Add Listing
    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

    3 N Council Road Blanchard, OK 73010

    View on Map
    For Sale
    $275,000

    LAND - Blanchard, OK

    Lot size:
    0.86 Acres
    Added:
    May 5, 2022
    Days on Market:
    1435
    Last Refresh:
    Apr 8 at 7:06 pm

    Property Features for 3 N Council Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    3NCouncil73010
    Lot size
    0.86 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Lindsey Bunch

    Listing agent Lindsey Bunch License #145779

    Listing office LB Realty Group-MB of Oklahoma 1301 N Council RD STE E, BLanchard, OK

    Listing date May 5, 2022

    MLS# 1007316

    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.

    Overview

    Commercial Land in Blanchard, OK

    This 0.86-acre commercial land is situated in the fast-growing community of Blanchard, Oklahoma, on Hwy 76 (Council Rd). The location is anchored by Liberty National Bank and surrounded by residential additions, retail locations, a post office, and three banks. The property is zoned C1, 2, 3 & 4, making it suitable for retail, restaurants, medical offices, and other commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Blanchard
    County
    McClain
    State
    Oklahoma
    Longitude
    -97.653318
    Latitude
    35.147524

    Nearby Similar for Sale

    • $299,000
      1,400 SF

      Versatile Commercial Property in Blanchard

      Well-maintained 1,400 sq ft commercial property with flexible layout.
      113 E Broadway, Blanchard, OK 73010
      View Details
    • $999,999

      Commercial Land on Highway 62

      Highly visible commercial land in a growing Oklahoma corridor.
      Highway 62, Blanchard, OK 73010
      View Details
    • $499,999

      Commercial Land Highway 62 Frontage

      Commercial lots with Highway 62 frontage near downtown Blanchard, Oklahoma.
      2505 W Veterans Memorial Highway, Blanchard, OK 73010
      View Details
    • $69,900

      Blanchard Homesite Overlooking Pond

      Desirable homesite in Winter Creek Golf and Social Club.
      2310 Clubhouse Drive, Blanchard, OK 73010
      View Details
    • $69,900

      Residential Land in Golf Community

      Homesite in Winter Creek Golf and Social Club.
      2308 Clubhouse Drive, Blanchard, OK 73010
      View Details
    • $69,900

      Waterfront Golf Course Homesite

      Desirable waterfront homesite in Winter Creek Golf and Social Club.
      2307 Clubhouse Drive, Blanchard, OK 73010
      View Details
    • $69,900

      Waterfront Golf Course Homesite

      Homesite overlooking pond and golf course in Winter Creek.
      2305 Clubhouse Drive, Blanchard, OK 73010
      View Details
    • $69,900

      Waterfront Golf Course Homesite

      Homesite overlooking pond and golf course in Blanchard, Oklahoma.
      2309 Clubhouse Drive, Blanchard, OK 73010
      View Details
    • $199,000

      Prime Commercial Land Opportunity

      2.27 acres on State Highway 62 in Blanchard, OK.
      Hwy 62, Blanchard, OK 73010
      View Details
    • $69,900

      Waterfront Golf Course Homesite

      Desirable Blanchard homesite with water frontage and golf course views.
      2301 Clubhouse Drive, Blanchard, OK 73010
      View Details
    • $100,000

      Blanchard Acreage with Animal Shelters

      5.09-acre lot with animal shelters near Winter Creek golf.
      County Road 1370, Blanchard, OK 73010
      View Details
    • $185,000

      Land with Shop in Blanchard, OK

      4.89 acres with shop, well, and septic system.
      1889 County Street 2950, Blanchard, OK 73071
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land in a rapidly growing Blanchard community.
    Where is this commercial land located?
    The property is located at 3 N Council Road Blanchard, OK.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Prime location in fast‑growing Blanchard community.; Highway 76 (Council Rd) frontage.; Zoned C1, 2, 3 & 4 offering versatile usage.
    (405) 317-9542
    We can help!
    Listing Contact
    Lindsey Bunch
    Real Estate License ID: 145779
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!