1319 Sandy Crk Dr Ada, OK 74820-9300
This exceptional mixed-use property in Ada, Oklahoma presents a lucrative investment opportunity. The 7,525 square foot facility is comprised of two buildings, offering significant versatility. Building 1, approximately 4,700 square feet, is a heavily insulated indoor grow space featuring a robust 800-amp, 480v, three-phase electrical service, 60 tons of air conditioning, and 170 lights. This building includes a two-tier grow system in one room, with the potential for a second two-tier system in another. Additional amenities include a dedicated vegetation room, drying room, office space, storage area, and a full bathroom. Building 2 encompasses approximately 2,800 square feet, divided into seven independent 20x20 foot rooms. Each room is fully insulated, individually metered with a 200-amp service, and equipped with 6 tons of air conditioning, designed for 112 lights. Four of these rooms are currently leased at $300 per month, providing immediate rental income. The tenants have the option to remain, or the spaces can be utilized by the new owner. The property sits on a 0.77-acre lot, with an adjacent lot available for separate negotiation. The property utilizes City of Ada water and has a recently updated Certificate of Occupancy. Note that an OBN license is not required, and the OMMA license is currently in the renewal process. This property offers a unique blend of established income and significant expansion potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.