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    OFF-MARKET
    Assisted living facilities

    1900 36th St, Oklahoma City, OK 73111-5216

    24,521 SF 7.17 ac lot Built 1957
    Entity Owned 19-yr Hold ~ Est. High Equity
    Property ID
    US69-2363144
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Federal Mechanical General Contractor Construction Company
    • Donna Elam Social Worker Counselor
    • Promises Inc Social Service Agency Charitable Organization
    • Jim Cooley Construction LLC Construction Company
    • Bromley Hall Fine Homes Construction Company General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Northeast 36th Investors LLC · 19 yrs held
    Northeast 36th Investors LLC
    since 2007
    7 recorded transactions
    2011
    2007
    $295,000
    2001
    $1.0M
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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