Property profile

1900 36th St Oklahoma City, OK 73111

OFF-MARKET
Assisted living facilities
Property ID
US69-2363144
24,521 SF 7.17 ac lot Built 1957
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Oklahoma City office building, situated on a 7.17-acre lot at 1900 NE 36th Street, presents a compelling investment opportunity. The 24,521 square foot Class B building, constructed primarily of steel and concrete in 1957, boasts significant renovations in 2010 and 2017. Approximately 70% of the space, including hallways and common areas, is move-in ready, featuring multiple offices, conference rooms, and reception areas. A portion of the building is available as white-box space, allowing for customization to suit a new owner's needs. The property includes a 1,728 square foot ancillary building with two drive-through doors, ideal for storage or additional workspace. Security features include a 6-foot chain-link fence, keypad-gated entrance, and a secured back entrance. The building is divided into four sections, each with its own security access. Ample parking is provided with 31 spaces. The property's strategic location near the Oklahoma State Capitol, other government agencies, major highways, golf courses, Remington Park, and restaurants enhances its appeal. The zoning is C-3, and the building is currently 50% occupied under a gross lease. The asking price is $1,980,000, representing $80.75 per square foot of net rentable area (16,251 sq ft). The property's location on the corner of MLK Blvd and NE 36th Street offers excellent visibility and accessibility. This property is an ideal location for businesses working with the State of Oklahoma.

Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1957
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 24,521 SF
Lot 7.17 ac (312,325 SF)
APN 07-057-2000
UPID US69-2363144

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Construction Company
  • Counselor Social Worker
  • Social Service Agency Charitable Organization
  • Construction Company
  • Construction Company General Contractor

Location

1900 36th St Oklahoma City, OK 73111-5216
Oklahoma City metro Census 100400 OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$445k

Owner & transaction history

since 2007
7 recorded transactions
2011
Price N/A
2007
$295,000
2001
$1.0M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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