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    12001 Slaughterville Rd Lexington, OK 73051
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    12001 Slaughterville Rd, Lexington, OK 73051

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    • Retail space
    • 3,136 SF
    • 1.10 lot acres
    For Sale
    $329,000
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    Lexington Convenience Store & Gas For Sale
    $329,000
    1,248 SF

    Lexington Convenience Store & Gas

    Operating convenience store and gas station on 1.1-acre corner lot.

    12001 Slaughterville Road, Lexington, OK 73051
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    Property ID
    US69-0189235
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighbor's Grocery / Grocery & Convenience Store / Food Market

    Property Details for 12001 Slaughterville Rd

    Year built
    2019
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.10 lot acres
    Property type
    Retail space
    APN
    SD40 7 1W 12016
    APU
    SD4071W12016

    Description

    This exceptional investment opportunity presents a fully operational convenience store and gas station ideally situated on a highly visible 1.1-acre corner lot in Lexington, Oklahoma. The main building, totaling 1,248 square feet, has served the community since 1987, establishing a loyal customer base. The property includes two above-ground fuel tanks – one with a 3,000-gallon capacity for diesel fuel and another with a 9,300-gallon capacity for unleaded fuel, serviced by three dispensers. Adding to the property's versatility is a 16x20 portable building, cleverly divided into a 12x16 kitchen area and an 8x16 storage space, offering potential for expansion or additional revenue streams. The asking price of $329,000 excludes the inventory value, providing a flexible entry point for prospective buyers. This turnkey operation presents a rare chance to acquire a well-established business with significant growth potential in a thriving community. Detailed financial information and operational specifics are available upon execution of a Non-Disclosure Agreement. Don't miss this chance to own a piece of Lexington's commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.265
    Latitude
    35.0879
    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
    $1,186
    $952
    $9,907
    $10,859
    -
    $15,750
    $163,791
    $179,541

    Comparable in this City

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      115 Broadway St

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      115 Broadway St, Lexington, OK 73051-9078
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      1,635 SF

      120 Broadway St

      RETAIL STORES (PERSONAL SERVICES)
      120 Broadway St, Lexington, OK 73051-9078
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    • Value Estimation by Request
      1,680 SF

      113 Main St

      RETAIL STORES (PERSONAL SERVICES)
      113 Main St, Lexington, OK 73051-9079
      View Details
    • Value Estimation
      $640,000
      3,673 SF

      16777 156th St

      RETAIL STORES (PERSONAL SERVICES)
      16777 156th St, Lexington, OK 73051-6226
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    • Value Estimation by Request
      2,736 SF

      700 Broadway St

      RETAIL STORES (PERSONAL SERVICES)
      700 Broadway St, Lexington, OK 73051-9067
      View Details

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      1,248 SF

      Lexington Convenience Store & Gas

      Operating convenience store and gas station on 1.1-acre corner lot.
      12001 Slaughterville Rd, Lexington, OK 73051
      View Details
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      Lexington Retail Property For Sale

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    Lexington, OK 73051
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    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.

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