2916 Southwest 59Th St Oklahoma City, OK 73119
Property profile & analytics
2916 Southwest 59Th St, Oklahoma City, OK 73119
- Turn key restaurants
- 3,266 SF
- 0.57 lot acres
Property ID
US69-0396204
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Las Palmas / Restaurant
- SouthWest 59th Avenue / Freight Service / Logistics Company
Property Details for 2916 Southwest 59Th St
- Year built
- 1969
- Construction
- BRICK
- Lot size
- 0.57 lot acres
- Property type
- Turn key restaurants
- APN
- 14-083-1205
- APU
- 140831205
Description
This fee-simple restaurant property at 2916 SW 59th St, Oklahoma City, OK 73119, offers a compelling investment opportunity. The 3,266 square foot building is currently leased to Las Palmas LLC under an Absolute NNN lease with a remaining term of five years, expiring March 7, 2029. The lease includes a 3.5% annual rent bump. The property boasts a strong 7.20% cap rate and a Net Operating Income (NOI) of $72,000, resulting in a price per square foot of $306.18. Its prime location on SW 59th Street, adjacent to a hard corner with high traffic volume (over 35,000 vehicles per day), offers excellent visibility and accessibility. The property benefits from its proximity to major roadways, including I-44 (120,000 vehicles per day), and is situated near numerous national retailers such as Casey's, Subway, AutoZone, Planet Fitness, and Family Dollar. Furthermore, its location is less than 10 minutes from Will Rogers International Airport, an Amazon warehouse, and Oklahoma City Community College (19,688 students), ensuring a robust and growing customer base. Across the street is a newly constructed $6,600,000 Almonte Library. This property presents a rare opportunity to acquire a well-located, high-performing restaurant investment in a thriving Oklahoma City market.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.5665
- Latitude
- 35.4058
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,374
$18,058
$44,262
$62,320
-
$164,381
$402,920
$567,301
