1040 19Th PlMoore, OK 73160

Property Details for 1040 19Th Pl

Year built

2004

Lot size

2.56 AC

Property size (Sq ft)

14,490 SF

Property type

Retail space

APN

MC2 GRENS 1001

APU

MC2GRENS1001

Description

This exceptional value-add redevelopment opportunity presents a 14,550-square-foot retail building situated on a prominent 2.55-acre hard corner lot in Moore, Oklahoma. Located at 1040 SW 19th St, this property boasts a prime location on a high-traffic road with a volume per day of 15,800 vehicles. The existing structure, built in 2004, is zoned C-3 and offers significant potential for redevelopment. The asking price is $2,750,000, translating to $189 per square foot. The land itself is valued at $24.75 per square foot. This property benefits from its adjacency to the Moore Golf and Athletic Club and a strong retail environment, including nearby Target, WinCo Foods, Dick's Sporting Goods, Sherwin Williams, Ulta Beauty, Goodwill, Home Depot, Walmart, At Home, and Aldi. The tight retail corridor and limited future development opportunities make this a rare and highly desirable investment. The single-story building offers 14,550 square feet of net rentable space. This is an ideal opportunity for investors seeking a high-return redevelopment project in a thriving retail market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,944,980

  6.5%

  $2,718,440

  7%

  $2,524,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,813,170

  Geo Method

  $1,813,170

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,289,100

  Mixed-Use / Specialty

  $2,713,660

  Hospitality / Lodging

  $1,997,310

  Office

  $2,702,640

  Institutional / Educational

  $2,822,860

  Residential Income

  $3,302,750

  Multifamily

  $3,933,950

  Automotive / Energy

  $2,419,600

  Parking / Income-Based Land

  $830,128

  Restaurant / Food Service

  $1,421,860

  Healthcare / Senior Housing

  $2,777,780

Location Insight

City

Moore

County

Cleveland

State

Oklahoma

Latitude

35.3192

Longitude

-97.5113

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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