10920 Council RdOklahoma City, OK 73162

Property Details for 10920 Council Rd

Year built

2019

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.37 AC

Property type

Parking lots & garages

APN

21-636-1010

APU

216361010

Description

This 0.37-acre commercial lot, located at 10920 N Council Rd in Oklahoma City, Oklahoma (zip code 73162), is zoned C-3 and offered for sale at $475,000. The land value is $16 per square foot. The property is being sold as a build-to-suit opportunity, offering the potential for sale or lease. A current plan includes a 2,500-square-foot building, but reasonable modifications can be made by the tenant or buyer. However, significant changes to the building's quality or type may result in price adjustments. This prime location provides easy access to the Northwest Expressway and Kilpatrick Turnpike, situated near the intersection of Council Road and Hefner Road. The flexible floor plans allow for adaptability to various business needs. Interested parties should be aware that alterations to the proposed building design may impact the final sale or lease price.

• CAP approach

  CAP return

  Valuation

  6%

  $3,509,830

  6.5%

  $3,239,842

  7%

  $3,008,425

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,900,118

  Geo Method

  $4,900,118

• Alternative Use

  Use

  Valuation

  Residential

  $2,732,928

  Hospitality

  $2,503,348

  Educational

  $2,082,756

  Medical

  $2,154,385

  Retail

  $3,239,842

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.5809

Longitude

-97.6557

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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