OKC MAPS Economic Impact - Full Report

OKC MAPS PROJECTS – 25 YEARS

Figure 46. Market Value of Selected Bricktown Commercial Properties

Change in market value 2009-2017 $1,256,800

Taxable Market Value by Tax Year

Percent Change in Value

Property Address 12 E. California 15 E. California 19 E. California 29 E. California 100 E. California 101 E. California 105 E. California 108 E. California 111 E. California 115 E. California 116 E. California 413 E. California 100 E. Main 1 E. Sheridan 4 E. Sheridan 17 E. Sheridan 27 E. Sheridan 29 E. Sheridan 101 E. Sheridan 120 E. Sheridan 121 E. Sheridan 124 E. Sheridan 3 E. Main

Property Description

2000

2005

2009

2013

2017

2000-2017 2009-2017 2009-2013 2013-2017

Zio's

$322,150 259,700 540,250 623,800 1,300,000 158,450 299,700 129,950 189,100 188,450 68,250 229,300 335,950 399,150 391,110 559,000 531,550 426,300 769,300 1,116,100 1,055,650

$1,317,201 1,040,000

$1,317,201 1,040,000

$2,574,001 1,527,000 1,807,300 2,244,720 1,323,400 Combined 1,500,000 3,240,001 2,809,600 2,666,250 3,969,900 6,615,510 3,599,800 2,215,080 1,309,000 1,309,000 3,500,000 5,365,626 1,319,220 3,542,700 Exempt 857,500 857,500

$2,574,001 1,527,000 1,807,300 6,789,664 1,872,000 Combined 2,156,805 3,240,001 3,238,800 1,838,477 5,357,200 2,666,250 14,863,000 6,615,510 4,880,587 2,215,080 2,841,720 2,106,690 3,500,000 3,600,000 1,608,030 3,542,700 Exempt

699.0% 488.0% 234.5%

95.4% 46.8%

95.4% 46.8%

0.0% 0.0% 0.0%

Chileno's Mexican Restaurant Oklahoma Hardware, West Part

487,000

790,100

790,100

1,017,200

128.7%

128.7%

Univ. of Central Oklahoma

2,960,000 2,622,720 1,323,400 1,323,400 1,600,000 1,579,000 1,380,000 1,255,000 2,658,092 1,095,867 2,280,905 1,621,846 1,116,146 1,518,843 1,216,405

2,960,000 2,244,720 1,323,400 1,323,400 2,000,000 1,579,000 1,380,000 2,658,092 1,192,331 2,786,840 2,209,800 1,742,000 2,322,000 2,136,750 1,072,350 2,167,056 3,208,676 730,000

NA

NA

NA

NA

NA

Kingman Building Jim Brewer Building

4,544,944

422.3% 1081.4%

202.5%

0.0% 0.0%

202.5%

548,600

41.5%

41.5%

Dungeon

NA

NA

NA

NA

NA

Unoccupied

156,805

1559.7% 1613.4% 1618.7% 2593.7% 2236.3% 693.6% 3623.7% 1591.5% 337.3% 296.3% 434.6% 394.2% 355.0% 241.0% 197.8% 977.3%

7.8%

-25.0% 105.2% -37.9%

43.8%

Miller Jackson East Miller Jackson West Brickopolis Mini Golf

1,661,001 1,858,800 1,108,477 2,699,108 1,473,919 12,076,160 4,405,710 3,138,587 -106,920 704,970 1,034,340 1,332,944

105.2% 134.7% 151.8% 101.5% 123.6% 433.3% 199.4% 180.2%

0.0%

277.7% 114.4%

17.5%

Chevy Bricktown Event Center

5.7%

90.7%

Public Strategies Mideke Building

123.6%

0.0%

42.5%

274.4%

Candy Factory Lofts/Tenants Melting Pot/Multiple Tenants

199.4% 106.6%

0.0%

35.6%

Abuelo's

-4.6% 33.0% 96.5% 61.5% 12.2%

-4.6%

0.0%

Henry Hudson

-38.7% 22.1% 61.5% 67.2% 107.6%

117.1%

Bricktown Brewery Spaghetti Warehouse

696,941

60.9%

2,167,056 2,956,000

0.0%

Breeden Bldg

391,324 972,712

-32.9% 21.9%

Tapwerks Alehouse & Cafe

540,000 328,850

635,318

635,318

153.1%

West Restaurant/Painted Door Gift

1,120,000

1,805,062

1,737,638

96.3%

96.3%

0.0%

Total properties (23 properties)

$10,762,060 $36,274,240 $40,624,096 $54,153,108 $78,840,815 $38,216,719

632.6%

94.1%

33.3%

45.6%

Total -Time Consistent Series (22 properties ex. Exempt) $10,138,260 $33,314,240 $37,664,096 $54,153,108 $78,840,815 $42,500,119 677.7% 109.3% 43.8% 45.6%

Source: Oklahoma County Assessor - special tabulations and county property search web site at https://assessor.oklahomacounty.org. Notes: The time consistent series adjusts for exempt and combined properties to create a consistent comparative measure of total property value over time using 2017 as a base year. Properties labeled as combined are captured as a component of another listed property. Properties labeled as exempt were purchased by a tax-exempt entity and are no longer on the tax rolls.

80

Made with FlippingBook - professional solution for displaying marketing and sales documents online