118 N Oak St
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118 N Oak St
4,551 SF Office Building Ponca City, OK 74601 $97,500 ($21/SF)
Investment Highlights
- Brick building with 8 office spaces and 2 upstairs apartments.
Executive Summary
Need office space for your business or for a rental investment? Then look no further!! Great corner location just a block off Grand Avenue. As you step in the building you are welcomed to the reception area that serves 8 offices of which 4 are currently rented. There are also 2 bathrooms, a kitchenette and ample storage downstairs for your office needs. Upstairs are 2 apartments that are currently rented. With 10 parking spaces for you tenants and clients this is a perfect location for your business.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $11,400 | $2.50 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $11,400 | $2.50 |
Taxes | $1,200 | $0.26 |
Operating Expenses | - | - |
Total Expenses | $1,200 | $0.26 |
Net Operating Income | $10,200 | $2.24 |
Financial Summary (Actual - 2023)
Gross Rental Income | |
---|---|
Annual | $11,400 |
Annual Per SF | $2.50 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $11,400 |
Annual Per SF | $2.50 |
Taxes | |
---|---|
Annual | $1,200 |
Annual Per SF | $0.26 |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $1,200 |
Annual Per SF | $0.26 |
Net Operating Income | |
---|---|
Annual | $10,200 |
Annual Per SF | $2.24 |
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Building Size
4,551 SF
Year Built
1950
Price
$97,500
Price Per SF
$21
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,276 SF
Slab To Slab
8’
Building FAR
0.59
Lot Size
0.18 AC
Zoning
Commercial
Amenities
- Fenced Lot
- Reception
- Storage Space
- Air Conditioning
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PROPERTY TAXES
Parcel Numbers | Total Assessment | $9,783 | |
Land Assessment | $412 | Annual Taxes | $1,200 ($0.26/SF) |
Improvements Assessment | $9,371 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$412
Improvements Assessment
$9,371
Total Assessment
$9,783
Annual Taxes
$1,200 ($0.26/SF)
Tax Year
2023
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118 N Oak St
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