Automotive Shop with Overhead
New
For Sale
$575,000
Pending
1608 E State Highway 152, Mustang, OK 73064
Fenced grounds, three-phase power, and a concrete parking area support automotive operations.
Property Size3,000 SF
Lot Size0.50 Acres
Days on Market4
Property Features for 1608 E State Highway 152
General Information
Standard status
Pending
Size
3,000 SF
Lot size
0.50 Acres
Zoning
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Real Estate Included
Yes
Amenities
concrete parking lot
recently updated reception area
office
kitchenette
bathroom
overhead doors
air compressor
3 phase electric
city water
septic
fully fenced
storage container
Public
0.558
Backyard,Concrete
Building Details
Year Built
1984
Buildings
1
Listing Agency:
1st United Okla, REALTORS
(405) 376-1515
Listed By:
Diane Denison · License #57322
(405) 919-7457
Source:
Flotillarealestate
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:53PM
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 1st United Okla, REALTORS
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Investment Insights
Based on property information with market context.
This automotive property includes a 3,000-square-foot building on 0.558 acres. The interior has a reception area, office, kitchenette, and bathroom, alongside a shop area with two overhead doors: one measuring 10 by 9 feet and the other 10 by 12 feet. An air compressor is included, and the building was constructed in 1984. A storage container at the rear will remain with the property.
The site fronts State Highway 152 near Morgan Road. It has a concrete parking lot, additional gated parking, and full fencing. Three-phase electric service, city water, and septic are in place. The reported zoning is C-5.
The site fronts State Highway 152 near Morgan Road. It has a concrete parking lot, additional gated parking, and full fencing. Three-phase electric service, city water, and septic are in place. The reported zoning is C-5.
Key Highlights
- 3,000‑square‑foot building on 0.558 acres
- Two overhead doors: 10x9 and 10x12, each with an opener
- Three‑phase electric, city water, and septic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,970
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,400
$579.4K
Cap Rate 7%
$413,857
$413.9K
Cap Rate 9%
$321,889
$321.9K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$43.2K $14.40/SF
− Vacancy
−$1.8K −$0.60/SF
EGI
$41.4K $13.80/SF
− OpEx
−$12.4K −$4.14/SF
NOI
$29.0K $9.66/SF
Area
Canadian County, OK
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,400
Cap Rate 7%
$413,857
Cap Rate 9%
$321,889
Alternative Uses
Best Use
Retail
$413.9K
$362.1K – $482.8K
NOI $28,970 @ 7.0% cap · market cap 5.04%
Second Best
Industrial
$266.1K
$232.9K – $310.5K
NOI $18,628 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$653.2K
$571.6K – $762.1K
NOI $45,725 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
49k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 76%
Shops & Services 18%
Hotels & Casinos 5%
Home Improvements & Furnishings 1%
Chili's Grill & Bar
Dining
15,871 visits/mo
0.4 miles
Panda Express
Dining
13,033 visits/mo
0.5 miles
Dollar General
Shops & Services
9,025 visits/mo
0.1 miles
Qdoba Mexican Grill
Dining
6,963 visits/mo
0.4 miles
Hampton Inn Mustang
Hotels & Casinos
2,260 visits/mo
0.3 miles
Demographics for 73064, OK
25,137
Population
10,285
Households
2.4
Avg Household Size
38
Median Age
29%
College-Educated
93%
High-School Grad
53.7 sq mi
ZIP Area
468
Density / Sq Mi
$93,861
Median Household Income
$51,699
Median Earnings
$1,280
Median Rent
$236,700
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
Similar Off Market Nearby
- Auto Logic — 1039 east thunderbird ln, mustang, ok 73064
- Auto Logic Collision and Hail Repair — 1039 E Thunderbird Ln, Mustang, OK 73064
- Extremepdrok — 1200 E State Hwy 152, Newcastle, OK 73065
- Odie's Paint & Collision — 1200 E State Hwy 152, Mustang, OK 73064
- Mustang Automotive — 1600 E State Hwy 152, Mustang, OK 73064
Frequently Asked Questions
What type of property is this?
Auto shop - Fenced grounds, three-phase power, and a concrete parking area support automotive operations.
Where is this auto shop located?
The property is located at 1608 E State Highway 152 Mustang, OK.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3,000‑square‑foot building on 0.558 acres; Two overhead doors: 10x9 and 10x12, each with an opener; Three‑phase electric, city water, and septic
