Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Undeveloped Land Ready For Owner Title is generated by Realmo AI

    13500 E Banner Road, Lexington, OK 73051

    View on Map
    Claim this Listing
    New
    For Sale
    $595,000

    LAND - Lexington, OK

    Lot size:
    81.00 Acres
    Added:
    May 10, 2026
    Days on Market:
    2
    Last Refresh:
    May 11 at 6:06 am

    Property Features for 13500 E Banner Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agriculture
    Standard status
    Active
    APN
    13500EBanner73051
    Lot size
    81.00 Acres

    We can help!

    Listing Contact
    Carol Richards

    Listing agent Carol Richards

    Listing office Metro Brokers of Oklahoma 15136 Traditions Blvd Ste 1, Edmond, OK

    Listing date May 10, 2026

    MLS# 1228634 Listing URL

    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.

    HighLights

    • 81 acres of undeveloped land
    • Suitable for building a dream home, ranching, or investment
    • Abundance of wildlife
    • Wide open spaces with views of sunrises and sunsets
    • All livestock allowed
    • Ideal for peaceful country living and recreation

    Overview

    This property features 81 acres of undeveloped land, offering wide open spaces and an abundance of wildlife. It is suitable for peaceful country living, recreation, or future development. Livestock are allowed, making it a fit for farming, ranching, or enjoying the outdoors. The property is located in Lexington, OK.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Kitchen & Bath Showroom Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.258278
    Latitude
    35.09934

    Nearby Similar for Sale

    • $325,000

      Commercial Land on State Highway

      1.97-acre commercial corner lot with high visibility and traffic.
      8380 State Highway 39, Lexington, OK 73051
      View Details
    • $189,000
      1,380 SF

      Commercial Lot in Lexington, Oklahoma

      Corner commercial lot with high visibility and newer roof.
      132 W Broadway Street, Lexington, OK 73051
      View Details
    • $39,500

      Residential Land Near Thunderbird Lake

      5 acre residential land parcel near Thunderbird Lake.
      10423 103rd Street, Lexington, OK 73051
      View Details
    • $54,500

      Secluded Wooded Land Near Lake

      5-acre wooded property near Lake Thunderbird, suitable for building.
      17337 Bugher Road, Lexington, OK 73052
      View Details
    • $34,900

      Land in Lexington, Oklahoma

      2.674 acres of residential land in Lexington, Oklahoma.
      12190 113th St, Lexington, OK 73051
      View Details
    • $89,000

      Waterfront Land in Lexington, OK

      6.16 acres of partially wooded waterfront residential land.
      16301 125th Street, Lexington, OK 73051
      View Details
    • $40,000

      Lexington, OK Vacant Land

      0.65 acre lot near Lexington schools with city utilities.
      501 bulldog street, Lexington, OK 73051
      View Details
    • $50,000

      Wooded Acreage in Lexington, OK

      Five acre wooded land parcel in Lexington, Oklahoma.
      19454 Oakridge Drive, Lexington, OK 73051
      View Details
    • $199,933

      Land Parcel in Lexington, OK

      Land available on Pepper Tree Road in Lexington, Oklahoma.
      17001 Pepper Tree Road, Lexington, OK 73051
      View Details
    • $400,000
      1,248 SF

      Lexington Retail Property For Sale

      1,248 SF retail building in prime Lexington location.
      12001 Slaughterville Rd , Lexington, OK
      View Details
    • $180,000
      387,248 SF

      8.89 Acres Residential/Industrial Land For Sale - 16399 96th Street

      8.89 acres in Lexington, OK, ideal for development.
      16399 96th Street, Lexington, OK 73051
      View Details
    • $69,500
      6,722 SF

      Restaurant Ready Building with Apartment

      Commercial building with restaurant infrastructure and residential apartment.
      109 W Broadway, Lexington, OK 73051
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 81 acres of undeveloped land perfect for country living.
    Where is this agricultural land / farmland located?
    The property is located at 13500 E Banner Road Lexington, OK.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 81 acres of undeveloped land; Suitable for building a dream home, ranching, or investment; Abundance of wildlife
    (405) 630-7812
    We can help!
    Listing Contact
    Carol Richards
    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

    Thank You for Inquiry
    13500 E Banner Road, Lexington, OK 73051
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!