8500 Us-77 Noble, OK 73068
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Self storage facilities
Property Details for 8500 Us-77
- Year built
- 2011
- Lot size
- 2.26 lot acres
- Property size
- 29,680 SF
- Property type
- Self storage facilities
Description
This exceptional 29,680 square foot self-storage facility in Noble, Oklahoma, presents a compelling value-add investment opportunity. Built in 2011, the single-story, 190-unit property sits on a 2.26-acre lot and currently boasts an 85% occupancy rate, generating a strong NOI of $173,366. Pro-forma projections indicate a significant increase in NOI to $236,231, resulting in a compelling pro-forma cap rate of 10.99%. The property benefits from a prime location just 15 minutes south of the University of Oklahoma, experiencing high traffic volume with over 17,500 vehicles passing daily. The area demonstrates a robust market with a median household income exceeding $75,000 and a population density of over 130,000 within a 10-mile radius. The current asking price is $2,150,000, translating to $11,315.79 per unit. With limited competition and a strong upward market trend, this property offers significant potential for growth and return on investment. The property operates under a gross lease and is not subject to a ground lease. The APN is SD40SOINP. The property's location is 8500 US-77, Noble, OK 73068. This is a multi-tenant property with a current occupancy date of September 16, 2024.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Noble
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.3789
- Latitude
- 35.1148
