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Building Details

Year Built 1983

Listing Agency: Brix Realty

Listed By: Micah McGahan · License #159945 Show Phone

Source: Alloverok

Added: Aug 18 Changed: Oct 9 Last Checked: Oct 7 at 2:40PM

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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 Brix Realty

Investment Insights

Based on property information with market context.

This convenience store and gas station property includes an on-site residential unit and was built in 1983. The property is located at 12283 State Highway 39 in Dibble, Oklahoma, directly next to Dibble Public Schools.

Its school-adjacent setting places the property alongside a documented source of nearby activity, with the convenience store serving the surrounding community and local residents.

Key Highlights

• Convenience store and gas station property
• Residential unit included
• Directly next to Dibble Public Schools

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,137

Cap Rate

5.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$742,740 $742.7K

Cap Rate 7%

$530,529 $530.5K

Cap Rate 9%

$412,633 $412.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,723 SF

Gross rent

$55.8K $15.00/SF

− Vacancy

−$2.8K −$0.75/SF

EGI

$53.1K $14.25/SF

− OpEx

−$15.9K −$4.27/SF

NOI

$37.1K $9.98/SF

Area

McClain County, OK

Vacancy

5.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$742,740

Cap Rate 7%

$530,529

Cap Rate 9%

$412,633

Alternative Uses

Best Use

Specialty Retail

$899.9K

$787.4K – $1.05M (±1% cap)

NOI $62,993 @ 7.0% cap · market cap 9.69%

Second Best

Retail

$530.5K

$464.2K – $619.0K (±1% cap)

NOI $37,137 @ 7.0% cap · market cap 5.71%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Grocery and convenience stores

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 73031, OK

27

Population

18

Households

1.5

Avg Household Size

51

Median Age

9%

College-Educated

50%

High-School Grad

0.1 sq mi

ZIP Area

270

Density / Sq Mi

$51,250

Median Household Income

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Includes a residential unit beside Dibble Public Schools on State Highway 39.

Where is this grocery and convenience store located?

The property is located at 12283 State Highway 39 Dibble, OK.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Convenience store and gas station property; Residential unit included; Directly next to Dibble Public Schools