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111 Sequoyah Ln 11,550 SF 100% Leased Office Building Altus, OK 73521 $587,941 CAD ($50.90 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$79,960
|
$6.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$79,960
|
$6.92
|
| Taxes |
-
|
-
|
| Operating Expenses |
$60,122
|
$5.21
|
| Total Expenses |
$60,122
|
$5.21
|
| Net Operating Income |
$19,838
|
$1.72
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $79,960 |
| Annual Per SF | $6.92 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $79,960 |
| Annual Per SF | $6.92 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $60,122 |
| Annual Per SF | $5.21 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $60,122 |
| Annual Per SF | $5.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $19,838 |
| Annual Per SF | $1.72 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,550 SF
Building Class
C
Year Built
1980
Price
$587,941 CAD
Price Per SF
$50.90 CAD
Cap Rate
3.39%
NOI
$19,906 CAD
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 | $76,402 CAD (2025) |
| Land Assessment | $10,274 CAD (2025) | Annual Taxes | $0 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $66,128 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0022-07-002-020-0-007-00
Land Assessment
$10,274 CAD (2025)
Improvements Assessment
$66,128 CAD (2025)
Total Assessment
$76,402 CAD (2025)
Annual Taxes
$0 CAD ($0.00 CAD/SF)
Tax Year
2024
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111 Sequoyah Ln
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