325 Washington Ave Sand Springs, OK 74063-7918
- Office buildings
- 1,800 SF
- 0.13 lot acres
Current Use by Public Records
- Office buildings
Property Details for 325 Washington Ave
- Year built
- 1975
- Construction
- WOOD FRAME
- Lot size
- 0.13 lot acres
- Property size
- 1,800 SF
- Zone code
- OM
- Property type
- Office buildings
- APN
- 61475-91-11-04190
- APU
- 61475911104190
Description
This 1,800-square-foot, single-story office building in downtown Sand Springs, Oklahoma, is situated on a 5,500-square-foot corner lot and offers a unique investment or owner-occupancy opportunity. Built in 1975 and featuring a new roof (2023) and HVAC system replacement within the last five years, the property includes eight parking spaces and is conveniently zoned OM. The interior boasts a reception area, waiting room, two offices, six private stations plumbed for sinks, a separate kitchen, and two handicap-accessible bathrooms. A handicap-accessible ramp provides easy entry. The building's efficient design, originally planned by a leading consultant, includes an air compressor and plumbing suitable for a medical office setup (medical, dental, chiropractic, or salon). This freestanding building offers excellent visibility and is ideal for a startup or expanding business. The asking price is $159,000, with a price per square foot of $88.33. The lease type is NNN, and the property is currently vacant.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $130,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $150,000
- 6.5%
- $150,000
- 7%
- $160,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $165,000
- Geo Method
- $135,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $175,000
- Retail
- $150,000
- Mixed-Use
- $135,000
- Hospitality
- $150,000
- Educational
- $160,000
- Residential Income
- $155,000
- Energy
- $135,000
- Income-Based Land
- $165,000
- Food Service
- $135,000
Location Insight
- Map
- Local Demand
- City
- Sand Springs
- County
- Tulsa
- State
- Oklahoma
- Longitude
- -96.106
- Latitude
- 36.1407
- CBSA code
- 46140
- CBSA name
- TULSA, OK METROPOLITAN STATISTICAL AREA