Stockyards Auto/Truck Repair
For Sale
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2100-2120 Exchange Ave, Oklahoma City, OK
Prime auto/truck repair facility in the Historic Stockyards.
Property Size11,540 SF
Lot Size0.88 Acres
Price / SF$92.72
Days on Market975
Property Features for 2100-2120 Exchange Ave
General Information
Standard status
Active
Size
11,540 SF
Lot size
0.88 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 2100-2120 Exchange Ave Contact us- Floor
- Bldg
- Size
- 11,540 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
Semi-Truck & Bus Repair Shop
- If you’re looking for your own auto or truck repair facility, look no further...
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Listing Agency:
InterWest Properties, Inc
(405) 752-2525
Listed By:
George Huffman · License #049514
(405) 409-4400
Source:
Moodyscre
Added: Jan 11, 2024
Changed: Aug 8
Last Checked: Sep 12 at 10:27AM
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 InterWest Properties, Inc
Investment Insights
Based on property information with market context.
This property offers an opportunity for an auto or truck repair facility in the Historic Stockyards. It comprises two parcels, with the larger structure located at 2120 Exchange Ave, situated on a 0.56-acre tract. This includes a 10,016 square foot warehouse with 1,524 square feet of office space, ceiling heights ranging from 17 to 24 feet, and twelve 12'x14' overhead doors, along with a 2.5-ton crane. The property at 2100 Exchange is situated on a 0.3214-acre parcel, completely enclosed by a 6-foot wrought iron fence, and features a 1,524 square foot sales office with a billboard.
Key Highlights
- Prime auto/truck repair facility opportunity in the Historic Stockyards.
- Large 10,016 sf warehouse with 1,524 sf office space.
- Features (12) 12'x14' overhead doors and a 2.5‑ton crane.
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
$91,341
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
8.54%
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%
$1,826,820
$1.8M
Cap Rate 7%
$1,304,871
$1.3M
Cap Rate 9%
$1,014,900
$1.0M
Market Conditions
NOI Build-Up for 11,540 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
$110.8K $9.60/SF
− Vacancy
−$3.3K −$0.29/SF
EGI
$107.5K $9.31/SF
− OpEx
−$16.1K −$1.40/SF
NOI
$91.3K $7.92/SF
Area
Oklahoma City, OK
Vacancy
3.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$1,826,820
Cap Rate 7%
$1,304,871
Cap Rate 9%
$1,014,900
Alternative Uses
Best Use
Retail
$3.25M
$2.85M – $3.80M
NOI $227,800 @ 7.0% cap · market cap 21.29%
Second Best
Warehouse
$1.30M
$1.14M – $1.52M
NOI $91,341 @ 7.0% cap · market cap 8.54%
Theoretical Best
Specialty Retail
$3.95M
$3.45M – $4.60M
NOI $276,268 @ 7.0% cap · market cap 25.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Prime auto/truck repair facility in the Historic Stockyards.
Where is this auto shop located?
The property is located at 2100-2120 Exchange Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,070,000.
What are key features of this property?
This property features: Prime auto/truck repair facility opportunity in the Historic Stockyards.; Large 10,016 sf warehouse with 1,524 sf office space.; Features (12) 12'x14' overhead doors and a 2.5‑ton crane.
