I-240 Frontage Property For
613 W I-240 Service Rd Oklahoma City, OK
613 W I-240 Service Rd, Oklahoma City, OK, 00000
Contact for pricing
For Sale
Contact for pricing
Automotive and retail property with I-240 frontage.
Property Size17,900 SF
Lot Size4.95 Acres
Price / SF$212.29
Days on Market812
Property Features for 613 W I-240 Service Rd
General Information
- Standard status
- Active
- Size
- 17,900 SF
- Lot size
- 4.95 Acres
- Property subtype
- RETAIL
Listing Agency
Price Edwards and Company - Oklahoma City
(580) 430-5124
Listed by
Andrew Holder
(580) 430-5124
Source
Moodyscre
Added: Apr 30, 2024 Checked: Jul 19 at 5:31 am
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 Price Edwards and Company - Oklahoma City
Investment Insights
Based on property information with market context.
This property features frontage on I-240 and is zoned C-3. It includes a 6,000 square foot office/showroom and an 11,900 square foot maintenance shop. The property occupies 4.95 acres, offering potential for various automotive and retail uses.
Key Highlights
- I‑240 Frontage
- Boasting 4.95 Acres
- C‑3 Zoning
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $161.1k | $9.00 |
| − Vacancy | −$5.6k | −$0.32 |
| EGI | $155.5k | $8.69 |
| − OpEx | −$46.6k | −$2.61 |
| NOI | $108.8k | $6.08 |
17,900 SF · lease $9.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.05M
$4.42M – $5.89M
NOI $353,346 @ 7.0% cap · market cap 9.30%
Second Best
Industrial
$1.55M
$1.36M – $1.81M
NOI $108,823 @ 7.0% cap · market cap 2.86%
Theoretical Best
Specialty Retail
$6.12M
$5.36M – $7.14M
NOI $428,526 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Blumenthal Companies — 605 S Walker Ave, Oklahoma City, OK 73109
- Seven Sons Truck and Trailer Repair — 908 SW 5th St, Oklahoma City, OK 73109
- Lightning Towing Service — 924 SW 5th St, Oklahoma City, OK 73109
- Okc Truck Repair — 913 SW 4th St, Oklahoma City, OK 73109
- Blumenthal Heavy Duty Inc — 504 sw 4th st, oklahoma city, ok 73109
FAQs
What type of property is this?
Auto shop - Automotive and retail property with I-240 frontage.
Where is this auto shop located?
The property is located at 613 W I-240 Service Rd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: I‑240 Frontage; Boasting 4.95 Acres; C‑3 Zoning
