I-240 Frontage Car
613 West Interstate 240 Service Road Oklahoma City, OK 73139
For Sale
$3,950,000
Car dealership with showroom and maintenance shop on 4.95 acres.
Property Size17,900 SF
Lot Size4.95 Acres
Price / SF$220.67
Days on Market141
Property Features for 613 West Interstate 240 Service Road
General Information
- Standard status
- Active
- Size
- 17,900 SF
- Lot size
- 4.95 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1999
Listing Agency:
Price Edwards and Company - Oklahoma City
(405) 408-5449
Listed By:
Danny Rivera
(405) 408-5449
Source:
Tcnworldwide
Added: Mar 6
Changed: Jul 10
Last Checked: Jul 25 at 3:39AM
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, formerly a car dealership, presents a business opportunity with high visibility along the I-240 corridor in Oklahoma City. It features a 6,000 square foot office showroom and an 11,900 square foot maintenance shop, situated on a 4.95-acre lot. The location benefits from its position in a high-traffic area. The site offers potential for redevelopment with ample space for expansion. The property is zoned C-3 and has frontage on I-240.
Key Highlights
- High visibility location with I‑240 frontage in a high‑traffic area.
- Large 4.95‑acre lot offering ample space for redevelopment and expansion.
- Includes a 6,000 sf office/showroom and an 11,900 sf maintenance shop.
Financial Insights For Retail
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 | $537.0k | $30.00 |
| − Vacancy | −$32.2k | −$1.80 |
| EGI | $504.8k | $28.20 |
| − OpEx | −$151.4k | −$8.46 |
| NOI | $353.3k | $19.74 |
17,900 SF · lease $30.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.05M
$4.42M – $5.89M
NOI $353,346 @ 7.0% cap · market cap 8.95%
Second Best
Industrial
$1.55M
$1.36M – $1.81M
NOI $108,823 @ 7.0% cap · market cap 2.76%
Theoretical Best
Specialty Retail
$6.12M
$5.36M – $7.14M
NOI $428,526 @ 7.0% cap · market cap 10.85%
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 Off Market Nearby
- Precision Tune Auto Care — 8000 S Western Ave, Oklahoma City, OK 73139
- Honda Service Center — 1030 W I-240 Service Road, Oklahoma City, OK 73139
- American Glass Co — 8003 S Western Ave, Oklahoma City, OK 73139
- Chevrolet Service — 614 w interstate 240 service rd, oklahoma city, ok 73139
- David Stanley Chevrolet — W I- 240 Srv Rd, Oklahoma City, OK 73139, United States
FAQs
What type of property is this?
Auto shop - Car dealership with showroom and maintenance shop on 4.95 acres.
Where is this auto shop located?
The property is located at 613 West Interstate 240 Service Road Oklahoma City, OK.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: High visibility location with I‑240 frontage in a high‑traffic area.; Large 4.95‑acre lot offering ample space for redevelopment and expansion.; Includes a 6,000 sf office/showroom and an 11,900 sf maintenance shop.
