5328 Market StEnid, OK 73701

Property Details for 5328 Market St

Year built

1981

Lot size

10.00 AC

Property size (Sq ft)

8,400 SF

Property type

Retail properties

Property subtype

Auto shops

APN

0000-11-22N-06W-4-735-00

APU

00001122N06W473500

Description

This exceptional 16,632-square-foot industrial property, located at 5328 E Market St in Enid, Oklahoma, presents a unique investment opportunity. Comprising two buildings on a substantial 435,600-square-foot lot, this Class C property is currently vacant and offers significant potential. The property boasts a recently renovated office area featuring new flooring, drywall, plumbing, lighting, windows, and doors. Both the office and dock building have been enhanced with spray foam insulation for superior energy efficiency. Further improvements include a new roof with updated screws and penetration boots, a new sliding automatic gate, new underground electric lines, newly installed forced air heaters in the shop area, upgraded exterior and LED interior lighting. Previously occupied by an oil and gas company, this well-maintained facility is ready for immediate occupancy and ideally suited for a variety of industrial uses. The property's location in the growing Enid community, coupled with its extensive recent renovations, makes it an attractive proposition for businesses seeking a functional and cost-effective solution. The asking price is $1,500,000. This turnkey operation offers a rare combination of quality, functionality, and value in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,004,544

  6.5%

  $1,850,348

  7%

  $1,718,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,546,934

  Geo Method

  $2,546,934

• Alternative Use

  Use

  Valuation

  Residential

  $1,560,838

  Hospitality

  $1,429,719

  Educational

  $1,189,509

  Medical

  $1,230,418

  Retail

  $1,850,348

Location Insight

City

Enid

County

Garfield

State

Oklahoma

Latitude

36.3919

Longitude

-97.802

CBSA code

21420

CBSA name

ENID, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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