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    1201 Reno Ave Oklahoma City, OK 73106

    Sponsored
    For Sale
    $969,000

    High-traffic corner property, 5,500 SF

    Property size:
    5,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Oklahoma City retail property, located at 1201 W Reno Ave, presents a compelling investment opportunity. The 5,500 square foot building, constructed in 1962 and renovated in 2017, sits on a 0.34-acre lot and boasts a prominent corner location at the Downtown OKC Klein Exit from the OKC Boulevard – the first exit off I-40. The property features three suites, with two-thirds currently available for lease. A Letter of Intent is in progress for a wine and spirits tenant in the remaining space. The building is of masonry construction, with a 15-foot ceiling height and a depth of 55 feet. It includes 20 parking spaces and one curb cut. The I-2 zoning with DP overlay allows for diverse uses. The property benefits from its proximity to the Farmers Market, I-40 (3-minute drive), and Scissortail Park (3-minute drive). The Net Operating Income (NOI) is $34,530, with a current lease term of 0.9 years remaining (5.2 years total lease, commencing August 24, 2020, and expiring October 31, 2025). The asking price is $969,000. The 4,000 square feet of net rentable space offers significant potential for income generation. This owner-user investment opportunity is ideal for a savvy investor seeking a high-visibility location with strong potential for growth.

    Property Features for 1201 Reno Ave

    General Information

    Property type
    Day care centers
    Square Feet
    5,500 SF
    Lot Size
    14,810 SF

    Building Details

    Year Built/Renovated
    1962/2017
    Buildings
    1
    Stories
    1
    Units
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Bad Axe Throwing ... Event Venue Ivy League Cannabis Cannabis Store Hilltop Gardens Dispensary Cannabis Store

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Nail Salon Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5328885
    Latitude
    35.4644475

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    FAQs

    What type of property is this?
    Day care center - High-traffic corner property, 5,500 SF
    Where is this day care center located?
    The property is located at 1201 Reno Ave Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $969,000.
    Request Owner's contact information
    1201 Reno Ave Oklahoma City, OK 73106
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    Oklahoma City, OK 73106
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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
    1201 Reno Ave Oklahoma City, OK 73106
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