 11602502 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

    • Ideal location: close to Denison, TX and Durant, OK.
    • Lake Texoma access: Minutes away from Lake Texoma and Burns Flat boat ramp.
    • Ready for custom build: Level building site with utilities available and flexible building options.
    • No HOA fees: Enjoy country living without HOA fees.
    • Large lot size: Approximately 0.81 acre lot with ~120 ft of road frontage.
    • Community maintained roads: Subdivision roads are maintained by Bryan County Commissioners.

    Overview

    This vacant land, situated in the Cedar Creek Community, offers approximately 0.81 acres for building a home. Located on a river rock road near a cul-de-sac, the property features about 120 feet of road frontage on Redbird Lane. The site is a level building site with a view. Utilities, including OG&E electric, Achille municipal water, and Cherokee Communications high-speed internet, are buried along the roads throughout the subdivision. The buyer is responsible for septic installation and utility connections from the road. Subdivision roads are maintained by Bryan County Commissioners. The location provides a balance of country living with proximity to city conveniences, being 16 miles from Denison, TX, and 12 miles from Durant, OK. Recreational opportunities are nearby, including Lake Texoma, Burns Flat boat ramp, Choctaw Casino, golfing, shopping, dining, movies, bowling, arcade, fishing, wake boarding, and tubing. The Cedar Creek Community offers country living in a neighborhood setting, located outside city limits with no HOA fees. Restrictions include a 1,200 sq ft minimum living space, with log, stone, brick, siding, and barndominiums welcome; no manufactured homes are allowed. The property is located 7 miles east of Colbert, Oklahoma on Hwy 91.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Colbert
    County
    Bryan
    State
    Oklahoma
    Longitude
    -96.4755
    Latitude
    33.8539

    Nearby Similar for Sale

    • $299,000
      2,160 SF

      Turnkey Restaurant with Owner Financing

      Established restaurant with equipment, shop, and residential unit.
      117 S Franklin Street, Colbert, OK 74733
      View Details
    • $6,000
      12,500 SF

      High-Visibility Commercial/Industrial Property Near Highway

      12,500 sq ft multi-level building near Hwy 75.
      Hwy 69-75, Colbert, OK 74733
      View Details
    • $10,000

      Residential Lot Near Lake Eufaula

      Vacant lot in Arrowhead Estates near Lake Eufaula.
      Dogwood Drive, Colbert, OK 74733
      View Details
    • $34,000

      Colbert, OK Vacant Land

      Three adjacent ~0.81 acre lots available near Colbert, Oklahoma.
      120 Deerfield Road, Colbert, OK 74733
      View Details
    • $115,000

      Colbert, OK Land For Sale

      2.5 acre commercial land in Colbert, Oklahoma.
      20 Sims Road, Colbert, OK 74733
      View Details
    • $32,000

      Homesite Ready for Custom Home

      0.62 acre homesite ready for your vision of country life.
      120 Hideaway Trail, Colbert, OK 74733
      View Details
    • $90,000

      Land with Private Pond

      2.76 acre homesite with private pond near Colbert, Oklahoma.
      605 Blessings Way, Colbert, OK 74733
      View Details
    • $125,000

      Colbert, OK Acreage for Sale

      2.529-acre tract in Colbert, OK, perfect for a dream home.
      29 Sims Road, Colbert, OK 74733
      View Details
    • $120,000

      Colbert, OK Acreage for Sale

      2.108-acre tract with mature trees, ideal for residential use.
      25 Sims Road, Colbert, OK 74733
      View Details
    • $100,000

      Colbert, OK Acreage Opportunity

      1.886-acre tract with mature trees, ideal for home.
      32 Sims Road, Colbert, OK 74733
      View Details
    • $125,000

      Colbert, OK Land Opportunity

      2.827-acre tract with mature trees, ideal for home.
      31 Sims Road, Colbert, OK 74733
      View Details
    • $115,000

      Colbert, OK Land Opportunity

      2.5-acre tract with mature trees, ideal for home.
      21 Sims Road, Colbert, OK 74733
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land in Colbert, OK, near Lake Texoma.
    Where is this land located?
    The property is located at 140 Redbird Lane Colbert, OK.
    What is the asking price?
    The asking price for this property is $34,000.
    What are key features of this property?
    This property features: Ideal location: close to Denison, TX and Durant, OK.; Lake Texoma access: Minutes away from Lake Texoma and Burns Flat boat ramp.; Ready for custom build: Level building site with utilities available and flexible building options.
    (580) 465-3015
    We can help!
    Listing Contact
    Karen Lee
    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
    140 Redbird Lane, Colbert, OK 74733
    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!