821-825 Royal Way
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821-825 Royal Way
3,900 SF 100% Leased Flex Building Edmond, OK 73034 $690,000 ($177/SF)
Executive Summary
This flex building includes 821 and 825 Royal Way. Each side has 1,200 sqft of high-ceiling warehouse space and 750 sqft of office space. In total there is 3,900 sqft of: 4 office rooms, 2 bathrooms, 2 mini kitchens, and 2 warehouse spaces. Parking can fit 9 cars comfortably. Metal building with metal roof. Each warehouse comes with a mini split and gas heater.
This property is located near the center of Edmond making it one of, if not the only, affordable commercial property in its area. Whether it's for personal use or for investment purposes, its location and uniqueness make this property a desirable asset for those wanting to start a business or leasing it out to its current tenants or future tenants.
Currently, a wellness center occupies both spaces for $3,750/month with rent increasing $50 per year. Tenants are willing to stay or move, contingent on the new landlord's expectation and new lease. Current lease is in effect until May of 2024, but tenant is willing to renegotiate or void the lease if need be.
2023 Expenses: Property Taxes: $4,400. Insurance: $2,600. Repairs and maintenance: $800.
Call 972-740-8367 for more details.
This property is located near the center of Edmond making it one of, if not the only, affordable commercial property in its area. Whether it's for personal use or for investment purposes, its location and uniqueness make this property a desirable asset for those wanting to start a business or leasing it out to its current tenants or future tenants.
Currently, a wellness center occupies both spaces for $3,750/month with rent increasing $50 per year. Tenants are willing to stay or move, contingent on the new landlord's expectation and new lease. Current lease is in effect until May of 2024, but tenant is willing to renegotiate or void the lease if need be.
2023 Expenses: Property Taxes: $4,400. Insurance: $2,600. Repairs and maintenance: $800.
Call 972-740-8367 for more details.
Property Facts
| Price | $690,000 | Lot Size | 0.34 AC |
| Price Per SF | $177 | Rentable Building Area | 3,900 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Flex | Year Built | 2006 |
| Property Subtype | Light Distribution | Parking Ratio | 2.31/1,000 SF |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Price | $690,000 |
| Price Per SF | $177 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 0.34 AC |
| Rentable Building Area | 3,900 SF |
| No. Stories | 1 |
| Year Built | 2006 |
| Parking Ratio | 2.31/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
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PROPERTY TAXES
| Parcel Number | 182780125 | Improvements Assessment | $35,419 |
| Land Assessment | $6,656 | Total Assessment | $42,075 |
PROPERTY TAXES
Parcel Number
182780125
Land Assessment
$6,656
Improvements Assessment
$35,419
Total Assessment
$42,075
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Royal Way Commercial
821-825 Royal Way
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