Auto Repair Shop with Drive-Through
For Sale
$379,500
627 S 32nd Street, Muskogee, OK 74401
Commercial, Muskogee, OK
Property Size2,310 SF
Lot Size0.36 Acres
Price / SF$164.29
Days on Market176
Property Features for 627 S 32nd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
E1
Exterior features
Pole Sign
Subdivision
Elmwood Place
Elementary school district
Muskogee - Sch Dist (K5)
Middle school district
Muskogee - Sch Dist (K5)
High school district
Muskogee - Sch Dist (K5)
Directions
From Highway 69 (32nd Street) in Muskogee & West Okmulgee, go South on Hwy 69 to property on your right (south) side of road. Property sits just before the intersection of Hwy 69 & Arline.
Standard status
Active
APN
510012231
Size
2,310 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 7 BLOCK 2 Elmwood Place
Tax Annual Amount
3169
Legal Description
LOT 7 BLOCK 2 Elmwood Place
Utilities
Heating system
Space Heater
Building Details
Year built
1984
Flooring type
Concrete
Building materials
Brick
Roof type
Metal
Listing Agency:
Interstate Properties, Inc.
(918) 682-1119
Listed By:
Earnie Gilder · License #45081
(918) 781-9197
Added: Mar 18
Changed: Sep 2
Last Checked: Sep 9 at 1:06AM
MLS# 2609690
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,310-square-foot automotive service property includes a functioning oil-change and repair operation. The building provides two drive-through service bays with undercarriage access, plus two overhead doors at the south end for additional vehicle work or detailing. A vehicle lift is installed within the larger work area, and the sale includes the existing equipment. Brick construction, concrete flooring, a metal roof, space-heater service, and a pole sign are also present.
The 0.357-acre parcel carries E1 zoning and offers 140 feet of frontage along Hwy 69 at 627 S 32nd Street in Muskogee, Oklahoma. The facility was built in 1984 and is positioned along a north-south travel corridor through the city.
The 0.357-acre parcel carries E1 zoning and offers 140 feet of frontage along Hwy 69 at 627 S 32nd Street in Muskogee, Oklahoma. The facility was built in 1984 and is positioned along a north-south travel corridor through the city.
Key Highlights
- 2,310 SF automotive service building on a 0.357‑acre parcel
- 140 ft frontage along Hwy 69 in Muskogee
- Two drive thru bays with undercarriage access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,624
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$472,480
$472.5K
Cap Rate 7%
$337,486
$337.5K
Cap Rate 9%
$262,489
$262.5K
Market Conditions
NOI Build-Up for 2,310 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.7K $15.00/SF
− Vacancy
−$901 −$0.39/SF
EGI
$33.7K $14.61/SF
− OpEx
−$10.1K −$4.38/SF
NOI
$23.6K $10.23/SF
Area
Muskogee County, OK
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$472,480
Cap Rate 7%
$337,486
Cap Rate 9%
$262,489
Alternative Uses
Best Use
Retail
$337.5K
$295.3K – $393.7K
NOI $23,624 @ 7.0% cap · market cap 6.23%
Second Best
Industrial
$165.8K
$145.1K – $193.4K
NOI $11,604 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$483.5K
$423.1K – $564.1K
NOI $33,845 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
100k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 20%
Hotels & Casinos 1%
McDonald's
Dining
27,332 visits/mo
0.5 miles
Braum's Ice Cream & Dairy Stores
Dining
26,536 visits/mo
0.1 miles
Casey's
Shops & Services
20,147 visits/mo
0.1 miles
Wendy's
Dining
13,430 visits/mo
0.3 miles
Arby's
Dining
7,747 visits/mo
0.2 miles
Demographics for 74401, OK
16,181
Population
7,818
Households
2.1
Avg Household Size
40
Median Age
16%
College-Educated
85%
High-School Grad
110.9 sq mi
ZIP Area
146
Density / Sq Mi
$39,767
Median Household Income
$32,700
Median Earnings
$827
Median Rent
$122,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Crowder Auto Glass — 1109 S 23rd St, Muskogee, OK 74401
- GUARDIAN INTERLOCK OF MUSKOGEE — 806 S 32nd St, Muskogee, OK 74401
- Legendary Lube and Oil — 627 S 32nd St, Muskogee, OK 74401
- EM Express Tire Shop LLC #2 — 500 S 32nd St, Muskogee, OK 74401
Frequently Asked Questions
What type of property is this?
Auto shop - Operational service facility with included equipment, overhead doors, and a vehicle lift.
Where is this auto shop located?
The property is located at 627 S 32nd Street Muskogee, OK.
What is the asking price?
The asking price for this property is $379,500.
What are key features of this property?
This property features: 2,310 SF automotive service building on a 0.357‑acre parcel; 140 ft frontage along Hwy 69 in Muskogee; Two drive thru bays with undercarriage access
