Well-Equipped Carwash on Highway
For Sale
$280,000
700 W Cherokee Street, Wagoner, OK 74467
Carwash with 6 bays, automatic bay, and vacuums.
Property Size2,622 SF
Lot Size0.55 Acres
Price / SF$106.79
Days on Market617
Property Features for 700 W Cherokee Street
General Information
Standard status
Active
Size
2,622 SF
Lot size
0.55 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1982
Listing Agency:
Realty One Group Dreamers
(918) 906-5987
Listed By:
Jimmy Martin Jr · License #202695
(918) 906-5987
Source:
Exitrealty
Added: Nov 27, 2024
Changed: Jul 6
Last Checked: Aug 6 at 3:30AM
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 Realty One Group Dreamers
Investment Insights
Based on property information with market context.
This commercial property is a well-equipped carwash facility. It features 150 feet of highway frontage. The carwash includes 6 bays, one of which is an automatic bay. Additionally, the property is equipped with three high-performance commercial vacuums. The property size is 2,622 square feet. This property is positioned as an investment opportunity.
Key Highlights
- High‑traffic location with 150 feet of highway frontage.
- Lucrative investment opportunity for entrepreneurs.
- Six bays**, including one automatic bay.
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 | $18.6k | $7.08 |
| − Vacancy | −$557 | −$0.21 |
| EGI | $18.0k | $6.87 |
| − OpEx | −$5.4k | −$2.06 |
| NOI | $12.6k | $4.81 |
2,622 SF · lease $7.08/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$420.7K
$368.1K – $490.8K
NOI $29,450 @ 7.0% cap · market cap 10.52%
Second Best
Retail
$414.1K
$362.3K – $483.1K
NOI $28,985 @ 7.0% cap · market cap 10.35%
Theoretical Best
Office A
$618.5K
$541.2K – $721.6K
NOI $43,294 @ 7.0% cap · market cap 15.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,999 visits/mo
0.3 miles
AutoZone
Shops & Services
2,401 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
1,947 visits/mo
0.3 miles
Demographics for 74467, OK
13,981
Population
6,826
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
88%
High-School Grad
154.1 sq mi
ZIP Area
91
Density / Sq Mi
$58,398
Median Household Income
$39,350
Median Earnings
$852
Median Rent
$149,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Carwash with 6 bays, automatic bay, and vacuums.
Where is this car wash located?
The property is located at 700 W Cherokee Street Wagoner, OK.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: High‑traffic location with **150 feet of highway frontage**.; Lucrative investment opportunity for entrepreneurs.; Six bays**, including one automatic bay.
