Car Wash on I-2-Zoned
1023 Southeast 29th Street, Oklahoma City, OK 73129
For Sale
Contact for pricing
The existing facility may continue operating as a wash or be considered for shop, service, or other industrial use.
Property Size2,982 SF
Lot Size1.74 Acres
Price / SF$127.43
Days on Market22
Property Features for 1023 Southeast 29th Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Traffic Count
Highway Access
Road Access
Additional Details
Opportunity Zone
Automotive Uses
Real Estate Included
Building Details
Year Built
Listing Agency:
Mercer Company
Listed By:
Tucker Cason
(405) 323-8508
Source:
Crexi
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 8 at 4:10PM
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 Mercer Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Oklahoma City car wash occupies a 1.74-acre site and contains 2,982 square feet. Built in 2006, the property is zoned I-2 and lies within an Opportunity Zone. The existing use can continue, while the property information also identifies shop, service, and other industrial uses as potential alternatives.
The site fronts SE 29th Street, where traffic is reported at about 10,000 cars per day. It is near I-35 and downtown Oklahoma City.
The site fronts SE 29th Street, where traffic is reported at about 10,000 cars per day. It is near I-35 and downtown Oklahoma City.
Key Highlights
- 2,982‑square‑foot car wash on 1.74 acres
- Built in 2006
- I‑2 zoning; located in an Opportunity Zone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,129
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,580
$362.6K
Cap Rate 7%
$258,986
$259.0K
Cap Rate 9%
$201,433
$201.4K
Market Conditions
NOI Build-Up for 2,982 SF
Gross rent
$26.8K $9.00/SF
− Vacancy
−$939 −$0.32/SF
EGI
$25.9K $8.69/SF
− OpEx
−$7.8K −$2.61/SF
NOI
$18.1K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,580
Cap Rate 7%
$258,986
Cap Rate 9%
$201,433
Alternative Uses
Best Use
Specialty Retail
$1.02M
$892.4K – $1.19M
NOI $71,389 @ 7.0% cap · market cap 18.79%
Second Best
Retail
$840.9K
$735.8K – $981.1K
NOI $58,865 @ 7.0% cap · market cap 15.49%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
10,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Groceries 25%
Electronics 7%
Tinker Federal Credit Union
Shops & Services
9,420 visits/mo
0.4 miles
7-Eleven
Shops & Services
8,813 visits/mo
0.4 miles
La Michoacana Meat Market
Groceries
7,926 visits/mo
0.2 miles
Arvest Bank
Shops & Services
3,695 visits/mo
0.3 miles
Cricket Wireless Authorized Retailer
Electronics
1,519 visits/mo
0.1 miles
Demographics for 73129, OK
19,971
Population
7,569
Households
2.6
Avg Household Size
31
Median Age
6%
College-Educated
67%
High-School Grad
12.5 sq mi
ZIP Area
1,598
Density / Sq Mi
$43,941
Median Household Income
$28,481
Median Earnings
$914
Median Rent
$76,400
Median Home Value
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Frequently Asked Questions
What type of property is this?
Car wash - The existing facility may continue operating as a wash or be considered for shop, service, or other industrial use.
Where is this car wash located?
The property is located at 1023 Southeast 29th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 2,982‑square‑foot car wash on 1.74 acres; Built in 2006; I‑2 zoning; located in an Opportunity Zone
