Metal Auto Shop with Expansion
For Sale
$375,000
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$156.25
Days on Market44
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
(918) 340-4361
Listed By:
Baharak Ranjbar · License #147259
Source:
Alloverok
Added: Jul 20
Changed: Aug 30
Last Checked: Aug 25 at 3:55AM
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.
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 = 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
$26,531
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
7.07%
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%
$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
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
$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 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%
$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 7.07%
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 authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $375,000.
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
