Bixby Commercial Property For
For Sale
Contact for pricing
15005 S Grant St, Bixby, OK 74008
Commercial property available in Bixby, Oklahoma.
Property Size15,500 SF
Price / SF$334.08
Days on Market238
Property Features for 15005 S Grant St
General Information
Standard status
Active
Size
15,500 SF
Class
A
Property subtype
Industrial, Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$323,636
Building Details
Year Built
2008
Year Renovated
2026
Tenancy
Single
Listing Agency:
Marcus & Millichap - Oklahoma City
Listed By:
Tim Speck · License #149994
Source:
Crexi
Added: Dec 17, 2025
Changed: Aug 8
Last Checked: Jul 21 at 12:18PM
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 Marcus & Millichap - Oklahoma City
Investment Insights
Based on property information with market context.
A commercial property located at 15005 S Grant St, Bixby, OK 74008, is available for sale. The property is 15500 square feet and suitable for auto shops, automotive properties, retail properties, and general commercial real estate purposes.
Key Highlights
- Visit the property website for a full marketing package.
- Property website contains detailed information.
- Property is a Caliber Collision Center.
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
$157,868
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
3.05%
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%
$3,157,360
$3.2M
Cap Rate 7%
$2,255,257
$2.3M
Cap Rate 9%
$1,754,089
$1.8M
Market Conditions
NOI Build-Up for 15,500 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
$232.5K $15.00/SF
− Vacancy
−$7.0K −$0.45/SF
EGI
$225.5K $14.55/SF
− OpEx
−$67.7K −$4.36/SF
NOI
$157.9K $10.18/SF
Area
Tulsa County, OK
Vacancy
3.00%
Lease Rate
$15.00 /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%
$3,157,360
Cap Rate 7%
$2,255,257
Cap Rate 9%
$1,754,089
Alternative Uses
Best Use
Retail
$2.26M
$1.97M – $2.63M
NOI $157,868 @ 7.0% cap · market cap 3.05%
Second Best
Industrial
$1.18M
$1.03M – $1.38M
NOI $82,514 @ 7.0% cap · market cap 1.59%
Theoretical Best
Office A
$3.49M
$3.06M – $4.08M
NOI $244,529 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74008, OK
31,745
Population
12,447
Households
2.6
Avg Household Size
36
Median Age
44%
College-Educated
95%
High-School Grad
74.3 sq mi
ZIP Area
427
Density / Sq Mi
$95,476
Median Household Income
$48,691
Median Earnings
$1,302
Median Rent
$303,200
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
- Spartan Window Tint — 610 W Needles Ave, Bixby, OK 74008
- Adrenaline Powersports — 7220 E 151st St S, Bixby, OK 74008
- A&B Complete Automotive — 15302 S 76th E Ave, Bixby, OK 74008
- Professional Body Works — 15121 S 76th E Ave, Bixby, OK 74008
- Fix Auto Bixby — 605 W Needles Ave, Bixby, OK 74008
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property available in Bixby, Oklahoma.
Where is this auto shop located?
The property is located at 15005 S Grant St Bixby, OK.
What is the asking price?
The asking price for this property is $5,178,176.
What are key features of this property?
This property features: Visit the property website for a full marketing package.; Property website contains detailed information.; Property is a Caliber Collision Center.
