6825 Southeast 29Th St Midwest City, OK 73110
Property Lookup
Property profile & analytics
6825 Southeast 29Th St Midwest City, OK 73110
- Turn key restaurants
- 2,730 SF
- 0.30 lot acres
Property ID
US69-2361540
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
- Turn key restaurants
Property Details for 6825 Southeast 29Th St
- Year built
- 1987
- Construction
- BRICK
- Lot size
- 0.30 lot acres
- Property size
- 2,730 SF
- Property type
- Turn key restaurants
- APN
- 15-025-1500
- APU
- 150251500
Description
This exceptional investment opportunity presents the fee simple ownership of a 2,730 square foot restaurant in Midwest City, Oklahoma, within the Oklahoma City MSA. The property, built in 1987 and extensively renovated in 2022, boasts a prime location on SE 29th Street, a high-traffic thoroughfare averaging 25,800 vehicles daily, with convenient access to Interstate 40 (67,900 VPD). The absolute NNN lease, with zero landlord responsibilities, offers a passive investment opportunity with approximately 3 years remaining on a 10-year term (commencing November 17, 2017, expiring November 16, 2027). The current tenant, under sublease, pays a monthly rent of $8,596.33, generating a substantial NOI of $108,564 and a 6.50% cap rate. The property sits on a 0.3-acre lot with 18 parking spaces and benefits from excellent visibility due to significant street frontage and a large pylon sign. Its location within a dense retail corridor, alongside national tenants like Target, Lowe's, and Walmart, ensures strong tenant synergy and high consumer traffic. Further enhancing its appeal is its proximity to Tinker Air Force Base (26,000+ employees) and Rose State College (8,150+ students), contributing to a robust consumer base of over 120,000 residents and 48,550 employees within a 5-mile radius. The property is zoned C-3 - General Commercial Zone and features a drive-thru. The asking price is $1,670,000, translating to $611.72 per square foot. This is a truly turnkey investment opportunity with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,585,000
- ML approach
- $1,630,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,276,000
Market price range: $334k - $1.28M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Midwest City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.4087
- Latitude
- 35.4356
- 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
$20,718
$17,186
$158,819
$176,005
-
$156,240
$1,443,813
$1,600,053
