7304 Comanche AveWarr Acres, OK 73132

Property Details for 7304 Comanche Ave

Year built

1973

Construction

BRICK

Lot size

0.49 AC

Property size (Sq ft)

5,212 SF

Property type

Medical offices

Property subtype

Medical centers

APN

18-845-1007

APU

188451007

Description

This 5,212 square foot Class B office building, located at 7304 Comanche Ave in Warr Acres, Oklahoma (zip code 73132), is offered at $995,000 ($190.91/sq ft). The property, recently appraised at $1.15 million, is a well-appointed, turn-key medical clinic ideally situated just off NW Expressway, experiencing over 41,000 vehicles per day. This versatile space can easily be converted into a multi-tenant building, allowing for owner-occupancy with supplemental income. Significant capital expenditures exceeding $300,000 have been invested in recent upgrades. The building boasts 14 exam/offices (8 with plumbing), 5 restrooms, two check-in/out areas, a large waiting area, and four points of ingress and egress for staff and physicians. Additional features include a 36' x 14' therapy area, an x-ray room, two breakrooms, and recently updated paint. The property also features a fairly new TPO roof with a 30-year warranty. This presents a unique opportunity for a medical practice or investor seeking a prime location and a well-maintained facility.

• CAP approach

  CAP return

  Valuation

  6%

  $770,025

  6.5%

  $710,792

  7%

  $660,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $627,108

  Geo Method

  $627,108

• Alternative Use

  Use

  Valuation

  Residential

  $881,382

  Hospitality

  $807,342

  Educational

  $671,699

  Medical

  $694,800

  Retail

  $1,044,865

Location Insight

City

Warr Acres

County

Oklahoma

State

Oklahoma

Latitude

35.5472

Longitude

-97.6157

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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