6520 Reno AveMidwest City, OK 73110

Property Details for 6520 Reno Ave

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.33 AC

Property size (Sq ft)

2,769 SF

Property type

Medical offices

Property subtype

Medical centers

APN

15-020-1100

APU

150201100

Description

This exceptional investment opportunity presents a fully occupied, single-story office building situated on a 0.86-acre lot in Midwest City, Oklahoma. The property, located at 6520 E Reno Ave, 73110, boasts 6,589 square feet of traditional office space, currently operating at 100% occupancy, generating a strong 8.33% capitalization rate. The asking price is $650,000, translating to a price per square foot of $98.65. Recent improvements include updated LED 2x4 lighting panels, foam insulation for enhanced energy efficiency, and new drop ceilings throughout the building. The property also features a newly paved parking lot, providing ample space for tenants and visitors. The building is zoned C-1, offering flexibility for a variety of commercial uses. This is a rare opportunity to acquire a well-maintained, high-performing office building in a desirable location with a proven track record of success. The property's strong occupancy rate and impressive cap rate make it an ideal addition to any investment portfolio. Contact us today to schedule a showing.

• CAP approach

  CAP return

  Valuation

  6%

  $392,755

  6.5%

  $362,543

  7%

  $336,647

• Comparable approach

  Method

  Valuation

  Relative Method

  $333,166

  Geo Method

  $333,166

• Alternative Use

  Use

  Valuation

  Residential

  $449,553

  Hospitality

  $411,788

  Educational

  $342,603

  Medical

  $354,386

  Retail

  $532,938

Location Insight

City

Midwest City

County

Oklahoma

State

Oklahoma

Latitude

35.4637

Longitude

-97.4122

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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