400 Jones NW Rd El Reno, OK 73036-8946
- Warehouses
- 3,090 SF
- 1.10 lot acres
Current Use by Public Records
- Storage Vets / Self-Storage Facility / Automobile Storage Facility
Property Details for 400 Jones NW Rd
- Year built
- 1998
- Lot size
- 1.10 lot acres
- Property size
- 3,090 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 90023765
- APU
- 90023765
Description
This exceptional self-storage opportunity in El Reno, Oklahoma, presents a compelling investment prospect. Located at 400 Jones Rd NW, 73036, this facility boasts 5,000 square feet of rentable space situated on a 1.49-acre lot. The property currently houses 61 individual storage units, demonstrating a strong occupancy rate of 65%. Furthermore, the economic occupancy stands at a healthy 61%, indicating significant potential for revenue generation. The property's current performance, coupled with the identified expansion opportunity, suggests a promising return on investment. The property's location in Canadian County offers convenient access for residents and businesses in the El Reno area. This turnkey operation is ready for a new owner to capitalize on its existing success and further develop its potential. The asking price for this well-established self-storage facility is $300,000. This represents a rare chance to acquire a profitable and growing business in a desirable market. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $210,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $240,000
- 7%
- $270,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $270,000
- Mixed-Use
- $275,000
- Hospitality
- $295,000
- Educational
- $245,000
- Residential Income
- $250,000
- Energy
- $255,000
- Income-Based Land
- $295,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- El Reno
- County
- Canadian
- State
- Oklahoma
- Longitude
- -97.9571
- Latitude
- 35.551
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA