Turnkey Laundromat Business For
For Sale
Contact for pricing
110 E Main St Ringling, Wilson, OK 73463
Profitable laundromat with two buildings and established income stream.
Property Size1,200 SF
Price / SF$165.83
Days on Market473
Property Features for 110 E Main St Ringling
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Business for Sale
Investment Type
Owner/User
Building Details
Buildings
2
Tenancy
Single
Listing Agency:
Turner Land Company
(580) 465-3571
Listed By:
Michael Faulkner · License #135917
Source:
Crexi
Added: May 7, 2025
Changed: Aug 8
Last Checked: Aug 8 at 2:56PM
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 Turner Land Company
Investment Insights
Based on property information with market context.
Located on Main Street in Ringling, OK, The Laundry Basket is a fully operational laundromat business for sale. The property includes two buildings. The main building houses a 1,200 sq ft laundromat equipped with commercial-grade laundry equipment. The laundromat includes two 40-pound washers, one 30-pound washer, eight 22-pound washers, two top-load 20-pound washers, and twelve 30-pound natural gas dryers. A commercial-grade 119-gallon hot water heater supports the operation. Additional amenities include a bill changer, dual vending machine, and four laundry carts. The laundromat also features remote open/close access and 24/7 security camera monitoring. The second building is currently leased out for additional monthly rental income, but could be converted into additional laundry space, retail, or office use. The property's location on Main Street provides high visibility and proximity to other businesses and residences. The laundromat is designed for easy maintenance, with direct access to the back of the washers and dryers.
Key Highlights
- Profitable, Turnkey Laundromat with Established Income Stream
- Two Buildings Included: Laundromat and Rental Income Property
- Fully Equipped with Multiple Washers and Dryers
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,757
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$195,140
$195.1K
Cap Rate 7%
$139,386
$139.4K
Cap Rate 9%
$108,411
$108.4K
Market Conditions
NOI Build-Up for 1,200 SF
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.
Gross rent
$15.8K $13.20/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$13.9K $11.62/SF
− OpEx
−$4.2K −$3.48/SF
NOI
$9.8K $8.13/SF
Area
Carter County, OK
Vacancy
12.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$195,140
Cap Rate 7%
$139,386
Cap Rate 9%
$108,411
Alternative Uses
Best Use
Retail
$139.4K
$122.0K – $162.6K
NOI $9,757 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$307.7K
$269.3K – $359.0K
NOI $21,542 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 73463, OK
3,365
Population
1,709
Households
2
Avg Household Size
43
Median Age
11%
College-Educated
87%
High-School Grad
209.9 sq mi
ZIP Area
16
Density / Sq Mi
$56,372
Median Household Income
$42,538
Median Earnings
$783
Median Rent
$107,800
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?
Retail space - Profitable laundromat with two buildings and established income stream.
Where is this retail space located?
The property is located at 110 E Main St Ringling Wilson, OK.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Profitable, Turnkey Laundromat with Established Income Stream; Two Buildings Included: Laundromat and Rental Income Property; Fully Equipped with Multiple Washers and Dryers
