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    6 Council Rd Blanchard, OK 73010

    • Commercial real estate
    • 0.67 lot acres
    For Sale
    View listing
    $220,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6 Council Rd

    Lot size
    0.67 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.67-acre commercial lot presents a remarkable investment opportunity in the thriving Blanchard, Oklahoma community. Strategically situated on Highway 76 (Council Road), this property enjoys unparalleled visibility and accessibility, benefiting from high daily traffic counts. The location is anchored by Liberty National Bank and is surrounded by a mix of established residential neighborhoods, retail businesses, and other essential services including a post office and three additional banks. This prime location ensures consistent foot traffic and strong potential for a variety of commercial ventures. The property's zoning designation, encompassing C1, C2, C3, and C4 classifications, offers considerable flexibility for diverse commercial uses. Potential uses include retail establishments, restaurants, medical offices, or professional office spaces. This versatile property is ideal for entrepreneurs and investors seeking a prominent location in a rapidly expanding market. The high visibility and established commercial presence in the immediate vicinity make this an exceptional opportunity to establish a successful business or expand an existing one. The property's size and zoning provide ample space for development and customization to meet specific business needs. Don't miss this chance to secure a prime commercial location in Blanchard's burgeoning economy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Blanchard
    County
    McClain
    State
    Oklahoma
    Longitude
    -97.6532
    Latitude
    35.1474

    Comparable in this City

    • Value Estimation
      $280,000
      0.23 Acres

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      COMMERCIAL (GENERAL) • 0.23 Acres
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    • Value Estimation
      $385,000
      5,000 SF

      Blanchard, OK 73010

      COMMERCIAL (GENERAL) • 5,000 SF
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    • Value Estimation
      $355,000
      7,200 SF

      Blanchard, OK 73010

      COMMERCIAL (GENERAL) • 7,200 SF
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    • Value Estimation
      $340,000
      2,775 SF

      1047 County St

      COMMERCIAL (GENERAL) • 2,775 SF
      1047 County St, Blanchard, OK 73010
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    • Value Estimation
      $55,000
      4,000 SF

      Blanchard, OK 73010

      COMMERCIAL (GENERAL) • 4,000 SF
      Blanchard, OK 73010
      View Details
    • Value Estimation
      $295,000
      340 SF

      Blanchard, OK 73010

      COMMERCIAL (GENERAL) • 340 SF
      Blanchard, OK 73010
      View Details

    Similar Nearby for Sale

    • $220,000
      0.67 Acres

      Blanchard Commercial Land Opportunity

      High-traffic location, ideal for various businesses.
      6 Council Rd, Blanchard, OK 73010
      View Details
    • $237,500

      Blanchard Commercial Land Opportunity

      High-traffic location, diverse zoning.
      5 Council Rd, Blanchard, OK 73010
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    • $230,000
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      Blanchard Commercial Land - Hwy 76

      High-traffic location, development opportunity.
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    • $320,000
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      Blanchard Land - Hwy 62 Frontage

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    • $257,500
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      Blanchard Commercial Land - Hwy 76

      High-traffic location, excellent development potential.
      3 Council Rd, Blanchard, OK 73010
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    • $552,900

      Blanchard Commercial Land - Prime Location

      C-4 Zoned Land, High Traffic Area
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    Similar Nearby for Lease

    • $13 SF/Yr
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    • $12 SF/Yr
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      Retail Space in High-Traffic Area

      Retail space with high visibility and established tenant mix.
      847 Veterans Memorial Hwy, Blanchard, OK 73010
      View Details
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    6 Council Rd
    Blanchard, OK 73010
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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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