Operating Car Wash in Midwest
208 S Air Depot Blvd, Midwest City, OK 73110
For Sale
$825,000
Operating car wash in developing area with highway access.
Property Size7,825 SF
Price / SF$105.43
Days on Market229
Property Features for 208 S Air Depot Blvd
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
LaGree Associates
Listed By:
John Archiniaco · License OK #179880
(405) 308-7281
Source:
Lagree
Added: Mar 27
Changed: Oct 26
Last Checked: Nov 8 at 3:30AM
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 LaGree Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This operating Red Carpet Car Wash is situated in a developing area of Midwest City, near the southeast corner of E. Reno Ave and S. Air Depot Blvd. The location provides access to both I-40 and I-35, with proximity to restaurants and retail outlets. The building is equipped with systems including Wash Systems of Texas, Sherman, Unimac, Spencer, and CarTrol. The property includes a large electronic signage system. The property size is 7,825 square feet.
Key Highlights
- Located in a developing area of Midwest City with great access to I‑40 and I‑35.
- Low‑competition area for the car wash market.
- Equipped with wash systems from Wash Systems of Texas, Sherman, Unimac, Spencer, & CarTrol.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,514
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,280
$850.3K
Cap Rate 7%
$607,343
$607.3K
Cap Rate 9%
$472,378
$472.4K
Market Conditions
NOI Build-Up for 7,825 SF
Gross rent
$65.7K $8.40/SF
− Vacancy
−$5.0K −$0.64/SF
EGI
$60.7K $7.76/SF
− OpEx
−$18.2K −$2.33/SF
NOI
$42.5K $5.43/SF
Area
Oklahoma County, OK
Vacancy
7.60%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,280
Cap Rate 7%
$607,343
Cap Rate 9%
$472,378
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.38M
NOI $82,594 @ 7.0% cap · market cap 10.01%
Second Best
Specialty Retail
$1.18M
$1.03M – $1.37M
NOI $82,309 @ 7.0% cap · market cap 9.98%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,086 @ 7.0% cap · market cap 13.83%
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
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
173k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Apparel 24%
Groceries 11%
Shops & Services 7%
Ross Dress for Less
Apparel
23,201 visits/mo
0.1 miles
Braum's Ice Cream & Dairy Stores
Dining
20,471 visits/mo
0.3 miles
Aldi
Groceries
18,299 visits/mo
0.4 miles
Taco Casa
Dining
17,491 visits/mo
0.4 miles
SONIC Drive In
Dining
16,440 visits/mo
0.2 miles
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
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
Frequently Asked Questions
What type of property is this?
Car wash - Operating car wash in developing area with highway access.
Where is this car wash located?
The property is located at 208 S Air Depot Blvd Midwest City, OK.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Located in a developing area of Midwest City with great access to I‑40 and I‑35.; Low‑competition area for the car wash market.; Equipped with wash systems from Wash Systems of Texas, Sherman, Unimac, Spencer, & CarTrol.
