Listing Agency: KirkAngel, Inc. k***@yahoo.com Show Phone

Listed By: Daniel Kepford · License #202758 Show Phone

Source: Exprealty

Added: Aug 27 Changed: Sep 15 Last Checked: Oct 15 at 2:46AM

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Investment Insights

Based on property information with market context.

This truck stop development site encompasses approximately 8.48 acres and is positioned at a hard corner. Utilities are identified as being available to the site, supporting future commercial development planning.

The property is located at 9952 Hornbeam Road in Henryetta, Oklahoma, with direct access to I-40. Its highway-oriented setting and corner position provide a clear basis for evaluating truck stop and related commercial uses.

Key Highlights

• Approximately 8.48 acres
• Utilities available to the site
• Hard‑corner positioning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$159,786

Cap Rate

6.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,195,720 $3.2M

Cap Rate 7%

$2,282,657 $2.3M

Cap Rate 9%

$1,775,400 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,226 SF

Gross rent

$221.9K $15.60/SF

− Vacancy

−$8.9K −$0.62/SF

EGI

$213.0K $14.98/SF

− OpEx

−$53.3K −$3.74/SF

NOI

$159.8K $11.23/SF

Area

Okmulgee County, OK

Vacancy

4.00%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,195,720

Cap Rate 7%

$2,282,657

Cap Rate 9%

$1,775,400

Alternative Uses

Best Use

Specialty Retail

$2.28M

$2.00M – $2.66M (±1% cap)

NOI $159,786 @ 7.0% cap · market cap 6.27%

Second Best

Retail

$2.25M

$1.97M – $2.62M (±1% cap)

NOI $157,260 @ 7.0% cap · market cap 6.17%

Theoretical Best

Office A

$3.36M

$2.94M – $3.92M (±1% cap)

NOI $234,900 @ 7.0% cap · market cap 9.21%

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

Property Analytics

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Current Use

Truck stops

Suggested Use

Top Pick Auto Parts Store Storage Facility Grocery & Convenience Store (Bike/Boat/Book/etc) Store Parking Lot & Garage Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

81

Businesses Nearby

1k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Hotels & Casinos 100%

Super 8 Henryetta Hotels & Casinos

1,051 visits/mo 0.2 miles

Demographics for 74437, OK

9,098

Population

4,355

Households

2.1

Avg Household Size

42

Median Age

14%

College-Educated

83%

High-School Grad

190.3 sq mi

ZIP Area

48

Density / Sq Mi

$45,283

Median Household Income

$33,942

Median Earnings

$767

Median Rent

$91,800

Median Home Value

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

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Frequently Asked Questions

What type of property is this?

Truck stop - Hard-corner commercial site positioned directly off I-40 with utilities available at the property.

Where is this truck stop located?

The property is located at 9952 Hornbeam Road Henryetta, OK.

What is the asking price?

The asking price for this property is $2,550,000.

What are key features of this property?

This property features: Approximately 8.48 acres; Utilities available to the site; Hard‑corner positioning