Property profile

2203 I 240th Service Rd Oklahoma City, OK 73159

OFF-MARKET
Parking lots & garages
Property ID
US69-2363136
7,738 SF 0.9 ac lot Built 1985
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is commercial land positioned within a retail and restaurant-oriented area that includes national tenants such as Hobby Lobby, DD’s Discounts, and Outback Steakhouse, along with other major brands in the surrounding vicinity including Marshalls, Burlington, Best Buy, Ross, and Old Navy. It has access from I-240 and S. Pennsylvania Ave and is configured to support signage along those approaches. The area is characterized by relatively high daytime population and household density.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,738 SF
Lot 0.9 ac (39,073 SF)
APN 11-350-1275
UPID US69-2363136

Cap rate & NOI

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

Location

2203 I 240th Service Rd Oklahoma City, OK 73159-8248
Oklahoma City metro Census 107214 OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
$759k
Blend (final) Blend
$590k

Owner & transaction history

since 2023
Last sale
$550,000
5 recorded transactions
2023
$550,000
2009
$1.2M
2006
Price N/A
2006
$1.0M
2004
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $835,000 +10.9%

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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