304 Sooner Rd Midwest City, OK 73110-2045
- Warehouses
- 15,950 SF
- 0.83 lot acres
Current Use by Public Records
- Warehouses
Property Details for 304 Sooner Rd
- Year built
- 1960
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.83 lot acres
- Property size
- 15,950 SF
- Property type
- Warehouses
- APN
- 15-059-1600
- APU
- 150591600
Description
This exceptional 20,000+ square foot warehouse, situated on a 0.83-acre lot in Midwest City, Oklahoma, presents a compelling investment opportunity. Previously utilized as an automotive sales warehouse, the property boasts a prime location at the intersection of Reno and Sooner Road, offering excellent visibility and accessibility. The building features a convenient reception area, two private offices, and one restroom, providing functional workspace. Five exterior grade-level overhead doors of varying sizes ensure efficient loading and unloading, complemented by an average clear height of 12 feet. A fenced storage lot at the rear of the building provides ample additional space. The property is zoned I-1 Light Industrial, allowing for a wide array of uses, including light manufacturing, retail, and office/warehouse flex operations. The presence of 220-volt outlets further enhances its versatility, potentially accommodating welding applications. The property's layout, as shown in the provided image, showcases its efficient design and ample space. Offered at $825,000, this property represents a significant opportunity for investors seeking a versatile and strategically located warehouse in a thriving Oklahoma City suburb. The zip code is 73110.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $745,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $750,000
- 6.5%
- $825,000
- 7%
- $740,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $790,000
- Geo Method
- $720,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $820,000
- Retail
- $775,000
- Mixed-Use
- $685,000
- Hospitality
- $695,000
- Educational
- $750,000
- Residential Income
- $690,000
- Energy
- $875,000
- Income-Based Land
- $830,000
- Food Service
- $825,000
Location Insight
- Map
- Local Demand
- City
- Midwest City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.4234
- Latitude
- 35.4625
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA