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Property profile & analytics
FOR LEASE
Commercial real estate

1113 S Douglas Blvd Midwest City, OK 73130

7,968 SF 2.5 ac lot Built 1978
Entity Owned 23-yr Hold ~ Est. High Equity
Property ID
US69-0609793
1113 S Douglas Blvd, Midwest City, OK 73130 For Lease
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1113 S Douglas Blvd, Midwest City, OK 73130
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Property summary
AI-generated overview

This exceptional multi-tenant office building, located just off S Douglas in a prominent Midwest city, presents a compelling investment and leasing opportunity. The property encompasses a total of 7,968 square feet and is ideally suited for a variety of professional uses, including traditional office and medical office spaces. Currently, two available suites offer flexible configurations ranging from 1,500 to 1,800 square feet, catering to diverse business needs and expansion plans. The building boasts modern amenities designed to enhance productivity and comfort. Ample parking is provided for tenants and visitors, ensuring convenient access. Its strategic location offers excellent visibility and easy access to major thoroughfares, maximizing exposure and accessibility for businesses operating within the building. Situated in Oklahoma County, this property represents a strong investment prospect with significant potential for growth and return, making it an attractive option for both investors and businesses seeking a prestigious and functional workspace. The building's multi-tenant structure provides a diverse tenant base, contributing to stability and long-term value. This is a rare opportunity to acquire a well-maintained and strategically positioned property in a thriving area.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1978
Construction STEEL FRAME
Total area 7,968 SF
Lot 2.5 ac (108,900 SF)
APN 15-018-4500
UPID US69-0609793
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.69M
Comparable Approach Comparable
$1.77M
Blend (final) Blend
$1.65M
Owner & transaction history
Douglas Development Corp · 23 yrs held
Douglas Development Corp
since 2003
3 recorded transactions
2019
Price N/A
2003
$1.3M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.3M +101.8%
Medical building $1.2M +10.4%
Auto repair, garage $1.2M +5.1%
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