1001 Petree RdAnadarko, OK 73005

Property Details for 1001 Petree Rd

Year built

1991

Lot size

0.95 AC

Property size (Sq ft)

6,806 SF

Property type

Office buildings

APN

1250-21-003-006-4-013-50

APU

125021003006401350

Description

This exceptional investment opportunity presents a single-tenant, 6,806 square foot Class B office building located at 1001 W Petree Rd, Anadarko, OK 73005. The property, built in 1991 and renovated in 2019, sits on a 41,382 square foot lot and includes 35 parking spaces. Currently 100% occupied under a NNN lease with a credit-rated tenant, the lease has a remaining term of approximately 2.2 years, expiring January 31, 2027. The lease commenced February 1, 2017, and has a 10-year term. The property boasts a strong net operating income (NOI) of $73,000, resulting in an attractive 8.34% capitalization rate. The asking price is $875,000. The property features one building, one story, and is categorized as a Traditional Office, Institutional Investment type. The APN is 1250-21-003-006-4-013-50. This presents a compelling opportunity for investors seeking a stable, high-yield investment in a well-located property. All information is believed to be accurate but should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $883,599

  6.5%

  $815,630

  7%

  $757,370

• Comparable approach

  Method

  Valuation

  Relative Method

  $818,898

  Geo Method

  $818,898

• Alternative Use

  Use

  Valuation

  Residential

  $1,011,381

  Hospitality

  $926,419

  Educational

  $770,770

  Medical

  $797,278

  Retail

  $1,198,976

Location Insight

City

Anadarko

County

Caddo

State

Oklahoma

Latitude

35.0582

Longitude

-98.2586

Property Tax & Assessments

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