Self-Service Car Wash with Detail
For Sale
$600,000
1102 E 1st Street, Chandler, OK 74834
Commercial Sale, Chandler, OK
Property Size5,373 SF
Lot Size1.43 Acres
Price / SF$111.67
Days on Market177
Property Features for 1102 E 1st Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
located right on Hwy 66 on East side of Chandler
Standard status
Active
APN
1102E1st74834
Size
5,373 SF
Lot size
1.43 Acres
Building Details
Year built
1997
Listing Agency:
RE/MAX Realty Plus Inc · RE/MAX International
(405) 258-0857
Listed By:
Amy Miller · License #154260
(405) 240-6168
Added: Feb 24
Changed: Aug 19
Last Checked: Aug 20 at 12:06PM
MLS# 1214059
Copyright © 2026 MLSOK, 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 commercial car wash property includes four self-serve bays and two automatic wash bays, creating a mix of customer service options. The improvements total 5,373 square feet on 1.43 acres and include a fully operational 30-by-70-foot detail shop.
Built in 1997, the property fronts Highway 66 and is positioned for both local and highway traffic. Its Chandler address places the operation within Lincoln County, Oklahoma, while the commercial zoning supports its existing automotive-oriented use.
Built in 1997, the property fronts Highway 66 and is positioned for both local and highway traffic. Its Chandler address places the operation within Lincoln County, Oklahoma, while the commercial zoning supports its existing automotive-oriented use.
Key Highlights
- Four self‑serve wash bays and two automatic wash bays
- Fully operational 30X70 detail shop
- 5,373 square feet of improvements on 1.43 acres
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
1
Service bays
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
60k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 39%
OnCue Express
Shops & Services
12,972 visits/mo
0.5 miles
McDonald's
Dining
11,149 visits/mo
0.4 miles
Phillips 66
Shops & Services
8,552 visits/mo
0.5 miles
Dollar General
Shops & Services
6,291 visits/mo
0.2 miles
SONIC Drive In
Dining
5,265 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?
Car wash - Commercially zoned property combines multiple wash formats with an operating detail shop.
Where is this car wash located?
The property is located at 1102 E 1st Street 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 and two automatic wash bays; Fully operational 30X70 detail shop; 5,373 square feet of improvements on 1.43 acres
