901 W Walnut Ave Duncan, OK 73533
Property profile & analytics
901 W Walnut Ave, Duncan, OK 73533
- Automotive properties
- 14,100 SF
Property ID
US69-1726263
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
- Firestone Complete Auto Care / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 901 W Walnut Ave
- Year built
- 1950
- Construction
- WOOD
- Property type
- Automotive properties
- APN
- 1001-00-138-029-0-000-00
- APU
- 100100138029000000
Description
This exceptional investment opportunity presents a 14,100 square foot Firestone Complete Auto Care, located at 901 W Walnut Ave, Duncan, OK 73533. The property, built in 1950 and renovated in 1985, sits on a 0.25-acre lot and boasts six service bays, aligning with Firestone's current store standards. The current lease, a Net Lease (NNN) agreement with a credit-rated tenant backed by a corporate guarantee (Bridgestone Corporation), has a remaining term of 1.5 years, expiring May 30, 2026. The lease includes two 5-year renewal options, with rent increases of 6% and 7% respectively. Rent bumps occur every five years, with the next increase scheduled for June 1, 2026. The property generates a strong NOI of $73,495, resulting in a 7.35% cap rate. The asking price is $999,930, translating to $70.92 per square foot. This location benefits from high visibility along W Walnut Ave, easy access from Hwy 81, and a strong demographic area with over 24,000 residents within a 5-mile radius. The property's long history (nearly 60 years) with Firestone and the tenant's significant investment in recent upgrades further solidify this investment's potential. The landlord is responsible only for roof and structure maintenance. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Duncan
- County
- Stephens
- State
- Oklahoma
- Longitude
- -97.9584
- Latitude
- 34.5034
- CBSA code
- 20340
- CBSA name
- DUNCAN, OK MICROPOLITAN 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
$1,794
$1,705
$20,294
$21,999
-
$15,497
$191,688
$207,185
