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9003 Reno Ave Midwest City, OK 73130-3315

OFF-MARKET Turn key restaurants Google Maps
1,152 SF 2.23 ac lot Built 1991
Entity Owned 22-yr Hold ~ Est. High Equity
Estimated value (blended)
$225k
Range $203k – $248k (±10%)
Property ID US69-0059580

Property summary

AI-generated overview

This exceptional value-add opportunity presents a 1,792-square-foot gas station situated on a 0.911-acre lot in Midwest City, Oklahoma. Located at 9003 E Reno Ave, the property benefits from a prime location at a highly visible, signalized intersection boasting over 34,000 vehicles per day. The strategic positioning ensures excellent visibility and accessibility for potential customers. The property's proximity to major economic drivers and national tenants further enhances its appeal. Nearby establishments include CVS, Crest Foods, Dollar Tree, Walmart Neighborhood Mart, Winco Foods, SSM Health Midwest City Hospital, John Conrad Golf Course, and Tinker Air Force Base, creating a robust and diverse customer base. The asking price is $930,000, translating to $518.97 per square foot. This versatile property is suitable for a variety of uses, including a gas station/convenience store, fast food restaurant, urgent care/medical facility, or auto care center. The single-tenant occupancy provides flexibility for future development and operational strategies. This is a rare opportunity to acquire a well-located commercial property with significant growth potential in a thriving Oklahoma City market. The property's size and location make it an ideal investment for those seeking a strong return on investment in a high-traffic area.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1991
Construction WOOD FRAME
Total area 1,152 SF
Lot 2.23 ac (97,095 SF)
APN 15-655-9600
UPID US69-0059580

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2003
1 recorded transaction
2003
$450,000

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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