Technical
Financial
Distress signals
Property profile

5008 29th St Del City, OK 73115

OFF-MARKET
Turn key restaurants
Property ID
US69-2192710
3,680 SF 0.89 ac lot Built 1976
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 3,680 square foot freestanding quick-service restaurant (QSR) building situated on a 0.89-acre lot in Oklahoma City, Oklahoma County. The property is located at 5008 SE 29th St, zip code 73115, and benefits from a highly desirable location along a heavily trafficked east-west corridor. Currently occupied by a single tenant under a lease expiring August 31, 2024, this property offers a unique chance to acquire a well-positioned asset significantly below replacement cost. The property's strategic proximity to Tinker Air Force Base, the largest single-site employer in Oklahoma, with 29,605 military personnel, civilians, and dependents, ensures a robust and consistent customer base. Tinker Air Force Base contributes a substantial $5.38 billion annually to the local economy. Furthermore, the property enjoys convenient access to downtown Oklahoma City, the 20th largest city in the United States, located just 7 miles and a 13-minute drive away. The building is equipped with a drive-thru, a key feature for maximizing efficiency and customer convenience in the QSR sector. This property is an ideal investment for those seeking a strong return in a stable and high-growth market. Please note that the current tenant is operating and should not be disturbed.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1976
Construction WOOD FRAME
Total area 3,680 SF
Lot 0.89 ac (38,551 SF)
APN 21-423-1030
UPID US69-2192710

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

5008 29th St Del City, OK 73115-4710
Del City metro Census 107808 OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2017
1 recorded transaction
2017
$875,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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