16205 Pennsylvania AveEdmond, OK 73013

Property Details for 16205 Pennsylvania Ave

Year built

2010

Construction

WOOD FRAME

Lot size

0.59 AC

Property size (Sq ft)

3,600 SF

Property type

Medical offices

Property subtype

Medical centers

APN

14-053-3045

APU

140533045

Description

This Edmond, OK medical office building offers a compelling investment opportunity. The 3,615 square foot property is under a 15-year absolute NNN lease with a corporate guarantee from a rapidly growing national urgent care provider, boasting 4.5-star Google reviews. The lease, commencing May 1, 2015, and expiring April 30, 2030, has approximately 5.4 years remaining, with three 5-year options. The tenant enjoys 2% annual rent increases, providing a hedge against inflation. The property sits on a 0.59-acre lot and generates a strong NOI of $112,616, resulting in a 7% cap rate. Its prime location within a vibrant retail corridor near Quail Springs Mall and major amenities ensures high patient traffic. The surrounding area features a densely populated market with high average household income, proximity to a major hospital, and a strong educational presence. This recession-resistant asset class, within a booming urgent care market, presents a stable and attractive investment opportunity with significant upside potential. The asking price is $1,608,800. Built in 2014, this fee-simple property offers a hands-free investment with minimal landlord responsibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $584,415

  6.5%

  $539,460

  7%

  $500,927

• Comparable approach

  Method

  Valuation

  Relative Method

  $433,152

  Geo Method

  $433,152

• Alternative Use

  Use

  Valuation

  Residential

  $668,930

  Hospitality

  $612,737

  Educational

  $509,790

  Medical

  $527,322

  Retail

  $793,006

Location Insight

City

Edmond

County

Oklahoma

State

Oklahoma

Latitude

35.6359

Longitude

-97.5502

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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