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Property profile & analytics
OFF-MARKET Estimated value $740,000
Commercial real estate

8901 Commerce Park Dr Oklahoma City, OK 73132-3436

5,505 SF 1.27 ac lot Built 2002
Entity Owned 21-yr Hold ~ Est. High Equity
Property ID
US69-0017821
Property summary
AI-generated overview

This exceptional 5,505-square-foot single-tenant office building, constructed in 2002, presents a unique opportunity in Northwest Oklahoma City. The property boasts a versatile layout suitable for executive, medical, creative, traditional, or coworking uses. The building features nine individual offices, a functional conference room, a well-equipped break room with accessible bathrooms, and a dedicated IT room. Located in a high-traffic area, this one-story building offers convenient access to major thoroughfares and ample parking with 45 spaces. The 55,151-square-foot lot provides a tranquil setting, enhanced by its proximity to a pond within Commerce Park. The property's strategic location offers employees easy access to nearby amenities, including shopping centers featuring retailers like Walmart and Kohl's, and various restaurants. The property is zoned O-2 and situated in Oklahoma County. This Class C building offers a blend of functionality and a desirable location, making it an ideal choice for businesses seeking a sophisticated and convenient workspace. The significant vacant space (4,325 square feet) allows for customization and expansion.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2002
Construction WOOD FRAME
Total area 5,505 SF
Lot 1.27 ac (55,147 SF)
APN 20-375-1000
UPID US69-0017821
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
Current use
Occupant on record · Public records
  • Farmers Insurance - Kevin Haggard Insurance Agency
  • CORE GROUP US Tax Preparation
  • Core Employee Solutions, LLC (Bike/Boat/Book/etc) Store Corporate Office
  • Farmers Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$825k
Blend (final) Blend
$740k
Owner & transaction history
Three Sixty Four Properties LLC · 21 yrs held
Three Sixty Four Properties LLC
since 2005
5 recorded transactions
2018
Price N/A
2005
$660,000
2005
$200,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $860,000 +33.9%
Auto repair, garage $820,000 +27.6%
Office building $705,000 +10.1%
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