5229 Owen K Garriott RdEnid, OK 73703

  • Drive through restaurants
  • 3,040 SF
For Lease
$39/SF/YR View listing

Property Details for 5229 Owen K Garriott Rd

Year built
2016
Lot size
0.93 AC
Property size (Sq ft)
3,040 SF
Property type
Drive through restaurants
APN
1211-00-001-001-0-010-00
APU
121100001001001000

Description

This exceptional retail property, located at 5229 W. Owen K. Garriott Road in Enid, Oklahoma, presents a unique investment opportunity. The 3,040 square foot building sits on approximately 0.93 acres of land, offering ample space and visibility. Constructed in 2016, the property is classified as Class B and features a convenient drive-thru, ideal for a fast-casual restaurant or similar business. Its strategic location as a Lowe's outparcel at a well-lit intersection ensures high traffic volume and excellent exposure to potential customers. The single-tenancy building is situated in Garfield County, Oklahoma, with a zip code of 73703. The property's size and features make it an attractive option for businesses seeking a prominent location in a thriving Enid market. This is a rare opportunity to acquire a well-maintained, recently built retail space in a high-traffic area. The property's convenient access and visibility make it an ideal location for a variety of retail businesses. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $725,454
    6.5%
    $669,650
    7%
    $621,818
  • Comparable approach

    Method
    Valuation
    Relative Method
    $921,747
    Geo Method
    $921,747
  • Alternative Use

    Use
    Valuation
    Residential
    $564,875
    Hospitality
    $517,422
    Educational
    $430,489
    Medical
    $445,294
    Retail
    $669,650
5229 Owen K Garriott Rd, Enid, Oklahoma
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Location Insight

City
Enid
County
Garfield
State
Oklahoma
Latitude
36.3903
Longitude
-97.9431
CBSA code
21420
CBSA name
ENID, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,915
$50,703
$62,193
$112,896
-
$405,620
$497,540
$903,160

FAQs

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