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    102 W Broadway Ave. Duke OK 73532 Duke, OK 73532

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    For Sale
    $650,000

    Large metal building on Highway 62 suitable for truck service.

    Type:Special Purpose / Other
    Property size:
    10,000 SF
    Added:
    Sep 25, 2025
    Days on Market:
    198
    Last Refresh:
    Apr 5 at 8:19 pm

    Property Features for 102 W Broadway Ave. Duke OK 73532

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Property subtype
    Special Purpose / Other

    Building Details

    Year Built
    2016

    We can help!

    Listing Contact
    Jill Graumann
    Jill Graumann

    Listing agent Jill Graumann License #048348

    Listing office RE/MAX

    Listing date Sep 25, 2025

    Source Remaxcommercial

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX

    Overview

    Highway 62 Truck Repair Facility

    This property features a metal building exceeding 10,000 square feet, situated on a large lot along Highway 62. The building is designed to accommodate heavy truck and trailer repair, with high semi-truck traffic in the area. The main floor provides a workspace with concrete flooring, along with a large loft suitable for storage or operations. The shop includes three drive-through bays, each equipped with overhead doors on both ends to accommodate a full semi-tractor and 53-foot trailer. One bay features 14-foot by 14-foot doors, while the other two have 14-foot by 12-foot doors. Interior spaces include a breakroom, bathroom, office, parts room, and upstairs storage. The facility is equipped with high-bay lights, two natural gas heaters, a waste oil burner, a 20-foot macro air fan, a shop tech wash station, and an exhaust fan. The breakroom and office have independent HVAC systems. Security features include coded access doors and an interior/exterior camera system. Currently operating as a heavy truck and trailer repair shop, the facility handles services ranging from minor repairs to major overhauls, tire repair, and metal fabrication. The property provides ample parking, storage, and expansion potential. It is suitable for truck service, industrial operations, or any large-scale business requiring ample space and semi-truck access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Decisive Truck Repair Auto Repair Shop

    Suggested Use

    Spa & Massage Center Dental Office Hair Salon Auto Repair Shop Nail Salon Department Store Storage Facility Furniture & Home Goods Grocery & Convenience Store Pet Store & Service

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Decisive Truck Repair — 102 Broadway Ave, Duke, OK 73532
    • The Station — 200 2nd St, Duke, OK 73532

    Location Insight

    • Map
    • Local Demand
    City
    Duke
    County
    Jackson
    State
    Oklahoma
    Longitude
    -99.5702
    Latitude
    34.6639

    FAQs

    What type of property is this?
    Auto shop - Large metal building on Highway 62 suitable for truck service.
    Where is this auto shop located?
    The property is located at 102 W Broadway Ave. Duke OK 73532 Duke, OK.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Prime Hwy 62 location with high visibility and heavy semi‑truck traffic.; Large 10,000+ sq. ft. metal building suitable for heavy truck and trailer repair.; Three drive‑through bays with overhead doors accommodating a full semi tractor and 53’ trailer.
    (580) 482-3000
    We can help!
    Listing Contact
    Jill Graumann
    Jill Graumann
    Real Estate License ID: 048348
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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