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Property profile & analytics
FOR SALE
Parking lots & garages

7809 N May Ave Oklahoma City, OK 73116

0.29 ac lot Built 1990
Entity Owned 12-yr Hold Free & Clear
Property ID
US69-0621332
7809 N May Ave, Oklahoma City, OK 73116 For Sale
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7809 N May Ave, Oklahoma City, OK 73116
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Property summary
AI-generated overview

This exceptional 25,200 square foot land parcel, located at 7809 N. May Ave in Oklahoma City, Oklahoma, presents a unique investment opportunity. Zoned for garage/parking, this property boasts a significant 180-foot frontage, offering excellent visibility and accessibility. Situated in a thriving commercial area of North Oklahoma City and Nichols Hills, the location benefits from high traffic volume and proximity to established businesses. Nearby retailers include recognizable names such as Firestone, Pizza Hut, Pizza Inn, Sonic, NBC Bank, and Starbucks, ensuring consistent foot traffic and potential for strong returns. The property is currently available for lease at $5,500.00 per month, on a Net, Net, Net (NNN) basis. This means the tenant is responsible for property taxes, insurance, and maintenance, minimizing the owner's operational expenses. Further enhancing its appeal, additional land is available for purchase, providing potential for expansion or future development. This is an ideal investment for those seeking a stable income stream in a high-demand area with significant upside potential. The property is located in Oklahoma County, Oklahoma, with a zip code of 73116. The coordinates are 35.550537 latitude and -97.56603 longitude.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1990
Lot 0.29 ac (12,502 SF)
APN 13-364-0990
UPID US69-0621332
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Foster Family LP · 12 yrs held
Foster Family LP
since 2014
1 recorded transaction
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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