2200 Shadowlake DrOklahoma City, OK 73159

Property Details for 2200 Shadowlake Dr

Year built

1984

Construction

WOOD FRAME

Lot size

0.08 AC

Property size (Sq ft)

3,575 SF

Zone code

ZN CO

Property type

Office properties

Property subtype

Office buildings

APN

OCC2 10 3W 6017

APU

OCC2103W6017

Description

This exceptional two-story, 3,575 square foot office building is available for purchase at $449,000. Located at 2200 Shadowlake Drive in Oklahoma City, Oklahoma (zip code 73159), this Class B property sits on approximately 0.28 acres and offers a convenient location at the intersection of Shadowlake Drive and South Pennsylvania. Currently vacant, this single-tenancy building is perfectly suited for a variety of office users, including law firms, medical practices, dental offices, insurance companies, or real estate agencies. The building features a spacious conference room and a kitchen, adding to its functionality. An additional 350 square feet of bonus space is located upstairs. The property is zoned O-2 for office use. With a price per square foot of $125.59, this presents a strong investment opportunity in a desirable South Oklahoma City location. The building's size and amenities make it an ideal space for a business seeking a well-maintained and functional office environment. This is a rare opportunity to acquire a ready-to-occupy office building in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $464,130

  6.5%

  $428,427

  7%

  $397,825

• Comparable approach

  Method

  Valuation

  Relative Method

  $430,144

  Geo Method

  $430,144

• Alternative Use

  Use

  Valuation

  Residential

  $531,250

  Hospitality

  $486,622

  Educational

  $404,864

  Medical

  $418,788

  Retail

  $629,788

Location Insight

City

Oklahoma City

County

Cleveland

State

Oklahoma

Latitude

35.3672

Longitude

-97.5485

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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