208 S Air Depot Blvd, Midwest City, OK 73110
Operating car wash in developing area with highway access.
- Added:
- Nov 22, 2023
- Days on Market:
- 948
- Last Refresh:
- Mar 16 at 12:58 pm
Property Features for 208 S Air Depot Blvd
General Information
- Standard status
- Active
- Size
- 7,825 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1984
Listing office LaGree Associates
Listing date Nov 22, 2023
Source Crexi
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 LaGree Associates
HighLights
- Located in a developing area of Midwest City with great access to I‑40 and I‑35.
- Low‑competition area for the car wash market.
- Equipped with wash systems from Wash Systems of Texas, Sherman, Unimac, Spencer, & CarTrol.
- Includes a large electronic signage system.
- Located near many popular restaurants and retail outlets.
- Built in 1984.
Overview
Local 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 | $130.5k | $16.68 |
| − Vacancy | −$12.5k | −$1.60 |
| EGI | $118.0k | $15.08 |
| − OpEx | −$35.4k | −$4.52 |
| NOI | $82.6k | $10.56 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Midwest City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.405204
- Latitude
- 35.465728
