Lexington Convenience Store &
12001 Slaughterville Road Lexington, OK 73051
12001 Slaughterville Road, Lexington, OK, 73051
$329,000
For Sale
$329,000
Operating convenience store and gas station on 1.1-acre corner lot.
Property Size1,248 SF
Lot Size1.10 Acres
Price / SF$263.62
Days on Market1611
Property Features for 12001 Slaughterville Road
General Information
- Standard status
- Active
- Size
- 1,248 SF
- Lot size
- 1.10 Acres
- Property subtype
- Other
Building Details
- Year Built
- 1968
Listing Agency
Brick and Beam Realty
(405) 439-9206
Listed by
Chris Johnson · License #200452
(405) 435-3572
Source
Xome
Added: Feb 17, 2022 Checked: Jul 17 at 2:15 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brick and Beam Realty
Investment Insights
Based on property information with market context.
This property presents an opportunity to acquire an operating convenience store and gas station in Lexington. Situated on a 1.1-acre hard corner lot, the property includes a 1,248-square-foot building. The business has been serving the community since 1987. The property features two above-ground tanks with three dispensers. One tank has a 3,000-gallon capacity for diesel, and the other has a 9,300-gallon capacity for unleaded fuel. Additionally, there is a 16x20 portable building that includes a 12x16 kitchen and an 8x16 storage area. Note that the sales price does not include the inventory value.
Key Highlights
- Fully operational convenience store/gas station business since 1987
- Located on a 1.1‑acre hard corner lot
- Includes two above‑ground tanks: 3000 gallons (diesel) and 9300 gallons (unleaded)
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.7k | $21.36 |
| − Vacancy | −$2.7k | −$2.20 |
| EGI | $23.9k | $19.16 |
| − OpEx | −$6.0k | −$4.79 |
| NOI | $17.9k | $14.37 |
1,248 SF · lease $21.36/SF/yr · vacancy 10.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$256.2K
$224.2K – $298.9K
NOI $17,934 @ 7.0% cap · market cap 5.45%
Second Best
Retail
$177.8K
$155.6K – $207.5K
NOI $12,449 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$306.9K
$268.5K – $358.1K
NOI $21,483 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Neighbor's Grocery
Grocery & Convenience Store
FAQs
What type of property is this?
Gas station - Operating convenience store and gas station on 1.1-acre corner lot.
Where is this gas station located?
The property is located at 12001 Slaughterville Road Lexington, OK.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Fully operational convenience store/gas station business since 1987; Located on a 1.1‑acre hard corner lot; Includes two above‑ground tanks: 3000 gallons (diesel) and 9300 gallons (unleaded)
