1900 36Th StOklahoma City, OK 73111

Property Details for 1900 36Th St

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

7.17 AC

Property size (Sq ft)

24,521 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

07-057-2000

APU

70572000

Description

This exceptional Oklahoma City office building, situated on a 7.17-acre lot at 1900 NE 36th Street, presents a compelling investment opportunity. The 24,521 square foot Class B building, constructed primarily of steel and concrete in 1957, boasts significant renovations in 2010 and 2017. Approximately 70% of the space, including hallways and common areas, is move-in ready, featuring multiple offices, conference rooms, and reception areas. A portion of the building is available as white-box space, allowing for customization to suit a new owner's needs. The property includes a 1,728 square foot ancillary building with two drive-through doors, ideal for storage or additional workspace. Security features include a 6-foot chain-link fence, keypad-gated entrance, and a secured back entrance. The building is divided into four sections, each with its own security access. Ample parking is provided with 31 spaces. The property's strategic location near the Oklahoma State Capitol, other government agencies, major highways, golf courses, Remington Park, and restaurants enhances its appeal. The zoning is C-3, and the building is currently 50% occupied under a gross lease. The asking price is $1,980,000, representing $80.75 per square foot of net rentable area (16,251 sq ft). The property's location on the corner of MLK Blvd and NE 36th Street offers excellent visibility and accessibility. This property is an ideal location for businesses working with the State of Oklahoma.

• CAP approach

  CAP return

  Valuation

  6%

  $4,140,230

  6.5%

  $3,821,751

  7%

  $3,548,769

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,392,922

  Geo Method

  $3,392,922

• Alternative Use

  Use

  Valuation

  Residential

  $4,848,053

  Hospitality

  $4,440,790

  Educational

  $3,694,686

  Medical

  $3,821,751

  Retail

  $5,747,288

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.5068

Longitude

-97.4777

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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