116 Randolph Ave Enid, OK 73701
- Office buildings
- 31,736 SF
- 0.34 lot acres
Current Use by Public Records
- Erin Cook Realtor® McGraw Realtors, The Shine Team / Real Estate Agency
- Christina Robinson REALTOR® / Real Estate Agents
- Scott Coffey / Real Estate Agent
- TRT Therapy Clinic / Corporate Office
Property Details for 116 Randolph Ave
- Year built
- 1930
- Lot size
- 0.34 lot acres
- Property size
- 31,736 SF
- Property type
- Office buildings
- APN
- 2880-00-028-020-0-361-00
- APU
- 288000028020036100
Description
The Sears Building, a landmark 1927 structure in downtown Enid, Oklahoma, offers a unique opportunity for businesses seeking versatile commercial space. This 50,000 square foot building features a mix of executive office, medical office, and flex space, with multiple tenancy options available. Currently, 15,000 square feet is vacant, divisible into units as small as 1,200 square feet, up to 5,000 square feet. The property boasts 80 parking spaces and is conveniently located near Randolph and Grand streets. The building's commercial zoning allows for a variety of uses. The property sits on two acres of land, offering ample space and visibility. Power is available in both single and three-phase options. This building is undergoing a renovation that includes the addition of 19 luxury apartments, creating a vibrant mixed-use environment. Retail spaces are available for build-to-suit options, allowing businesses to customize their space to meet their specific needs. The building offers secure entry and common resident areas. Retail spaces and apartments will be available October 24th. This is an exceptional opportunity to be part of Enid's downtown revitalization.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $510,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $410,000
- 6.5%
- $345,000
- 7%
- $385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $315,000
- Retail
- $400,000
- Mixed-Use
- $385,000
- Hospitality
- $335,000
- Educational
- $390,000
- Residential Income
- $300,000
- Energy
- $360,000
- Income-Based Land
- $405,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Enid
- County
- Garfield
- State
- Oklahoma
- Longitude
- -97.8777
- Latitude
- 36.3982
- CBSA code
- 21420
- CBSA name
- ENID, OK MICROPOLITAN STATISTICAL AREA
