915 Hubbard Rd Ponca City, OK 74601
- Manufacturing properties
- 11,200 SF
- 3.88 lot acres
Dec 30, 2024
Current Use by Public Records
- Manufacturing properties
Property Details for 915 Hubbard Rd
- Lot size
- 3.88 lot acres
- Property size
- 11,200 SF
- Property type
- Manufacturing properties
- APN
- 7500-03-026-02E-4-016-10
- APU
- 75000302602E401610
Description
This exceptional self-storage facility, located at 915 E Hubbard Rd in Ponca City, Oklahoma, presents a compelling investment opportunity. The property boasts 25,200 square feet across two single-story buildings, constructed between 2021 and 2022, and situated on a 3.88-acre lot. Currently operating at 88% occupancy, the facility comprises 40 units, with 20 units measuring 14x40 feet and renting for $200 per month, and another 20 units at 14x50 feet renting for $250 per month. The property features 16-foot ceilings and gravel parking. The asking price is $999,900, representing a price per square foot of $39.68 and a price per unit of $24,997.50. The property's pro-forma NOI is $78,923, yielding a 7.89% cap rate. Conveniently located near Highway 77 North, the property is outside city limits and therefore has no permitted zoning. Electricity is available on-site, and water is accessible across the street. Additional land to the north offers potential for future expansion. Detailed financials are available upon request after signing a confidentiality agreement. This is a Class A, stabilized investment held by an LLC.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $587,000
Market price range: $368k - $587k -
Alternative Use
- Use
- Estimation
- SHIPYARD - BUILT OR REPAIRED (SEAGOING VESSELS)
- $450,000 Current use
- MEDICAL BUILDING
- $1,085,000 Change: +141% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,070,000 Change: +138% Conversion: Difficult
- RETAIL STORES
- $845,000 Change: +87% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $725,000 Change: +60% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Ponca City
- County
- Kay
- State
- Oklahoma
- Longitude
- -97.07
- Latitude
- 36.7543
- CBSA code
- 38620
- CBSA name
- PONCA CITY, OK MICROPOLITAN STATISTICAL AREA