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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Industrial properties
9660 State Hwy 39 Lexington, OK 73051
Individually Owned
7-yr Hold
Free & Clear
Property ID
US69-1239837
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2018
Total area
7,440 SF
Lot
5.23 ac (227,819 SF)
APN
SD57 6 1W 3022
UPID
US69-1239837
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$450k
Comparable Approach
Comparable
$905k
Blend (final)
Blend
$700k
Owner & transaction history
Nicholas F Hicks · 7 yrs held
Nicholas F Hicks
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+80.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$490,000
6.5%
$450,000
7%
$420,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$620,000
Current use
OFFICE BUILDING
$1,115,000
Change: +81% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$94 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,385
Tax year 2023
Assessed value
$61,471
Assessed 2023
Previous assessed
$24,843
+147.4% YoY
Effective rate
10.39%
On assessed value
Assessed land
$5,781
Assessed improvement
$55,690
Land market value
$49,685
Improvement market value
$478,626
Total market value
$528,311
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2018
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
7,440 SF
Lot
5.23 ac (227,819 SF)
APN
SD57 6 1W 3022
UPID
US69-1239837
Jurisdiction
CLEVELAND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$620,000
OFFICE BUILDING
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
5.23 ac
Current owner
From public records · entity-resolved
Nicholas F Hicks
Individual
Free & Clear · 7 yrs held
Mailing address
PO BOX 249, LEXINGTON, OK 73051-0249
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2019
—
Nicholas F Hicks
—
Deed
related
$595,434 · Bancfirst
Sep 28, 2018
—
Nicholas F Hicks
Wells Land & Cattle Co LLC
Grant Deed
related
—
Aug 13, 2018
$215,000
Nicholas F Hicks
Wells Land & Cattle Co LLC
Grant Deed
$502,386 · Bancfirst
Dec 22, 2016
$50,000
Wells Land & Cattle Co LLC
Mcdonald,lee & Lisa
Warranty Deed
—
Dec 22, 2016
—
Sally J Sims
Sims,johnny R
Affidavit Of Death
related
—
Nov 25, 2015
—
Lee Mcdonald
Sims,sally J
Grant Deed
related
—
—
—
Nicholas F Hicks
—
Deed Of Trust
related
$595,434 · Bancfirst
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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