Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in Blanchard, OK Title is generated by Realmo AI

    N Aspen Drive, Blanchard, OK 73010

    View on Map
    Claim this Listing
    Pending
    $143,000

    LAND - Blanchard, OK

    Lot size:
    5.01 Acres
    Added:
    Jan 8, 2024
    Days on Market:
    867
    Last Refresh:
    May 24 at 3:06 pm

    Property Features for N Aspen Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Pending
    APN
    NAspen73010
    Lot size
    5.01 Acres

    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 Jan 8, 2024

    MLS# 1095022 Listing URL

    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.

    HighLights

    • Secluded 5.01 acre lot offers privacy.
    • Located within Blanchard School District.
    • Enjoy scenic views.
    • Opportunity to build a dream home.
    • Country feel within town.
    • Additional lots available (2, 3, and 6).

    Overview

    This is a 5.01-acre residential land located in Blanchard, OK. The property is zoned for residential use and is situated off Morgan Rd. The acreage offers a secluded, country feel within the town. It is located within the Blanchard school district and is suitable for building a home with scenic views.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Blanchard
    County
    McClain
    State
    Oklahoma
    Longitude
    -97.694144
    Latitude
    35.143604

    Nearby Similar for Sale

    • $189,500
      1,500 SF

      Blanchard Land with Shop Building

      2.5 acres with shop building in ideal location.
      2489 County Road 1230, Blanchard, OK 73010
      View Details
    • $290,000
      1,400 SF

      Blanchard Commercial Property Near Main

      Well-maintained 1,400 sq ft commercial property near Main Street.
      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
    • $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
    • $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
    • $950,000

      28.33 Acres in Blanchard, OK

      28.33 acres in Blanchard School District for Walnut Creek Estates.
      N Rockwell Avenue, Blanchard, OK 73010
      View Details
    • $75,000
      520 SF

      Commercial Lots in Blanchard, Oklahoma

      Two commercial lots with Main Street frontage in Blanchard, Oklahoma.
      301 S Main Avenue, 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

      Homesite overlooking pond and golf course in Blanchard, Oklahoma.
      2309 Clubhouse Drive, 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
    • $115,000

      Ready-to-Build 5-Acre Land Parcel

      5-acre land parcel with utilities in place, ready for construction.
      26136 Lazy D Drive, Blanchard, OK 73010
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Secluded 5.01 acre residential land with scenic views.
    Where is this residential land & home lot located?
    The property is located at N Aspen Drive Blanchard, OK.
    What is the asking price?
    The asking price for this property is $143,000.
    What are key features of this property?
    This property features: Secluded 5.01 acre lot offers privacy.; Located within Blanchard School District.; Enjoy scenic views.
    (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

    Thank You for Inquiry
    N Aspen Drive, Blanchard, OK 73010
    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!