109 W Broadway St Lexington, OK 73051
Property Lookup
Property profile & analytics
109 W Broadway St Lexington, OK 73051
- Retail space
- 6,722 SF
- 0.16 lot acres
Property ID
US69-0575966
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 109 W Broadway St
- Year built
- 1894
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.16 lot acres
- Property size
- 6,722 SF
- Property type
- Retail space
- APN
- LX57AAAOT 42 27001
- APU
- LX57AAAOT4227001
Description
This versatile 6,722 square foot commercial building located at 109 W Broadway in Lexington, Oklahoma, presents a unique investment opportunity. Currently undergoing repairs to address previous roof leaks, this property boasts a rich history as a restaurant, complete with a still-in-place commercial ventilation system. The expansive interior space is adaptable to a wide range of commercial uses, such as an antique mall, craft mall, or other retail ventures. The building requires some tenant improvements to reach its full potential. Adding to its appeal is a sizable two-bedroom, two-bathroom apartment situated at the rear of the building. This apartment offers convenient access to a garage, providing ample storage space. Note that the garage requires the installation of a new door. The entire building is equipped with three central heating and air conditioning units, ensuring climate control throughout. The property sits on a 0.16-acre lot, offering potential for outdoor expansion or additional parking. This property is priced affordably at $69,900, making it an attractive proposition for savvy investors seeking a high-return opportunity with significant upside potential. The building's flexible layout and existing infrastructure make it an ideal canvas for a creative entrepreneur or investor looking to establish a thriving business in a prime Lexington location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,120,000
- 6.5%
- $1,030,000
- 7%
- $960,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $736,000
- AI Estimate
- $447,000
Market price range: $736k - $1.78MMarket price range: $448k - $1.30M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,160,000 Current use
- COMMERCIAL (GENERAL)
- $1,125,000 Change: -3% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,105,000 Change: -5% Conversion: Difficult
- OFFICE BUILDING
- $1,010,000 Change: -13% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.3362
- Latitude
- 35.0153
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$611
$1,260
$4,620
$5,880
-
$10,500
$38,500
$49,000
