16399 96Th St Lexington, OK 73051
This exceptional 8.89-acre property presents a unique opportunity for diverse development in unincorporated Cleveland County, Oklahoma. Located at 16399 96th Street, Lexington, OK 73051, this expansive lot boasts 440 feet of frontage on a paved road, offering convenient access and high visibility. The dimensions measure approximately 440 feet by 880 feet, providing ample space for a variety of projects. The property is zoned for both industrial and residential uses, making it ideal for developers seeking flexibility and diverse options. Utilities are readily available, with rural water and electricity already in place. Furthermore, an application for three water wells has been submitted, further enhancing the property's potential. Its strategic location offers proximity to major transportation arteries, being situated near Interstate 35, approximately 40 miles south of downtown Oklahoma City and 18 miles south of downtown Norman. This prime location combines rural tranquility with convenient access to urban amenities, making it an attractive investment for both residential and industrial ventures. The property's size, zoning, and location make it a highly desirable asset for those seeking a substantial land parcel with significant development potential in a rapidly growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.