221 I-35 Frontage Rd Moore, OK 73160
- Office Properties & Spaces
- 13,407 SF
- 1.60 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 221 I-35 Frontage Rd
- Year built
- 1985
- Lot size
- 1.60 lot acres
- Property size
- 13,407 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a fully occupied, multi-tenant office building located at 221 I-35 Frontage Rd, Moore, OK 73160. The 13,407 square foot Class B building, constructed in 1985 and renovated in 2016, boasts a strong 9.02% capitalization rate and a Net Operating Income (NOI) of $125,293. The asking price is $1,389,000, translating to $103.62 per square foot. Currently operating at 100% occupancy with a diverse tenant mix, this property ensures a stable and consistent income stream. Situated on a 1.6-acre lot, the property offers ample parking for tenants and visitors. An additional 0.47-acre fenced lot to the south provides further parking or potential development options. The building's prime location on I-35 Frontage Road ensures high visibility and accessibility. This modified lease structure offers a compelling investment opportunity for those seeking a stable, high-return asset in a thriving Oklahoma market. The property's strong tenant base and excellent location make it an ideal addition to any commercial real estate portfolio. This is a rare opportunity to acquire a well-maintained, high-performing office building with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Moore
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.493
- Latitude
- 35.3401
