310 Highland Ave Midwest City, OK 73110-2130
Property profile & analytics
310 Highland Ave Midwest City, OK 73110-2130
- Medical Office Space
- 7,920 SF
- 1.18 lot acres
Property ID
US69-0530356
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
- Medical Office Space
Property Details for 310 Highland Ave
- Year built
- 1999
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.18 lot acres
- Property size
- 7,920 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 15-060-1800
- APU
- 150601800
Description
This exceptional investment opportunity presents a fee-simple interest in an 8,000-square-foot medical office building situated on a 1.18-acre lot in Midwest City, Oklahoma. The property, constructed in 1999 to the tenant's specifications, is a single-tenant net lease with Fresenius Kidney Care, a leading operator in the healthcare industry. The current lease, boasting a 27-year operating history, includes a recent two-year extension, expiring August 31, 2026, leaving approximately 1.8 years remaining. The lease features a 2% annual rent increase, providing built-in rent growth. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $128,000, resulting in a compelling 10.19% cap rate. The asking price is $1,256,000, translating to $157 per square foot. The building is a one-story structure with 62 parking spaces. The property benefits from its location on South Highland Avenue, a high-traffic area, and its proximity to SSM Health St. Anthony's Hospital - Midwest. The surrounding area boasts strong demographics, with nearly 122,000 people within a five-mile radius and an average household income exceeding $69,000 within a one-mile radius. The lease includes options for two, five-year extensions. This is a recession-resistant asset with minimal landlord responsibilities, offering a secure and profitable investment in a growing industry. The property is located at 310 S Highland Ave, Midwest City, OK 73110.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Midwest City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.4077
- Latitude
- 35.4629
- 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
$21,408
$16,962
$164,912
$181,874
-
$154,200
$1,499,206
$1,653,406
