5924 2Nd StOklahoma City, OK 73127

Property Details for 5924 2Nd St

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

7.29 AC

Property size (Sq ft)

29,507 SF

Property type

Retail space

APN

12-242-1080

APU

122421080

Description

This exceptional 31,017-square-foot flex space property, located at 5924 NW 2nd St in Oklahoma City, Oklahoma, presents a unique opportunity for businesses seeking a versatile and strategically located facility. The property is classified as both office and industrial, making it suitable for a wide range of uses, particularly research and development (R&D) and flexible office configurations. The single-tenant occupancy offers significant advantages for businesses seeking a dedicated and private workspace. The building boasts a prominent frontage on NW 2nd St. within Oklahoma County's West submarket. Its location offers unparalleled convenience, situated just half a mile north of I-40 and two miles west of I-44, providing seamless access to Oklahoma's extensive interstate highway system. This prime location is also embedded within a thriving commercial area, surrounded by a variety of restaurants and major national retailers, ensuring easy access to amenities and a vibrant business environment. The property's 2,033 square foot office space is part of the larger 31,017 square foot building. This property is perfect for a company seeking a strategic location with excellent access to transportation and a wealth of nearby amenities. The zip code is 73127.

• CAP approach

  CAP return

  Valuation

  6%

  $5,552,940

  6.5%

  $5,125,790

  7%

  $4,759,662

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,946,711

  Geo Method

  $8,946,711

• Alternative Use

  Use

  Valuation

  Residential

  $4,323,796

  Hospitality

  $3,960,574

  Educational

  $3,295,151

  Medical

  $3,408,476

  Retail

  $5,125,790

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.4679

Longitude

-97.6201

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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