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    230 W Beech St Lexington, OK 73051

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    230 W Beech St Lexington, OK 73051

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    • Commercial real estate
    Off-Market
    Property ID
    US69-0748364
    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

    • Commercial real estate

    Property Details for 230 W Beech St

    Year built
    1970
    Property type
    Commercial real estate

    Description

    Back on the market! Church in Lexington that sits on 1.2342 acres or a half of a block. Church consist of an auditorium, a mens and womens restroom for the auditorium, a room for a nursery, baptismal pool, large room with a kitchen, 3 classrooms and an office with mens and womens restrooms, and up ... stairs is another large classroom with it's own bathroom. In addition there is a lot of storage rooms/areas. Property could also be turned into a residential area and/or possible daycare. Selling in as is condition and contents are negotiable.

    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
    -97.3380175
    Latitude
    35.0168035

    Comparable in this City

    • $68,000
      2.00 Acres

      Prime Hwy 77 Commercial Lot

      Two-acre lot, ideal business location
      4 Mcravins Way, Slaughterville, OK 73051
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    • $58,000
      2.00 Acres

      Prime Hwy 77 Commercial Lot

      Slaughterville, OK: 1.55 Acres, Hwy Access
      5 Mcravins Way, Slaughterville, OK 73051
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    • Contact for pricing
      6,722 SF

      Restaurant Ready Building with Apartment

      Commercial building with restaurant infrastructure and residential apartment.
      109 W Broadway St, Lexington, OK 73051
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    • Contact for pricing
      3,334 SF

      Lexington Church Building on Highway

      3334 sq ft church building on 14,000 sq ft lot.
      231 E Broadway St, Lexington, OK 73051
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    • $89,000
      6.16 Acres

      Waterfront Land in Lexington, OK

      6.16 acres of partially wooded waterfront residential land.
      16301 125Th St, Lexington, OK 73051
      View Details
    • $34,900
      2.67 Acres

      Land in Lexington, Oklahoma

      2.674 acres of residential land in Lexington, Oklahoma.
      12190 113Th St, Lexington, OK 73051
      View Details

    Similar Nearby for Sale

    • $68,000
      2.00 Acres

      Prime Hwy 77 Commercial Lot

      Two-acre lot, ideal business location
      4 Mcravins Way, Slaughterville, OK 73051
      View Details
    • $58,000
      2.00 Acres

      Prime Hwy 77 Commercial Lot

      Slaughterville, OK: 1.55 Acres, Hwy Access
      5 Mcravins Way, Slaughterville, OK 73051
      View Details
    • Contact for pricing
      6,722 SF

      Restaurant Ready Building with Apartment

      Commercial building with restaurant infrastructure and residential apartment.
      109 W Broadway St, Lexington, OK 73051
      View Details
    • Contact for pricing
      3,334 SF

      Lexington Church Building on Highway

      3334 sq ft church building on 14,000 sq ft lot.
      231 E Broadway St, Lexington, OK 73051
      View Details
    • $89,000
      6.16 Acres

      Waterfront Land in Lexington, OK

      6.16 acres of partially wooded waterfront residential land.
      16301 125Th St, Lexington, OK 73051
      View Details
    • $34,900
      2.67 Acres

      Land in Lexington, Oklahoma

      2.674 acres of residential land in Lexington, Oklahoma.
      12190 113Th St, Lexington, OK 73051
      View Details
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    230 W Beech St
    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.

    More about this property
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    230 W Beech St, Lexington, OK, 73051

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