Highway Frontage Commercial
1608 E State Highway 152 Mustang, OK 73064
For Sale
$575,000
3,000 SF building on 1/2 acre with highway frontage.
Property Size3,000 SF
Lot Size0.56 Acres
Price / SF$191.67
Days on Market769
Property Features for 1608 E State Highway 152
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.56 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1984
Listing Agency:
1st United Okla, REALTORS
(405) 919-7457
Listed By:
Diane Denison · License #57322
(405) 919-7457
Source:
Exitrealty
Added: Jun 18, 2024
Changed: Jul 6
Last Checked: Jul 26 at 7:24AM
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 1st United Okla, REALTORS
Investment Insights
Based on property information with market context.
This property features a 3,000 square foot building situated on approximately 0.5 acres with frontage on Highway 152. The concrete parking lot provides ample space. The building includes a recently updated reception area, office, kitchenette, and bathroom. The shop area is equipped with two overhead doors, one measuring 10x9 and the other 10x12, both with openers, as well as an air compressor. The property has 3-phase electric service. According to the City of Mustang, the property is currently zoned C-5. The site is serviced by city water and a septic system. The property is fully fenced and offers ample parking behind a gate. A storage container located in the back of the property will remain. The property is located near the intersection of Morgan Road and Highway 152. The property was previously used as a towing company. The seller is selling the property AS IS.
Key Highlights
- Highway 152 Frontage near Morgan Rd intersection
- 3,000sf Building with Updated Reception Area, Office, Kitchenette, and Bathroom
- Zoned C‑5 (per City of Mustang)
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 | $43.2k | $14.40 |
| − Vacancy | −$1.8k | −$0.60 |
| EGI | $41.4k | $13.80 |
| − OpEx | −$12.4k | −$4.14 |
| NOI | $29.0k | $9.66 |
3,000 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$413.9K
$362.1K – $482.8K
NOI $28,970 @ 7.0% cap · market cap 5.04%
Second Best
Industrial
$266.1K
$232.9K – $310.5K
NOI $18,628 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$653.2K
$571.6K – $762.1K
NOI $45,725 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mustang Wrecker Service ...
Auto Repair Shop
Similar Off Market Nearby
- Odie's Paint & Collision — 1200 E State Hwy 152, Mustang, OK 73064
- Mustang Automotive — 1600 E State Hwy 152, Mustang, OK 73064
- Auto Logic — 1039 east thunderbird ln, mustang, ok 73064
- Extremepdrok — 1200 E State Hwy 152, Newcastle, OK 73065
- Auto Logic Collision and Hail Repair — 1039 E Thunderbird Ln, Mustang, OK 73064
FAQs
What type of property is this?
Auto shop - 3,000 SF building on 1/2 acre with highway frontage.
Where is this auto shop located?
The property is located at 1608 E State Highway 152 Mustang, OK.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Highway 152 Frontage near Morgan Rd intersection; 3,000sf Building with **Updated Reception Area, Office, Kitchenette, and Bathroom**; Zoned C‑5 (per City of Mustang)
