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    Oklahoma Land Near Lake Texoma Title is generated by Realmo AI

    7275 Leavenworth Trail, Mead, OK 73449

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    Claim this Listing
    For Sale
    $965,000

    Traditional, Farm/Ranch - Mead, OK

    Type:Farm
    Property size:
    1,819 SF
    Lot size:
    39.68 Acres
    Price / SF:
    $530/SF
    Added:
    Apr 23, 2026
    Days on Market:
    30
    Last Refresh:
    May 22 at 8:06 am

    Property Features for 7275 Leavenworth Trail

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Carport, Garage
    Patio and Porch features
    Patio, Porch
    Interior features
    Built-in Features, Cathedral Ceiling(s), Decorative Lighting, Double Vanity, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High Speed Internet Available, Kitchen Island, Pantry, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Rain Gutters, Kennel, Lighting, Rain Barrel/Cistern(s), Rv/Boat Parking, Storage, Storm Cellar, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Microwave, Range, Washer, Water - Filter, Water - Softener
    Standard status
    Active
    APN
    707S08E200900
    Size
    1,819 SF
    Lot size
    39.68 Acres

    Utilities

    Heating system
    Central, Fireplace(s), Propane (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2007
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Tile - Ceramic, Vinyl
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    New Traditional
    Additional Structures
    RV/Boat Storage, Storage

    We can help!

    Listing Contact
    Jared Groce
    Jared Groce

    Listing agent Jared Groce License #0584362

    Listing office Mossy Oak Properties- Cross Timbers Land & Home, LLC 200 N. Dixon St., Dallas, OK

    Listing date Apr 23, 2026

    MLS# 21144486 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Adjoins US Army Corps of Engineers (USACE) land of Lake Texoma and Oklahoma state land, ensuring privacy
    • Excellent access to outdoor recreation including hunting, fishing, trails, public land, and Lake Texoma
    • Move‑in ready 1819 sq ft home (3 bed/2 bath), metal shop with office, entry gate, improved roads, pond, and storm shelters
    • Located on a well‑maintained asphalt highway, providing convenient access to nearby cities and Willow Springs Resort on Texoma
    • Property includes desirable features such as granite kitchen counters, custom cabinets, a wood‑burning fireplace, and a screened‑in porch
    • Utilities are in place: electric, septic, water, propane, and internet

    Overview

    Located on Leavenworth Trail in Bryan County, OK, this property is 3 miles from Mead, 9 miles from Durant, 26 miles from Sherman, TX, and 8 miles from Willow Springs Resort on Texoma. The land spans nearly 40 acres adjoining the US Army Corps of Engineers (USACE) land of Lake Texoma, with State of Oklahoma land bordering to the north, and USACE land bordering the west and part of the south. The terrain ranges from 650 to 700 feet above sea level. The property includes one pond, a creek, and is supplied with water by Rural Water District #5. Utilities include electric, septic, water, propane and internet. The land features native grasses and trees including white oak, red oak, hickory, cedar, pine, and pecan. Improvements include an entry gate, improved roads, a pond, a home, a shop, storm shelters, and trails. The home, built in 2007, is 1819 square feet with 3 bedrooms, 2 bathrooms, an excellent wood burning fireplace, a composition shingle roof, a screened-in porch, and a 20x23 garage with a separate attached carport. The kitchen features granite counters and custom cabinets. The 30x48x10 metal shop has a concrete floor, a 12'x9' overhead door, and a 12x18 office area. The property is currently used as a single family rural residence and has potential for rural residential, estate, recreational, investment, resort, development, and commercial use. There is an electrical transmission line easement. Taxes were $2,063 for 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Mead
    County
    Bryan
    State
    Oklahoma
    Longitude
    -96.500413
    Latitude
    33.956656

    Nearby Similar for Sale

    • $184,500
      6,480 SF

      Storage Units and Shop Building

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      View Details
    • $600,000
      8,800 SF

      Highway 70 Frontage Buildings

      Two buildings with Highway 70 frontage in Mead, Oklahoma.
      6177 Hwy 70 W, Mead, OK 73449
      View Details

    FAQs

    What type of property is this?
    Farm - 40 acres near Lake Texoma with home and shop.
    Where is this farm located?
    The property is located at 7275 Leavenworth Trail Mead, OK.
    What is the asking price?
    The asking price for this property is $965,000.
    What are key features of this property?
    This property features: Adjoins US Army Corps of Engineers (USACE) land of Lake Texoma and Oklahoma state land, ensuring privacy; Excellent access to outdoor recreation including hunting, fishing, trails, public land, and Lake Texoma; Move‑in ready 1819 sq ft home (3 bed/2 bath), metal shop with office, entry gate, improved roads, pond, and storm shelters
    (940) 600-1313
    We can help!
    Listing Contact
    Jared Groce
    Jared Groce
    Real Estate License ID: 0584362
    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.

    More about this property
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    7275 Leavenworth Trail, Mead, OK 73449
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