Self-Service Car Wash with Automatic
New
For Sale
$613,909
16400 NE 23rd, Choctaw, OK 73020
A 2005 facility combines automated washing, customer-operated bays, vacuum stations, and vending machines.
Property Size4,024 SF
Days on Market1
Property Features for 16400 NE 23rd
General Information
Standard status
Active
Size
4,024 SF
Property subtype
Special Purpose
Additional Details
Car Wash Bays
6
Amenities
vacuum stations
vending machines
Building Details
Building Size
4,024 SF
Year Built
2005
Listing Agency:
Creek Price Edwards
Listed By:
Ethan Slavin · License #134185
(405) 830-0252
Source:
Tcnworldwide
Added: Oct 7
Last Checked: Oct 7 at 2:20PM
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.
Built in 2005, this car wash at 16400 NE 23rd in Choctaw, Oklahoma, has one Water Wizard automatic bay and five self-service bays. The site also includes six vacuum stations and six vending machines.
Key Highlights
- One Water Wizard automatic bay
- Five self‑service bays
- Six vacuum stations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,474
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,480
$849.5K
Cap Rate 7%
$606,771
$606.8K
Cap Rate 9%
$471,933
$471.9K
Market Conditions
NOI Build-Up for 4,024 SF
Gross rent
$67.1K $16.68/SF
− Vacancy
−$6.4K −$1.60/SF
EGI
$60.7K $15.08/SF
− OpEx
−$18.2K −$4.52/SF
NOI
$42.5K $10.56/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,480
Cap Rate 7%
$606,771
Cap Rate 9%
$471,933
Alternative Uses
Best Use
Retail
$606.8K
$530.9K – $707.9K
NOI $42,474 @ 7.0% cap · market cap 6.92%
Second Best
Specialty Retail
$604.7K
$529.1K – $705.5K
NOI $42,327 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$838.1K
$733.4K – $977.8K
NOI $58,669 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 73020, OK
24,627
Population
9,857
Households
2.5
Avg Household Size
42
Median Age
33%
College-Educated
92%
High-School Grad
61.6 sq mi
ZIP Area
400
Density / Sq Mi
$99,108
Median Household Income
$54,688
Median Earnings
$1,363
Median Rent
$248,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Self service car wash - A 2005 facility combines automated washing, customer-operated bays, vacuum stations, and vending machines.
Where is this self service car wash located?
The property is located at 16400 NE 23rd Choctaw, OK.
What is the asking price?
The asking price for this property is $613,909.
What are key features of this property?
This property features: One Water Wizard automatic bay; Five self‑service bays; Six vacuum stations
