10001 15Th StMidwest City, OK 73130

Property Details for 10001 15Th St

Year built

1996

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.84 AC

Property size (Sq ft)

6,500 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

12-930-1020

APU

129301020

Description

This 6,500 square foot retail building is situated on the northeast corner of SE 15th Street and Post Road in Midwest City, Oklahoma, offering prominent frontage on both major thoroughfares. The property features a single building with 43 parking spaces and security lighting, ensuring ample customer convenience and safety. Currently, 2,266 square feet of retail space is available for lease, representing a significant opportunity for a variety of businesses. The building's outparcel location provides excellent visibility and accessibility, positioned directly in front of a 50,000 square foot Buy For Less grocery store, guaranteeing high traffic counts and substantial foot traffic. The property's strategic location next to Marcos Pizza further enhances its appeal and potential for synergistic business relationships. The lease terms are NNN at a rate of $3.50 per square foot. This property presents a compelling investment opportunity for businesses seeking high visibility and a strong customer base in a thriving Midwest City location. The available space is ideal for a variety of retail uses, capitalizing on the significant traffic generated by the adjacent grocery store and other nearby businesses. The ample parking and security features further enhance the property's attractiveness to potential tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $1,355,281

  6.5%

  $1,251,029

  7%

  $1,161,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,970,842

  Geo Method

  $1,970,842

• Alternative Use

  Use

  Valuation

  Residential

  $1,055,290

  Hospitality

  $966,640

  Educational

  $804,233

  Medical

  $831,892

  Retail

  $1,251,029

Location Insight

City

Midwest City

County

Oklahoma

State

Oklahoma

Latitude

35.45

Longitude

-97.3527

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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