Log In/Sign Up
Your email has been sent.
111 Sequoyah Ln 11,550 SF 100% Leased Office Building Altus, OK 73521 $425,000 ($36.80/SF) 3.39% Cap Rate
EXECUTIVE SUMMARY
This 2-story commercial brick office space is 11,550 SF and is located next to big businesses and franchises like Walmart, Braum’s, and Chick-fil-A, as well as many other banks and restaurants. With a purchase price of $450,000 this investment is perfect for the passive investor looking to park their money in a solid asset. A new roof was installed in 2024. Current occupancy is at 50%, and utilities are paid by the landlord. Showings are by appointment only and must be done after hours or on weekends. Please be courteous to the tenants.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$57,800
|
$5.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,800
|
$5.00
|
| Taxes |
-
|
-
|
| Operating Expenses |
$43,460
|
$3.76
|
| Total Expenses |
$43,460
|
$3.76
|
| Net Operating Income |
$14,340
|
$1.24
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $57,800 |
| Annual Per SF | $5.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $57,800 |
| Annual Per SF | $5.00 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $43,460 |
| Annual Per SF | $3.76 |
| Total Expenses | |
|---|---|
| Annual | $43,460 |
| Annual Per SF | $3.76 |
| Net Operating Income | |
|---|---|
| Annual | $14,340 |
| Annual Per SF | $1.24 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,550 SF
Building Class
C
Year Built
1980
Price
$425,000
Price Per SF
$36.80
Cap Rate
3.39%
NOI
$14,389
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,775 SF
Building FAR
0.39
Lot Size
0.68 AC
AMENITIES
- Signage
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Number | 0022-07-002-020-0-007-00 | Total Assessment | $54,486 (2025) |
| Land Assessment | $7,327 (2025) | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $47,159 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0022-07-002-020-0-007-00
Land Assessment
$7,327 (2025)
Improvements Assessment
$47,159 (2025)
Total Assessment
$54,486 (2025)
Annual Taxes
$0 ($0.00/SF)
Tax Year
2024
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
111 Sequoyah Ln
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.