400 Macarthur Blvd Oklahoma City, OK 73127
- Warehouses
- 15,200 SF
- 4.26 lot acres
Current Use by Public Records
- Lowest Price Auto Sales / Car Dealer
- Lowest Price Auto Sales, LLC / Used Car Dealer
- Victory Soccer Training / Association / Organization
- AHLULBAYT CENTER (AS) / Mosque
- Ryder Truck Rental / Truck Rental Agency
Property Details for 400 Macarthur Blvd
- Year built
- 1967
- Construction
- STEEL FRAME
- Lot size
- 4.26 lot acres
- Property size
- 15,200 SF
- Property type
- Warehouses
- APN
- 14-807-1080
- APU
- 148071080
Description
This exceptional Oklahoma City industrial property, located at 400 N MacArthur Blvd, offers a compelling investment opportunity. The 20,000 square foot warehouse sits on a 4.27-acre lot boasting 321 feet of frontage on MacArthur Boulevard, a high-traffic area with 18,572 vehicles passing daily in 2022. The property comprises four buildings: a 10,000 square foot, two-level office space; a 4,000 square foot auto showroom; a 3,000 square foot building with two overhead doors; and the main warehouse. The warehouse features ten 18-foot overhead doors, 1950 amps of 480-volt three-phase service, a wash bay, and a graveled yard. The clear ceiling height is 18 feet. Currently, the property generates monthly income of $10,000 from multiple tenants: a soccer academy (occupying approximately 3,000 square feet, with a new lease starting August 2024), an asphalt company (leasing approximately half an acre), and an automotive repair shop (leasing approximately 1,000 square feet). Additionally, Best Wrecker Tow Service leases approximately one acre of the yard and office space. Existing tenants are interested in long-term leases, or the property could be purchased with all tenants vacating. This property presents a rare combination of income-generating potential and prime location in a high-traffic area. The asking price is $2,275,000, translating to $113.75 per square foot.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,400,000
- ML approach
- $1,340,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,005,000
- 6.5%
- $1,850,000
- 7%
- $1,720,000
-
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,550,000 Current use
- AUTO REPAIR, GARAGE
- $2,260,000 Change: +46% Conversion: Easy
- OFFICE BUILDING
- $1,950,000 Change: +26% Conversion: Difficult
- RETAIL STORES
- $1,875,000 Change: +21% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $1,725,000 Change: +11% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.6178
- Latitude
- 35.4702
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
