Building Details

Buildings 1

Listing Agency: C21/First Choice Realty c***@clinkenbeardagency.com Show Phone

Listed By: Justin Young · License #160378 Show Phone

Source: Exprealty

Added: Oct 1 Changed: Oct 3 Last Checked: Oct 6 at 12:29AM

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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 C21/First Choice Realty

Investment Insights

Based on property information with market context.

Configured for automotive service, the building includes three drive-through doors, two service pits and dedicated office space. Its prior use was for automotive-related businesses, and the layout may also suit other commercial operations, including warehouse or service uses.

The property is in Fort Gibson on Lee Street.

Key Highlights

• Three drive‑through doors
• Two service pits
• Dedicated office space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,636

Cap Rate

5.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$392,720 $392.7K

Cap Rate 7%

$280,514 $280.5K

Cap Rate 9%

$218,178 $218.2K

Market Conditions

NOI Build-Up for 1,920 SF

Gross rent

$28.8K $15.00/SF

− Vacancy

−$749 −$0.39/SF

EGI

$28.1K $14.61/SF

− OpEx

−$8.4K −$4.38/SF

NOI

$19.6K $10.23/SF

Area

Muskogee County, OK

Vacancy

2.60%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$392,720

Cap Rate 7%

$280,514

Cap Rate 9%

$218,178

Alternative Uses

Best Use

Retail

$280.5K

$245.5K – $327.3K (±1% cap)

NOI $19,636 @ 7.0% cap · market cap 5.45%

Second Best

Industrial

$137.8K

$120.6K – $160.8K (±1% cap)

NOI $9,645 @ 7.0% cap · market cap 2.68%

Theoretical Best

Office A

$401.9K

$351.6K – $468.9K (±1% cap)

NOI $28,131 @ 7.0% cap · market cap 7.81%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Law Firm Nail Salon Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Service bays

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

108

Businesses Nearby

42k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 66% Shops & Services 26% Home Improvements & Furnishings 8%

McDonald's Dining

11,782 visits/mo 0.1 miles

SONIC Drive In Dining

10,458 visits/mo 0.1 miles

Phillips 66 Shops & Services

9,764 visits/mo 0.1 miles

Simple Simon's Pizza Dining

3,366 visits/mo 0.1 miles

Keith True Value Home Improvements & Furnishings

3,353 visits/mo 0.3 miles

Demographics for 74434, OK

8,889

Population

4,015

Households

2.2

Avg Household Size

40

Median Age

32%

College-Educated

94%

High-School Grad

123.2 sq mi

ZIP Area

72

Density / Sq Mi

$72,454

Median Household Income

$44,019

Median Earnings

$787

Median Rent

$181,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• Fort Gibson Auto Refinishing — Fort Gibson, OK 74434
• Reaction Wraps & Graphics — 1128 S Scott St, Fort Gibson, OK 74434
• Independent Motorcycle Shop — 328 W Benge Rd, Fort Gibson, OK 74434
• R & R Wrecker — Fort Gibson, OK 74434
• Fort Gibson Tire & Auto — 800 S Lee St, Fort Gibson, OK 74434

Frequently Asked Questions

What type of property is this?

Auto shop - The building combines customer service areas with dedicated office space for an automotive operation.

Where is this auto shop located?

The property is located at 1515 Lee St Fort Gibson, OK.

What is the asking price?

The asking price for this property is $360,000.

What are key features of this property?

This property features: Three drive‑through doors; Two service pits; Dedicated office space