Corner
For Sale
$189,000
132 W Broadway Street, Lexington, OK 73051
Commercial Sale, Lexington, OK
Property Size1,380 SF
Lot Size0.16 Acres
Price / SF$136.96
Days on Market375
Property Features for 132 W Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Directions
Broadway and 1st Street right on the corner!
Standard status
Active
APN
132WBroadway73051
Size
1,380 SF
Lot size
0.16 Acres
Additional Details
Corner Location
Yes
Utilities
Cooling system
Electric
Building Details
Year built
1973
Floors in Building
1
Listing Agency:
Metro Brokers of Ok Connect
Listed By:
Sarah Neal
(405) 701-3110
Added: Oct 16, 2025
Changed: Oct 24
Last Checked: Oct 25 at 2:06PM
MLS# 1196383
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,380-square-foot storefront sits on a 0.16-acre corner lot at 132 W Broadway Street in Lexington. The building was constructed in 1973 and has a newer roof, a large HVAC system, and electric cooling. The property is zoned Commercial.
Its corner-lot position places the building at W Broadway Street in Lexington, Oklahoma.
Its corner-lot position places the building at W Broadway Street in Lexington, Oklahoma.
Key Highlights
- 1,380‑square‑foot storefront on a 0.16‑acre corner lot
- Commercial zoning
- Newer roof and large HVAC system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,766
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,320
$275.3K
Cap Rate 7%
$196,657
$196.7K
Cap Rate 9%
$152,956
$153.0K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$20.7K $15.00/SF
− Vacancy
−$1.0K −$0.75/SF
EGI
$19.7K $14.25/SF
− OpEx
−$5.9K −$4.27/SF
NOI
$13.8K $9.98/SF
Area
Cleveland 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%
$275,320
Cap Rate 7%
$196,657
Cap Rate 9%
$152,956
Alternative Uses
Best Use
Retail
$196.7K
$172.1K – $229.4K
NOI $13,766 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.4K
$296.9K – $395.9K
NOI $23,755 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 73051, OK
9,541
Population
3,210
Households
3
Avg Household Size
42
Median Age
12%
College-Educated
83%
High-School Grad
126.7 sq mi
ZIP Area
75
Density / Sq Mi
$65,074
Median Household Income
$37,857
Median Earnings
$934
Median Rent
$152,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - The commercial building has a newer roof and electric cooling.
Where is this storefront property located?
The property is located at 132 W Broadway Street Lexington, OK.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 1,380‑square‑foot storefront on a 0.16‑acre corner lot; Commercial zoning; Newer roof and large HVAC system
