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    Of Oklahoma City, OK 73102

    Sponsored
    For Sale
    Contact for pricing

    1.37 Acres, Prime Location, High-Rise Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.37-acre commercial land parcel presents a unique investment opportunity in Oklahoma City's vibrant West Park district. Situated directly west of the 70-acre MAPS 3 Central Park (completion expected 2018), this property is the only assembled block in this prime location. Its strategic positioning offers unparalleled potential for high-rise development, encompassing multi-family residential, hospitality, office, and retail uses. The site benefits from its proximity to the streetcar system (completion expected 2018), ensuring excellent accessibility and connectivity. Furthermore, its location across from a new convention center development further enhances its desirability and future value. The property is ideally suited for large-scale projects seeking to capitalize on the area's rapid growth and revitalization. Tax Increment Financing (TIF) is available within the West Park District, providing additional incentives for development. The land is priced at $80 per square foot, reflecting its exceptional location and development potential. This is a rare opportunity to acquire a significant land holding in a rapidly transforming area of Oklahoma City, offering substantial long-term returns. The address is NE/c of SW 7th & Walker, Oklahoma City, OK 73102.

    Property Features for 0 Of

    General Information

    Property type
    Land
    Lot Size
    59,677 SF

    HighLights

    • West of MAPs 3 Central Park.
    • Largest contiguous assemblage west of Central Park.
    • Convenient streetcar access.
    • Opposite a new convention center.
    • West Park District Tax Increment Financing (TIF) available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5212612
    Latitude
    35.4751674

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    FAQs

    What type of property is this?
    Land - 1.37 Acres, Prime Location, High-Rise Potential
    Where is this land located?
    The property is located at Of Oklahoma City, OK.
    What are key features of this property?
    This property features: West of MAPs 3 Central Park.; Largest contiguous assemblage west of Central Park.; Convenient streetcar access.
    Request Owner's contact information
    Of Oklahoma City, OK 73102
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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
    Of Oklahoma City, OK 73102
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