Metal Auto Shop with Expansion
For Sale
$370,000
1307 N Wood Dr, Okmulgee, OK 74447
1998 metal building on five lots with Urban Commercial zoning and direct visibility from Highway 75.
Property Size2,400 SF
Price / SF$154.17
Days on Market89
Property Features for 1307 N Wood Dr
General Information
Standard status
Active
Size
2,400 SF
Building Details
Year Built
1998
Listing Agency:
Realty One Group Dreamers
Listed By:
Baharak Ranjbar · License #147259
(918) 340-4361
Source:
Alloverok
Added: Jul 20
Changed: Oct 1
Last Checked: Oct 15 at 12:36AM
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
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Investment Insights
Based on property information with market context.
This 2,400-square-foot metal shop was built in 1998 and previously operated as an automotive and tire facility. The property includes five lots, providing additional land around the existing building for future site changes or expansion.
With approximately 270 feet of Highway 75 frontage, the property offers a substantial roadside presence in Okmulgee. It is zoned Urban Commercial and sits directly across from Love’s. The site can accommodate potential additions such as another building, expanded parking, or food truck space, subject to applicable approvals.
With approximately 270 feet of Highway 75 frontage, the property offers a substantial roadside presence in Okmulgee. It is zoned Urban Commercial and sits directly across from Love’s. The site can accommodate potential additions such as another building, expanded parking, or food truck space, subject to applicable approvals.
Key Highlights
- 2,400‑square‑foot metal shop constructed in 1998
- Five lots included with the property
- Approximately 270 feet of Highway 75 frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,531
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,620
$530.6K
Cap Rate 7%
$379,014
$379.0K
Cap Rate 9%
$294,789
$294.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$40.3K $16.80/SF
− Vacancy
−$2.4K −$1.01/SF
EGI
$37.9K $15.79/SF
− OpEx
−$11.4K −$4.74/SF
NOI
$26.5K $11.05/SF
Area
Okmulgee County, OK
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,620
Cap Rate 7%
$379,014
Cap Rate 9%
$294,789
Alternative Uses
Best Use
Retail
$379.0K
$331.6K – $442.2K
NOI $26,531 @ 7.0% cap · market cap 7.17%
Second Best
Industrial
$164.8K
$144.2K – $192.3K
NOI $11,538 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$566.1K
$495.4K – $660.5K
NOI $39,629 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74447, OK
15,534
Population
7,295
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
231.8 sq mi
ZIP Area
67
Density / Sq Mi
$45,855
Median Household Income
$30,851
Median Earnings
$801
Median Rent
$101,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- 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
- Villas Tire Shop 2 — 1032 S Wood Dr, Okmulgee, OK 74447
Frequently Asked Questions
What type of property is this?
Auto shop - 1998 metal building on five lots with Urban Commercial zoning and direct visibility from Highway 75.
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 $370,000.
What are key features of this property?
This property features: 2,400‑square‑foot metal shop constructed in 1998; Five lots included with the property; Approximately 270 feet of Highway 75 frontage
