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111 Sequoyah Ln 11,550 SF 100% Leased Office Building Altus, OK 73521 $539,572 CAD ($46.72 CAD/SF) 3.60% 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 |
$77,968
|
$6.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$77,968
|
$6.75
|
| Taxes |
-
|
-
|
| Operating Expenses |
$58,624
|
$5.08
|
| Total Expenses |
$58,624
|
$5.08
|
| Net Operating Income |
$19,344
|
$1.67
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $77,968 |
| Annual Per SF | $6.75 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $77,968 |
| Annual Per SF | $6.75 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $58,624 |
| Annual Per SF | $5.08 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $58,624 |
| Annual Per SF | $5.08 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $19,344 |
| Annual Per SF | $1.67 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,550 SF
Building Class
C
Year Built
1980
Price
$539,572 CAD
Price Per SF
$46.72 CAD
Cap Rate
3.60%
NOI
$19,410 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 | $75,038 CAD (2025) |
| Land Assessment | $10,091 CAD (2025) | Annual Taxes | $0 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $64,947 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
0022-07-002-020-0-007-00
Land Assessment
$10,091 CAD (2025)
Improvements Assessment
$64,947 CAD (2025)
Total Assessment
$75,038 CAD (2025)
Annual Taxes
$0 CAD ($0.00 CAD/SF)
Tax Year
2024
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111 Sequoyah Ln
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