10950 Ok-33 Langston, OK 73050
- Self storage facilities
- 17,280 SF
- 3.00 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for 10950 Ok-33
- Year built
- 2022
- Lot size
- 3.00 lot acres
- Property size
- 17,280 SF
- Property type
- Self storage facilities
Description
This exceptional 48-unit self-storage facility presents a compelling value-add investment opportunity in Langston, Oklahoma. Boasting 17,280 square feet of net rentable space across two single-story buildings, this Class A property, built in 2022/2023, offers significant upside potential. Each of the 48 units measures 12' x 30' x 14', providing ample storage capacity. Currently operating at 2% occupancy, the property's pro-forma NOI is $74,192, representing a substantial increase from the current NOI of $1,800 and a pro-forma cap rate of 14.84%. The asking price is $500,000, or $10,416.67 per unit, and $28.94 per square foot. Situated on a 3-acre lot with commercial zoning, the property benefits from a prime location just 12 minutes from Guthrie, 25 minutes from Oklahoma City, and 5 minutes from Langston University. The facility includes a security system and gated access. This turnkey asset offers investors a chance to capitalize on a growing market with room for expansion, potentially converting units into smaller spaces or flex space. The property is owner-operated and is not subject to a ground lease.
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
- Langston
- County
- Logan
- State
- Oklahoma
- Longitude
- -97.2857
- Latitude
- 35.9486
