I-240 Frontage Property For
For Sale
Contact for pricing
613 W I-240 Service Rd, Oklahoma City, OK
Automotive and retail property with I-240 frontage.
Property Size17,900 SF
Lot Size4.95 Acres
Price / SF$212.29
Days on Market904
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:
Creek Price Edwards and Company - Oklahoma City
(405) 843-7474
Listed By:
Andrew Holder
(580) 430-5124
Source:
Moodyscre
Added: Apr 30, 2024
Changed: Oct 14
Last Checked: Oct 19 at 8:54AM
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 Creek Price Edwards and Company - Oklahoma City
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 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,823
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,176,460
$2.2M
Cap Rate 7%
$1,554,614
$1.6M
Cap Rate 9%
$1,209,144
$1.2M
Market Conditions
NOI Build-Up for 17,900 SF
Gross rent
$161.1K $9.00/SF
− Vacancy
−$5.6K −$0.32/SF
EGI
$155.5K $8.69/SF
− OpEx
−$46.6K −$2.61/SF
NOI
$108.8K $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%
$2,176,460
Cap Rate 7%
$1,554,614
Cap Rate 9%
$1,209,144
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,927
Businesses Nearby
32k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Hotels & Casinos 31%
Dining 16%
Sheraton Hotels & Resorts
Hotels & Casinos
9,981 visits/mo
0.4 miles
Chase Bank
Shops & Services
9,559 visits/mo
0.3 miles
Jimmy's Egg
Dining
5,016 visits/mo
0.4 miles
Shell
Shops & Services
4,893 visits/mo
0.3 miles
Communication Federal Credit Union
Shops & Services
2,297 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Similar Off Market Nearby
- 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
- Blumenthal Companies — 605 S Walker Ave, Oklahoma City, OK 73109
Frequently Asked Questions
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
