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    Ringwood Truck Maintenance Facility Title is generated by Realmo AI

    110 W Twelfth St, Ringwood, OK

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    Drive-through truck maintenance facility on 6 acres in Ringwood, OK.

    Type:INDUSTRIAL
    Property size:
    11,770 SF
    Lot size:
    6.00 Acres
    Price / SF:
    $16/SF
    Added:
    Apr 22, 2025
    Days on Market:
    413
    Last Refresh:
    May 20 at 9:31 pm

    Property Features for 110 W Twelfth St

    General Information

    Standard status
    Active
    Size
    11,770 SF
    Lot size
    6.00 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 110 W Twelfth St Contact us

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    Listing Contact
    John Jinks
    John Jinks

    Listing agent John Jinks License #0578726

    Listing office Formation Real Estate, LLC

    Listing date Apr 22, 2025

    Source Moodyscre

    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 Formation Real Estate, LLC

    HighLights

    • Drive‑through truck and equipment maintenance facility on a fully graveled 6‑acre yard.
    • Excellent highway frontage on Hwy 58 with multiple access points.
    • Two office/warehouse buildings totaling over 11,770 SF with over 2,000 SF of office space and (9) OH truck doors.
    • Includes an exterior truck wash pit and fuel tank storage.
    • Main building features (5) OH truck doors (14’ tall) and (2) drive‑through bays.
    • Conveniently located less than 2 hours from Oklahoma City and 30 minutes from Enid.

    Overview

    This drive-through truck and equipment maintenance facility is situated on a fully graveled 6-acre yard along the main highway in Ringwood, Oklahoma. The property includes two office/warehouse buildings, totaling 11,770 square feet, and features over 2,000 square feet of office space. There are a total of nine overhead truck doors. The site is served by water wells and includes an exterior truck wash pit, fuel tank storage, and pylon signage along the highway. Multiple driveways provide access on Highway 58 and West 12th Street. The location is just under a 2-hour drive from Oklahoma City and a 30-minute drive from Enid. The main building is 6,182 square feet, including 1,982 square feet of office space, and has a 60’ x 70’ warehouse area. It features five overhead truck doors that are 14 feet tall and two drive-through bays. The rear building is 5,588 square feet, including a small office, and has four overhead truck doors. Additional features include well houses, an exterior truck wash lane, 1,066 square feet of covered storage, and pylon signage. The property has frontage on the north/south Highway 58, just south of the major east/west US Highway 412.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hamm & Phillips Services ... Oilfield

    Map

    City
    Ringwood
    County
    Major
    State
    Oklahoma
    Longitude
    -98.3036
    Latitude
    36.3721

    FAQs

    What type of property is this?
    Warehouse - Drive-through truck maintenance facility on 6 acres in Ringwood, OK.
    Where is this warehouse located?
    The property is located at 110 W Twelfth St Ringwood, OK.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Drive‑through truck and equipment maintenance facility on a fully graveled 6‑acre yard.; Excellent highway frontage on Hwy 58 with multiple access points.; Two office/warehouse buildings totaling over 11,770 SF with over 2,000 SF of office space and (9) OH truck doors.
    (512) 791-7329 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Jinks
    John Jinks
    Real Estate License ID: 0578726
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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.

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