4800 San Antonio StBroken Arrow, OK 74012

  • Medical offices
  • 16,631 SF
For Sale
$2,900,000 View listing

Property Details for 4800 San Antonio St

Year built
2006
Construction
WOOD FRAME
Lot size
1.16 AC
Property size (Sq ft)
16,631 SF
Zone code
ON
Property type
Medical offices
Property subtype
Medical centers
APN
83329-84-17-00460
APU
83329841700460

Description

This exceptional investment opportunity, Berkshire Medical Plaza, is a stabilized Class B medical office building located at 4800 W San Antonio St, Broken Arrow, OK 74012. The property boasts 15,865 square feet across two stories on a 1.16-acre lot, built in 2006 and renovated in 2008. Currently 100% occupied with a multi-tenant structure, the building features a common lobby, common restrooms, and an elevator. The lease type is modified, secured by corporate guarantees, with a remaining term of 4 years and 2% annual rent bumps. The property offers 56 parking spaces and is zoned OL. Financial highlights include an asking price of $2,900,000, a price per square foot of $185.04, a 7.79% cap rate, and a Net Operating Income (NOI) of $249,139. The building is ideally situated in a high-density area with strong demographics, making it an attractive investment for long-term growth. The current tenants include a physical therapy clinic on the first floor and a DaVita Home Dialysis Center occupying the entire second floor. This presents a compelling opportunity for investors seeking a stable, high-performing medical office building in a thriving Oklahoma market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,449,755
    6.5%
    $1,338,235
    7%
    $1,242,647
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,189,615
    Geo Method
    $1,189,615
  • Alternative Use

    Use
    Valuation
    Residential
    $1,659,412
    Hospitality
    $1,520,012
    Educational
    $1,264,632
    Medical
    $1,308,125
    Retail
    $1,967,206

Location Insight

City
Broken Arrow
County
Tulsa
State
Oklahoma
Latitude
36.0376
Longitude
-95.8504
CBSA code
46140
CBSA name
TULSA, OK METROPOLITAN 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
$34,289
$38,753
$223,377
$262,130
-
$352,300
$2,030,700
$2,383,000

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