Automotive Shop and Expansion
1307 N Wood Dr Okmulgee, OK 74447
1307 N Wood Dr, Okmulgee, OK, 74447
$375,000
For Sale
$375,000
1998-built metal shop plus five lots with approximately 270 feet of Highway 75 frontage across from Love's.
Property Size2,400 SF
Price / SF$156.25
Days on Market112
Property Features for 1307 N Wood Dr
General Information
- Standard status
- Active
- Size
- 2,400 SF
Listing agency
Realty One Group Dreamers
(918) 340-4361
Listed by
Baharak Ranjbar · License #147259
(918) 340-4361
Source
Exprealty
Added: Apr 2 Updated: Jul 22 at 5:28AM Checked: Jul 22 at 5:28AM
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.
The property includes five lots and a 1998-built metal shop that was previously used as an automotive and tire shop. With the existing structure on site, there is room to expand, build another building, or add parking or food truck space.
The site has approximately 270 feet of Highway 75 frontage, positioned in a high-traffic area of Okmulgee. It is directly across from Love's, providing convenient visibility from the roadway.
The property is zoned Urban Commercial, supporting a range of commercial development options on the combined lots and existing improvements.
The site has approximately 270 feet of Highway 75 frontage, positioned in a high-traffic area of Okmulgee. It is directly across from Love's, providing convenient visibility from the roadway.
The property is zoned Urban Commercial, supporting a range of commercial development options on the combined lots and existing improvements.
Key Highlights
- 1998‑built metal shop previously used as an automotive/tire shop
- Includes 5 lots
- Approx. 270 ft of Hwy 75 frontage
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 | $40.3k | $16.80 |
| − Vacancy | −$2.4k | −$1.01 |
| EGI | $37.9k | $15.79 |
| − OpEx | −$11.4k | −$4.74 |
| NOI | $26.5k | $11.05 |
2,400 SF · lease $16.80/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$379.0K
$331.6K – $442.2K
NOI $26,531 @ 7.0% cap · market cap 7.07%
Second Best
Industrial
$164.8K
$144.2K – $192.3K
NOI $11,538 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$566.1K
$495.4K – $660.5K
NOI $39,629 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Villas Tire Shop 2 — 1032 S Wood Dr, Okmulgee, OK 74447
- Walmart Auto Care Centers — 1800 S Wood Dr, Okmulgee, OK 74447
- GFR Tire Shop #2 Service Center — 1706 S Wood Dr, Okmulgee, OK 74447
- Hinshaw Brothers Paint & Body — 300 W 20 St, Okmulgee, OK 74447
- Matt's work — 1001 E 20 St, Okmulgee, OK 74447
FAQs
What type of property is this?
Auto shop - 1998-built metal shop plus five lots with approximately 270 feet of Highway 75 frontage across from Love's.
Where is this auto shop located?
The property is located at 1307 N Wood Dr Okmulgee, OK.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1998‑built metal shop previously used as an automotive/tire shop; Includes 5 lots; Approx. 270 ft of Hwy 75 frontage
