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1001 Petree Rd Anadarko, OK 73005

For Sale
$875,000

High-return office building, 8.34% cap rate.

Property size:
6,806 SF

Description

Added:
Dec 11, 2024
Days on Market:
369
This exceptional investment opportunity presents a single-tenant, 6,806 square foot Class B office building located at 1001 W Petree Rd, Anadarko, OK 73005. The property, built in 1991 and renovated in 2019, sits on a 41,382 square foot lot and includes 35 parking spaces. Currently 100% occupied under a NNN lease with a credit-rated tenant, the lease has a remaining term of approximately 2.2 years, expiring January 31, 2027. The lease commenced February 1, 2017, and has a 10-year term. The property boasts a strong net operating income (NOI) of $73,000, resulting in an attractive 8.34% capitalization rate. The asking price is $875,000. The property features one building, one story, and is categorized as a Traditional Office, Institutional Investment type. The APN is 1250-21-003-006-4-013-50. This presents a compelling opportunity for investors seeking a stable, high-yield investment in a well-located property. All information is believed to be accurate but should be independently verified.

Property Features for 1001 Petree Rd

General Information

Property type
Specialty properties
Square Feet
6,806 SF
Class
B

Building Details

Year Built/Renovated
1991/2019
Buildings
1
Stories
1
Units
1

HighLights

  • $875,000 asking price for a Class B, 6,806 square foot traditional office building.
  • Located at 1001 W Petree Rd, Anadarko, OK 73005, with a 41,382 square foot lot and 35 parking spaces.
  • 8.34% cap rate with a $73,000 NOI.
  • 100% occupancy with a single, credit‑rated tenant under a NNN lease.
  • 10‑year lease with approximately 2.2 years remaining, expiring January 31, 2027.
Property Profile Location Intelligence

Current Use by Public Records

USDA-Natural Resources Conservation ... Conservation Department

Suggested Use

Dental Office Auto Repair Shop Clothing Store Kitchen & Bath Storage Facility Discount Store Electrical Service Convenience Store Women's Store Smoke and Vape Shop

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

Location Insight

  • Map
  • Local Demand
City
Anadarko
County
Caddo
State
Oklahoma
Longitude
-98.258557509456
Latitude
35.057790209245

FAQs

What type of property is this?
Specialty property - High-return office building, 8.34% cap rate.
Where is this specialty property located?
The property is located at 1001 Petree Rd Anadarko, OK.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: $875,000 asking price for a Class B, 6,806 square foot traditional office building.; Located at 1001 W Petree Rd, Anadarko, OK 73005, with a 41,382 square foot lot and 35 parking spaces.; 8.34% cap rate with a $73,000 NOI.
More about this property
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