7201 23Rd StBethany, OK 73008

Property Details for 7201 23Rd St

Year built

2014

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.24 AC

Property size (Sq ft)

8,505 SF

Property type

Retail space

APN

21-209-1020

APU

212091020

Description

This exceptional 8,505-square-foot freestanding retail building, constructed in 2014 and recently renovated, presents a prime leasing opportunity. Located in Oklahoma County on NW 23rd Street, the property boasts unparalleled visibility and accessibility, benefiting from daily traffic exceeding 29,000 vehicles. Its strategic location ensures high foot traffic and strong brand recognition. The building's single-tenant occupancy offers flexibility and control. The property enjoys a strong co-tenancy with established businesses such as Walgreens, McDonald's, and Ace Hardware, creating a synergistic retail environment and attracting a diverse customer base. The lease rate is competitively priced at $10.00 per square foot, triple net (NNN). This property is ideal for a variety of retail uses seeking high visibility and a strong location within a thriving commercial area. The modern design and recent renovations ensure a move-in ready space, minimizing upfront capital expenditures. Don't miss this chance to secure a prominent retail presence in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,847,107

  6.5%

  $1,705,022

  7%

  $1,583,235

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,578,770

  Geo Method

  $2,578,770

• Alternative Use

  Use

  Valuation

  Residential

  $1,438,250

  Hospitality

  $1,317,429

  Educational

  $1,096,086

  Medical

  $1,133,782

  Retail

  $1,705,022

Location Insight

City

Bethany

County

Oklahoma

State

Oklahoma

Latitude

35.4938

Longitude

-97.6388

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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