Car Wash with Touchless
New
For Sale
$1,650,000
261 12th Ave SE, Norman, OK 73071
The operation combines automated washing, self-service bays, vacuum stations, and cashless and cash payment equipment.
Property Size4,896 SF
Days on Market1
Property Features for 261 12th Ave SE
General Information
Standard status
Active
Size
4,896 SF
Property subtype
Special Purpose
Site & Location
Traffic Count
25,353 vehicles/day
Road Access
Yes
Additional Details
Car Wash Bays
10
Amenities
vacuum stations
card readers
cash/coin machines
Building Details
Building Size
4,896 SF
Year Built
2003
Listing Agency:
Creek Price Edwards
Listed By:
Ethan Slavin · License #134185
(405) 830-0252
Source:
Tcnworldwide
Added: Oct 7
Last Checked: Oct 7 at 2:06PM
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 Creek Price Edwards
Investment Insights
Based on property information with market context.
This car wash, built in 2003, includes 2 touchless auto bays with PDQ Laserwash 4000 equipment and 8 self-service bays. The site also has 14 vacuum stations, card readers, and cash and coin machines, supporting several ways for customers to pay.
The property is at 261 12th Ave SE in Norman, just off the Alameda and 12th Ave intersection. Harbor Freight, Taco Bueno, and Public Storage are among the nearby businesses. 12th Ave SE carries 25,353 vehicles per day.
The property is at 261 12th Ave SE in Norman, just off the Alameda and 12th Ave intersection. Harbor Freight, Taco Bueno, and Public Storage are among the nearby businesses. 12th Ave SE carries 25,353 vehicles per day.
Key Highlights
- 2 touchless auto bays with PDQ Laserwash 4000 equipment
- 8 self‑service bays
- 14 vacuum stations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,222
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,440
$1.2M
Cap Rate 7%
$846,029
$846.0K
Cap Rate 9%
$658,022
$658.0K
Market Conditions
NOI Build-Up for 4,896 SF
Gross rent
$82.3K $16.80/SF
− Vacancy
−$3.3K −$0.67/SF
EGI
$79.0K $16.13/SF
− OpEx
−$19.7K −$4.03/SF
NOI
$59.2K $12.10/SF
Area
Norman, OK
Vacancy
4.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,440
Cap Rate 7%
$846,029
Cap Rate 9%
$658,022
Alternative Uses
Best Use
Specialty Retail
$846.0K
$740.3K – $987.0K
NOI $59,222 @ 7.0% cap · market cap 3.59%
Second Best
Retail
$697.7K
$610.5K – $814.0K
NOI $48,838 @ 7.0% cap · market cap 2.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
25,353 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
249k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 14%
Apparel 6%
Home Improvements & Furnishings 6%
Chick-fil-A
Dining
38,584 visits/mo
0.4 miles
McDonald's
Dining
29,780 visits/mo
0.2 miles
Raising Cane's Chicken Fingers
Dining
27,912 visits/mo
0.3 miles
Dollar Tree
Shops & Services
19,338 visits/mo
0.3 miles
Homeland
Groceries
13,597 visits/mo
0.3 miles
Demographics for 73071, OK
43,379
Population
19,192
Households
2.3
Avg Household Size
31
Median Age
42%
College-Educated
94%
High-School Grad
23.3 sq mi
ZIP Area
1,862
Density / Sq Mi
$59,258
Median Household Income
$32,830
Median Earnings
$1,059
Median Rent
$206,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - The operation combines automated washing, self-service bays, vacuum stations, and cashless and cash payment equipment.
Where is this car wash located?
The property is located at 261 12th Ave SE Norman, OK.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 2 touchless auto bays with PDQ Laserwash 4000 equipment; 8 self‑service bays; 14 vacuum stations
