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    6520 Reno Ave Midwest City, OK 73110

    For Sale
    $650,000

    Prime 6,589 SF Office, 100% Occupied, High Cap Rate.

    Property size:
    6,589 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a fully occupied, single-story office building situated on a 0.86-acre lot in Midwest City, Oklahoma. The property, located at 6520 E Reno Ave, 73110, boasts 6,589 square feet of traditional office space, currently operating at 100% occupancy, generating a strong 8.33% capitalization rate. The asking price is $650,000, translating to a price per square foot of $98.65. Recent improvements include updated LED 2x4 lighting panels, foam insulation for enhanced energy efficiency, and new drop ceilings throughout the building. The property also features a newly paved parking lot, providing ample space for tenants and visitors. The building is zoned C-1, offering flexibility for a variety of commercial uses. This is a rare opportunity to acquire a well-maintained, high-performing office building in a desirable location with a proven track record of success. The property's strong occupancy rate and impressive cap rate make it an ideal addition to any investment portfolio. Contact us today to schedule a showing.

    Property Features for 6520 Reno Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,589 SF
    Lot Size
    37,462 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • $650,000 asking price.
    • 6,589 square foot office building.
    • 8.33% cap rate with 100% occupancy.
    • Located on a 0.86‑acre lot at 6520 E Reno Ave, Midwest City, OK 73110.
    • Features include updated LED lighting, foam insulation, new drop ceilings, and a newly paved parking lot.
    • Zoned C‑1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage 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
    Midwest City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4122447
    Latitude
    35.4636455

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    FAQs

    What type of property is this?
    Office Property / Space - Prime 6,589 SF Office, 100% Occupied, High Cap Rate.
    Where is this office property / space located?
    The property is located at 6520 Reno Ave Midwest City, OK.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: $650,000 asking price.; 6,589 square foot office building.; 8.33% cap rate with 100% occupancy.
    (405) 840-0600
    Request Owner's contact information
    6520 Reno Ave Midwest City, OK 73110
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    Midwest City, OK 73110
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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
    6520 Reno Ave Midwest City, OK 73110
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