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Property profile & analytics
FOR LEASE
Office buildings

116 E Randolph Ave Enid, OK 73701

31,736 SF 0.34 ac lot Built 1930
Entity Owned 3-yr Hold Free & Clear
Property ID
US69-0881551
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1930
Total area 31,736 SF
Lot 0.34 ac (14,985 SF)
APN 2880-00-028-020-0-361-00
UPID US69-0881551
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
Current use
Occupant on record · Public records
  • Erin Cook Realtor® McGraw Realtors, The Shine Team Real Estate Agency
  • Christina Robinson REALTOR® Real Estate Agency
  • Scott Coffey Real Estate Agency
  • TRT Therapy Clinic Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$510k
Owner & transaction history
116 E Randolph LLC · 3 yrs held
116 E Randolph LLC
since 2022
Last sale
$400,000
3 recorded transactions
2022
$400,000
2017
Price N/A
2017
$325,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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