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    116 Randolph Ave Enid, OK 73701

    For Lease
    $12 SF/Yr

    Historic Enid office, retail & flex space

    Lot size:
    50,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    The Sears Building, a landmark 1927 structure in downtown Enid, Oklahoma, offers a unique opportunity for businesses seeking versatile commercial space. This 50,000 square foot building features a mix of executive office, medical office, and flex space, with multiple tenancy options available. Currently, 15,000 square feet is vacant, divisible into units as small as 1,200 square feet, up to 5,000 square feet. The property boasts 80 parking spaces and is conveniently located near Randolph and Grand streets. The building's commercial zoning allows for a variety of uses. The property sits on two acres of land, offering ample space and visibility. Power is available in both single and three-phase options. This building is undergoing a renovation that includes the addition of 19 luxury apartments, creating a vibrant mixed-use environment. Retail spaces are available for build-to-suit options, allowing businesses to customize their space to meet their specific needs. The building offers secure entry and common resident areas. Retail spaces and apartments will be available October 24th. This is an exceptional opportunity to be part of Enid's downtown revitalization.

    Property Features for 116 Randolph Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,000 SF
    Total Rate
    50000

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    5,000 SF
    Rate per SF
    $12
    Space
    Available Space 3
    Size
    1,200 SF
    Rate per SF
    $12
    Space
    Available Space 2
    Size
    1,200 SF
    Rate per SF
    $12
    Space
    Available Space 4
    Size
    0 SF
    Rate per SF
    $12

    HighLights

    • Historic 1927 building in downtown Enid, OK, converted into 19 luxury apartments and 6 build‑to‑suit retail spaces.
    • Prime downtown Enid location with easy access to shops, restaurants, and cultural attractions.
    • 19 luxury apartments with modern interiors, high‑end finishes, and ample natural light; available October 24th.
    • Six build‑to‑suit retail spaces available for lease with prime storefront visibility; available October 24th.
    • Building amenities include secure entry, on‑site parking, and common resident areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Erin Cook Realtor® ... Real Estate Agency Christina Robinson REALTOR® Real Estate Agents Scott Coffey Real Estate Agent TRT Therapy Clinic Corporate Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Enid
    County
    Garfield
    State
    Oklahoma
    Longitude
    -97.8776449
    Latitude
    36.398166

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    FAQs

    What type of property is this?
    Restaurant - Historic Enid office, retail & flex space
    Where is this restaurant located?
    The property is located at 116 Randolph Ave Enid, OK.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Historic 1927 building in downtown Enid, OK, converted into 19 luxury apartments and 6 build-to-suit retail spaces.; Prime downtown Enid location with easy access to shops, restaurants, and cultural attractions.; 19 luxury apartments with modern interiors, high-end finishes, and ample natural light; available October 24th.
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    116 Randolph Ave Enid, OK 73701
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    Enid, OK 73701
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    Realmo Value Estimation

    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.

    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.

    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
    116 Randolph Ave Enid, OK 73701
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