6601 May AveOklahoma City, OK 73116

  • Retail properties
  • 6,280 SF
For Lease
$8.50/SF/YR View listing

Property Details for 6601 May Ave

Year built
1957
Construction
CONCRETE BLOCKS
Lot size
0.19 AC
Property size (Sq ft)
6,280 SF
Property type
Retail properties
Property subtype
Retail space
APN
11-215-2000
APU
112152000

Description

This exceptional 6,280-square-foot commercial property, located at 6601 N May Ave in Oklahoma City, OK 73116, presents a unique blend of retail showroom and warehouse space. Situated on a 0.2-acre lot at the intersection of NW 66th St & May Avenue, this single-tenant building boasts a recently renovated approximately 2,800-square-foot showroom, perfect for showcasing products or services. The remaining approximately 3,480-square-foot area is dedicated to warehouse space, featuring three overhead doors for efficient loading and unloading. Built in 1957 and extensively renovated in 2024, the property is classified as Class B and zoned C-3. The building is a single-story structure offering ample parking with 15 spaces. Two convenient restrooms are included. Property taxes are $0.66 per square foot. This prime location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a versatile and well-maintained space to establish or expand their operations. The property's features, combined with its strategic location, represent a valuable asset in the Oklahoma City market. APN: R112152000. Oklahoma County.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,379,230
    6.5%
    $1,273,135
    7%
    $1,182,197
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,904,136
    Geo Method
    $1,904,136
  • Alternative Use

    Use
    Valuation
    Residential
    $1,073,937
    Hospitality
    $983,721
    Educational
    $818,444
    Medical
    $846,592
    Retail
    $1,273,135
6601 May Ave, Oklahoma City, Oklahoma

Location Insight

City
Oklahoma City
County
Oklahoma
State
Oklahoma
Latitude
35.5385
Longitude
-97.566
CBSA code
36420
CBSA name
OKLAHOMA CITY, 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
$3,951
$3,661
$28,504
$32,165
-
$49,980
$389,136
$439,116

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