4229 Royal Ave Oklahoma City, OK 73108
- Retail space
- 18,473 SF
- 3.36 lot acres
Current Use by Public Records
- RML - Patient Service Center / Medical Laboratory / Laboratory
- Medi-Serv / Medical Supply Store
- Studio V by Scott Vo Photography / Photo Lab / Photographer
- Miracle Method Surface Refinishing / Safety Equipment Supplier / Bathroom Remodeler
- Don-Co Plumbing / Plumber
Property Details for 4229 Royal Ave
- Year built
- 1980
- Construction
- WOOD FRAME
- Lot size
- 3.36 lot acres
- Property size
- 18,473 SF
- Property type
- Retail space
- APN
- 14-874-1100
- APU
- 148741100
Description
This single-story, 4,882 square foot office building in Oklahoma City's Southwest submarket offers flexible space ideal for various businesses. Located at 4229 Royal Ave, this property boasts a convenient location, approximately half a mile south of I-40 and east of S Meridian Ave. The building features ample parking with 32 spaces available for tenants and employees. The entire 4,882 square feet is currently vacant and available for lease as a whole, offering a unique opportunity for a single tenant to occupy the entire space. Alternatively, the space is divisible, with a minimum leasable area of 1,206 square feet, allowing for multiple tenants. The flexible open floor plan provides adaptability to suit diverse business needs and layouts. The property consists of two suites within a single building, providing potential for expansion or separation of operations. The address is 4229 Royal Ave, Oklahoma City, OK 73108. This property presents a compelling opportunity for businesses seeking a well-located, adaptable office space in a thriving area of Oklahoma City.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,445,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,570,000
- 6.5%
- $2,320,000
- 7%
- $2,515,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,400,000
- Geo Method
- $2,790,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,330,000
- Retail
- $2,850,000
- Mixed-Use
- $2,420,000
- Hospitality
- $2,235,000
- Educational
- $2,475,000
- Residential Income
- $2,355,000
- Energy
- $2,720,000
- Income-Based Land
- $2,365,000
- Food Service
- $2,645,000
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.5945
- Latitude
- 35.4541
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
