Six-Bay Self-Service Car
For Sale
$600,000
1102 E 1st St, Chandler, OK 74834
Self-serve and automatic wash options are complemented by a fully operational detailing facility.
Property Size5,373 SF
Price / SF$111.67
Days on Market25
Property Features for 1102 E 1st St
General Information
Standard status
Active
Size
5,373 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Car Wash Bays
6
Building Details
Year Built
1997
Listing Agency:
RE/MAX Realty Plus Inc
(405) 240-6168
Listed By:
Amy Miller · License #154260
Source:
Alloverok
Added: Aug 5
Changed: Aug 28
Last Checked: Aug 28 at 9:10PM
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 RE/MAX Realty Plus Inc
Investment Insights
Based on property information with market context.
This self-service car wash includes four self-serve bays and two automatic wash bays, providing multiple service formats within one operating property. A fully operational 30X70 detail shop adds a dedicated space for detailing services. The facility was built in 1997.
The property fronts Hwy 66 at 1102 E 1st St in Chandler, Oklahoma, providing direct exposure to highway traffic and convenient access from the roadway. Its combination of wash bays and detailing space supports both exterior washing and vehicle-care services at the same location.
The property fronts Hwy 66 at 1102 E 1st St in Chandler, Oklahoma, providing direct exposure to highway traffic and convenient access from the roadway. Its combination of wash bays and detailing space supports both exterior washing and vehicle-care services at the same location.
Key Highlights
- Four self‑serve wash bays
- Two automatic wash bays
- Fully operational 30X70 detail shop
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
$53,596
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
8.93%
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%
$1,071,920
$1.1M
Cap Rate 7%
$765,657
$765.7K
Cap Rate 9%
$595,511
$595.5K
Market Conditions
NOI Build-Up for 5,373 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
$80.6K $15.00/SF
− Vacancy
−$4.0K −$0.75/SF
EGI
$76.6K $14.25/SF
− OpEx
−$23.0K −$4.27/SF
NOI
$53.6K $9.98/SF
Area
Lincoln County, OK
Vacancy
5.00%
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%
$1,071,920
Cap Rate 7%
$765,657
Cap Rate 9%
$595,511
Alternative Uses
Best Use
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $90,911 @ 7.0% cap · market cap 15.15%
Second Best
Retail
$765.7K
$670.0K – $893.3K
NOI $53,596 @ 7.0% cap · market cap 8.93%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
46k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 26%
OnCue Express
Shops & Services
12,972 visits/mo
0.3 miles
Phillips 66
Shops & Services
8,552 visits/mo
0.3 miles
Dollar General
Shops & Services
6,291 visits/mo
0.3 miles
SONIC Drive In
Dining
5,265 visits/mo
0.1 miles
Taco Mayo
Dining
3,819 visits/mo
0.3 miles
Demographics for 74834, OK
7,011
Population
3,203
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
90%
High-School Grad
178.6 sq mi
ZIP Area
39
Density / Sq Mi
$59,436
Median Household Income
$40,747
Median Earnings
$798
Median Rent
$180,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self service car wash - Self-serve and automatic wash options are complemented by a fully operational detailing facility.
Where is this self service car wash located?
The property is located at 1102 E 1st St Chandler, OK.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four self‑serve wash bays; Two automatic wash bays; Fully operational 30X70 detail shop
