8324 Candlewood DrOklahoma City, OK 73132

Property Details for 8324 Candlewood Dr

Year built

1980

Construction

STEEL FRAME

Lot size

0.60 AC

Property size (Sq ft)

1,271 SF

Property type

Auto shops

APN

14-068-1185

APU

140681185

Description

This thriving 1,575 square foot auto repair center is strategically located in Oklahoma City, OK, at 8324 Candlewood Dr, zip code 73132, offering exceptional visibility and accessibility. Situated on a 0.69-acre lot, the property boasts ample space for multiple vehicles and convenient front parking, enhancing customer experience. Its prime location between NW Expressway, MacArthur Blvd, and Rockwell Ave, with direct access via Candlewood Drive, provides easy access to the high-demand neighborhoods of Springbrook, Windsor Lakes, and Rock Knoll. The existing layout is designed for efficiency and customer convenience, but the expansive fenced lot presents significant opportunities for expansion or customization. This allows for the creation of diversified income streams or tailored development to meet evolving market demands. The asking price is $650,000, translating to $412.70 per square foot. This represents a compelling owner/user investment opportunity in a high-growth area. The property is a single-tenancy retail space, classified as an auto shop. This turnkey operation offers immediate income potential and significant long-term growth prospects.

• CAP approach

  CAP return

  Valuation

  6%

  $276,034

  6.5%

  $254,801

  7%

  $236,601

• Comparable approach

  Method

  Valuation

  Relative Method

  $385,375

  Geo Method

  $385,375

• Alternative Use

  Use

  Valuation

  Residential

  $214,934

  Hospitality

  $196,879

  Educational

  $163,801

  Medical

  $169,434

  Retail

  $254,801

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.5557

Longitude

-97.6299

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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