915 Hubbard RdPonca City, OK 74601

  • Manufacturing properties
  • 11,200 SF
For Sale
$999,900 View listing

Property Details for 915 Hubbard Rd

Lot size
3.88 AC
Property size (Sq ft)
11,200 SF
Property type
Manufacturing properties
APN
7500-03-026-02E-4-016-10
APU
75000302602E401610

Description

This exceptional self-storage facility, located at 915 E Hubbard Rd in Ponca City, Oklahoma, presents a compelling investment opportunity. The property boasts 25,200 square feet across two single-story buildings, constructed between 2021 and 2022, and situated on a 3.88-acre lot. Currently operating at 88% occupancy, the facility comprises 40 units, with 20 units measuring 14x40 feet and renting for $200 per month, and another 20 units at 14x50 feet renting for $250 per month. The property features 16-foot ceilings and gravel parking. The asking price is $999,900, representing a price per square foot of $39.68 and a price per unit of $24,997.50. The property's pro-forma NOI is $78,923, yielding a 7.89% cap rate. Conveniently located near Highway 77 North, the property is outside city limits and therefore has no permitted zoning. Electricity is available on-site, and water is accessible across the street. Additional land to the north offers potential for future expansion. Detailed financials are available upon request after signing a confidentiality agreement. This is a Class A, stabilized investment held by an LLC.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,208,684
    Hospitality
    $2,023,142
    Educational
    $1,683,231
    Medical
    $1,741,120
    Retail
    $2,618,359

Location Insight

City
Ponca City
County
Kay
State
Oklahoma
Latitude
36.7543
Longitude
-97.07
CBSA code
38620
CBSA name
PONCA CITY, 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
$6,100
$8,580
$56,531
$65,111
-
$78,000
$513,916
$591,916

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