227 Philadelphia Ave Shawnee, OK 74801
- Warehouses
- 2,700 SF
- 0.72 lot acres
Current Use by Public Records
- Warehouses
Property Details for 227 Philadelphia Ave
- Year built
- 1940
- Lot size
- 0.72 lot acres
- Property size
- 2,700 SF
- Property type
- Warehouses
- APN
- 2430-00-004-018-0-000-00
- APU
- 243000004018000000
Description
This exceptional 13,387 square foot flex/warehouse property at 227 S. Philadelphia Ave, Shawnee, OK 74801, presents a compelling owner-user or investment opportunity. Boasting a desirable triple-net lease structure with a tenant in place until September 29, 2026, this property offers a strong pro-forma cap rate of 11.65% and a pro-forma NOI of $75,720. The asking price is $650,000, translating to $48.55 per square foot. Built in 1940, the building sits on a 0.72-acre lot (APN 630023764) and is zoned for industrial use. Key features include a new roof, a large fenced yard, and 1200 amp three-phase power. The property is currently 100% occupied, providing immediate cash flow and a secure investment. This is a single-tenant property with a lease commencement date of June 30, 2023. The property is classified as industrial and self-storage, offering versatility and potential for various uses. This is a rare opportunity to acquire a well-located, high-performing industrial property in Shawnee, Oklahoma.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $395,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $380,000
- Geo Method
- $350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $410,000
- Retail
- $320,000
- Mixed-Use
- $370,000
- Hospitality
- $300,000
- Educational
- $355,000
- Residential Income
- $370,000
- Energy
- $305,000
- Income-Based Land
- $315,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Shawnee
- County
- Pottawatomie
- State
- Oklahoma
- Longitude
- -96.9193
- Latitude
- 35.3245
- CBSA code
- 43060
- CBSA name
- SHAWNEE, OK MICROPOLITAN STATISTICAL AREA