Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11307 Vegas Road Thackerville, OK 73459

    View on Map
    Claim this Listing
    For Sale
    $2,000,000

    Commercial - Thackerville, OK

    Lot size:
    0.34 Acres
    Added:
    Sep 15, 2025
    Days on Market:
    227
    Last Refresh:
    Apr 29 at 10:06 pm

    Property Features for 11307 Vegas Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    297

    Building Details

    Year built
    2000
    Year renovated
    2000
    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah Fulton
    Sarah Fulton

    Listing agent Sarah Fulton

    Listing office Southern Oklahoma Realty 821 W Broadway, Ardmore, OK

    Listing date Sep 15, 2025

    MLS# 11653447 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.

    Overview

    Prime Commercial Corner Near Casino

    This 0.337-acre commercially zoned corner lot is located on Vegas Rd. & Blackjack Rd. in Thackerville, Oklahoma, directly adjacent to WinStar World Casino & Resort. The property features over 300 feet of dual frontage, providing maximum exposure. All utilities are available for development. The site offers immediate access to I-35 and major traffic corridors. This location is suitable for retail, hospitality, dining, lodging, or mixed-use projects. This property presents an opportunity to secure a high-traffic commercial footprint in a major entertainment destination.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Hotel & Motel HVAC Service Storage Facility Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Thackerville
    County
    Love
    State
    Oklahoma
    Longitude
    -97.1437
    Latitude
    33.7815

    Nearby Similar for Sale

    • $795,000
      3,823 SF

      Thackerville Farm/Estate Near WinStar Casino

      Country estate near WinStar Casino with custom brick home.
      12815 Gladney Lake Road, Thackerville, OK 73459
      View Details
    • $495,000

      Thackerville Land I-35 Interchange

      8.5 acre tract with high visibility near I-35.
      Highway 77, Thackerville, OK 73459
      View Details
    • $2,200,000
      8,226 SF

      Turnkey Multi-Structure Hospitality Asset

      Scenic 10-acre property near I-35, WinStar Casino, Oklahoma-Texas border.
      12625 Sandpiper Road, Thackerville, OK 73459
      View Details
    • $1,600,000

      Thackerville, OK Land Opportunity

      Prime 13+/- acre parcel off Exit 1 in Thackerville.
      22876 Us Highway 77, Thackerville, OK 73459
      View Details
    • $849,000
      1,232 SF

      Thackerville Rental Cabins and RV

      Rental cabins, RV spots, and mobile home near casino.
      10778 Hideaway Lane, Thackerville, OK 73459
      View Details
    • $329,000

      Thackerville Land with Farm Potential

      23.5 acre farm/ranch land near I-35 and state line.
      Ironwood, Thackerville, OK 73459
      View Details
    • $990,000

      Recreational Land Near Red River

      66 acres of recreational land near Winstar World Casino.
      Old Towne Road, Thackerville, OK 73459
      View Details
    • $972,000

      Thackerville Land Near Winstar Casino

      54.54 acres of raw land near I-35.
      Gladney Lake Road, Thackerville, OK 73459
      View Details
    • $125,000

      Thackerville Vacant Land Near Casino

      Prime commercial land opportunity near WinStar World Casino & Resort.
      22995 Highway 77, Thackerville, OK 73459
      View Details
    • $2,130,000
      22,950 SF

      Thakerville Land Near WinStar Casino

      53.19 acres with I-35 visibility and a 22,950 sq ft building.
      Highway 77 & White Rose Road, Thakerville, OK 73459
      View Details
    • $649,900

      Thackerville RV Park Opportunity

      RV park with expansion potential near Winstar Casino.
      20080 Tabler Rd, Thackerville, OK 73459
      View Details
    • $12
      2,067 SF

      Thackerville Commercial Property For Sale

      Commercial property available for purchase in Thackerville, Oklahoma.
      11106 Rogers Road, Thackerville, OK 73459
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility corner lot near WinStar Casino, ideal for development.
    Where is this commercial land located?
    The property is located at 11307 Vegas Road Thackerville, OK.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Prime commercial corner location adjacent to WinStar World Casino & Resort.; High‑visibility corner lot with over 300 feet of dual frontage.; Immediate access to I‑35 and major traffic corridors.
    (580) 222-4555
    We can help!
    Listing Contact
    Sarah Fulton
    Sarah Fulton
    Real Estate License ID: 159444
    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!