1001 Petree Rd, Anadarko, OK 73005
- Office buildings
- 6,806 SF
- 0.95 lot acres
Current Use by Public Records
- USDA-Natural Resources Conservation Services / Sustainability Organization
Property Details for 1001 Petree Rd
- Year built
- 1991
- Lot size
- 0.95 lot acres
- Property type
- Office buildings
- APN
- 1250-21-003-006-4-013-50
- APU
- 125021003006401350
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 25, 2023 | $500,000 | Dwayne Chisum Tyler | Oscar K Staudt JR | Warranty Deed | $500k · Usda |
| Jun 8, 2023 | $307,500 | Nathan Dean Harp | Wayne A Venable JR | Warranty Deed | $145k · Farm Credit Of Western Oklahoma Pca |
| Sep 9, 2021 | — | Dee Majors Lex | Lex Majors | Deed · related | $315k · Usda |
Description
This exceptional investment opportunity presents a single-tenant, 6,806 square foot Class B office building located at 1001 W Petree Rd, Anadarko, OK 73005. The property, built in 1991 and renovated in 2019, sits on a 41,382 square foot lot and includes 35 parking spaces. Currently 100% occupied under a NNN lease with a credit-rated tenant, the lease has a remaining term of approximately 2.2 years, expiring January 31, 2027. The lease commenced February 1, 2017, and has a 10-year term. The property boasts a strong net operating income (NOI) of $73,000, resulting in an attractive 8.34% capitalization rate. The asking price is $875,000. The property features one building, one story, and is categorized as a Traditional Office, Institutional Investment type. The APN is 1250-21-003-006-4-013-50. This presents a compelling opportunity for investors seeking a stable, high-yield investment in a well-located property. All information is believed to be accurate but should be independently verified.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $750,000
- ML approach
- $665,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $695,000
Market price range: $248k - $695k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Anadarko
- County
- Caddo
- State
- Oklahoma
- Longitude
- -98.2586
- Latitude
- 35.0582
