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    608 Eubanks St Oklahoma City, OK 73105

    Sponsored
    For Sale
    $450,000

    Oklahoma City NNN Investment, 7.27% Cap Rate

    Property size:
    1,710 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,710 square foot executive office building, located at 608 E Eubanks Street in Oklahoma City, Oklahoma, presents a compelling net lease investment opportunity. The property, built in 1935 and extensively renovated in 2020, boasts a single-tenant occupancy and a strong 7.27% cap rate, promising significant returns for investors. The asking price is $450,000, translating to $263.16 per square foot. The property is classified as Class B and features a single-story building on a single lot (APN 038755880). The current lease is a triple-net (NNN) lease with a single tenant and an expiration date of December 2028. Situated in Oklahoma City, near the intersection of 36th and Lincoln Avenue, this property benefits from a strategic location within a thriving commercial market. This is a turnkey investment opportunity with a proven track record and significant upside potential. The property's excellent condition, combined with its attractive financial metrics, makes it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a desirable Oklahoma City location. Don't miss out on this chance to secure a strong, stable investment with a high cap rate.

    Property Features for 608 Eubanks St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,710 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1935/2020
    Buildings
    1
    Stories
    1

    HighLights

    • 1,710 SF executive office building in Oklahoma City, OK, offering a net lease investment opportunity.
    • $450,000 asking price, $263.16/SF, 7.27% cap rate.
    • Class B, single‑story building on a single lot (APN 038755880), built in 1935, renovated in 2020.
    • Single‑tenant, NNN lease expiring December 2028.
    • Excellent location near 36th and Lincoln Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.502784840559
    Latitude
    35.506861291469

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    FAQs

    What type of property is this?
    Office Property / Space - Oklahoma City NNN Investment, 7.27% Cap Rate
    Where is this office property / space located?
    The property is located at 608 Eubanks St Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 1,710 SF executive office building in Oklahoma City, OK, offering a net lease investment opportunity.; $450,000 asking price, $263.16/SF, 7.27% cap rate.; Class B, single-story building on a single lot (APN 038755880), built in 1935, renovated in 2020.
    (405) 850-0987
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    608 Eubanks St Oklahoma City, OK 73105
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    Oklahoma City, OK 73105
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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
    608 Eubanks St Oklahoma City, OK 73105
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