Automotive Shop and Expansion
For Sale
$375,000
1307 N Wood Drive, Okmulgee, OK 74447
1998-built metal shop plus five lots with approximately 270 feet of Highway 75 frontage across from Love's.
Property Size2,400 SF
Days on Market144
Property Features for 1307 N Wood Drive
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Zoning
UC
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$194
Building Details
Building Size
2,400 SF
Year Built
1998
Stories
1
Construction
metal
Listing Agency:
Realty One Group Dreamers
(918) 340-4361
Listed By:
Baharak Ranjbar · License #147259
(918) 340-4361
Source:
Theloveteamoklahoma
Added: Apr 2
Changed: Aug 23
Last Checked: Aug 23 at 6:23AM
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
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
Lease Details
Yes
Highway access
Yes
Paved road access
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
- 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
Frequently Asked Questions
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 Drive 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
