5 Council RdOklahoma City, OK 73127

Property Details for 5 Council Rd

Year built

2015

Construction

STEEL FRAME

Lot size

0.73 AC

Property size (Sq ft)

9,000 SF

Property type

Retail space

APN

14-797-5930

APU

147975930

Description

This single-story industrial warehouse complex, located at 5 S Council Rd, Oklahoma City, OK 73127, offers multiple units for lease. The property, situated in Oklahoma County, comprises a total of 34,600 square feet and features two available spaces ranging from 3,000 to 3,280 square feet. Each unit offers a unique layout. Half of the complex features units with a single office and bathroom in the front, while the other half provides open spaces with a large garage door (14' tall x 12' wide) at the front. The West Reno Industrial Park boasts convenient access to I-40 West and ample parking. The property is conveniently located near the Oklahoma City Outlet Mall at the Northwest corner of North Council Road and West Reno. No elevators are present in this single-story building. The property is classified as both warehouse and manufacturing space, making it suitable for a variety of industrial uses. The property is easily accessible and offers a practical solution for businesses needing warehouse or manufacturing space in Oklahoma City.

• CAP approach

  CAP return

  Valuation

  6%

  $1,822,802

  6.5%

  $1,682,586

  7%

  $1,562,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,728,858

  Geo Method

  $2,728,858

• Alternative Use

  Use

  Valuation

  Residential

  $1,419,324

  Hospitality

  $1,300,094

  Educational

  $1,081,663

  Medical

  $1,118,863

  Retail

  $1,682,586

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.4658

Longitude

-97.6547

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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