7604 Highway 132Drummond, OK 73735

Property Details for 7604 Highway 132

Year built

2016

Lot size

20.00 AC

Property size (Sq ft)

2,750 SF

Zone code

CR

Property type

Office buildings

APN

0000-10-21N-08W-4-100-00

APU

00001021N08W410000

Description

This exceptional commercial property in Drummond, OK, offers 20 fully fenced acres with a 16,000 sq ft main shop featuring a 10-ton crane, five 16'x20' garage doors, and climate-controlled concrete floors. A secondary 4,800 sq ft shop adds further versatility, complete with two 16' garage doors and an RV hookup. The property also boasts over 2,700 sq ft of modern office space, including five furnished offices, a conference room, and a secure executive suite with a private bathroom. Conveniently located off Hwy 132, with easy access to I-35, Hwy 81, and Hwy 74, this property provides ample space and strategic location for a variety of businesses. The office area includes fiber internet, phone lines, and a camera system. Both shops have 6-inch concrete floors. The main shop includes four tankless water heaters, exhaust fans, 3-phase power, built-in air compressors, and gas heaters. Restrooms in both the office and main shop serve as a safe room. This turnkey operation is ready for immediate occupancy. The property was custom-built in 2014, with the secondary shop added in 2016.

• CAP approach

  CAP return

  Valuation

  6%

  $438,577

  6.5%

  $404,840

  7%

  $375,923

• Comparable approach

  Method

  Valuation

  Relative Method

  $330,880

  Geo Method

  $330,880

• Alternative Use

  Use

  Valuation

  Residential

  $502,002

  Hospitality

  $459,831

  Educational

  $382,574

  Medical

  $395,731

  Retail

  $595,115

Location Insight

City

Drummond

County

Garfield

State

Oklahoma

Latitude

36.3101

Longitude

-98.0353

CBSA code

21420

CBSA name

ENID, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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