Auto Shop Metal
For Sale
$200,000
21209 Se 59th St, Newalla, OK 73150
Metal auto shop on a commercial-zoned acre-plus site near I-40, well suited for wrecker operations.
Property Size784 SF
Lot Size1.30 Acres
Price / SF$255.10
Days on Market97
Property Features for 21209 Se 59th St
General Information
Standard status
Active
Size
784 SF
Lot size
1.30 Acres
Zoning
commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Buildings
1
Construction
metal
Listing Agency:
Keller Williams Central OK ED
(405) 314-7438
Listed By:
Rebecca P Field
(405) 314-7438
Source:
Exprealty
Added: Apr 27
Changed: Jul 30
Last Checked: Jul 31 at 6:59PM
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 Keller Williams Central OK ED
Investment Insights
Based on property information with market context.
This auto shop features a large metal building on a 1.3-acre site, zoned for commercial use. The current layout supports wrecker business operations, making it a practical fit for automotive and recovery-related use.
The property is located close to I-40, providing straightforward access for service calls, tow operations, and customer visits.
With its commercial zoning and metal building on an expanded site, the property offers a solid foundation for a tenant seeking an auto-focused facility for wrecker and related day-to-day operations.
The property is located close to I-40, providing straightforward access for service calls, tow operations, and customer visits.
With its commercial zoning and metal building on an expanded site, the property offers a solid foundation for a tenant seeking an auto-focused facility for wrecker and related day-to-day operations.
Key Highlights
- Large metal building on 1.3 acres
- Zoned commercial
- Supports wrecker business operations
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.5k | $30.00 |
| − Vacancy | −$1.4k | −$1.80 |
| EGI | $22.1k | $28.20 |
| − OpEx | −$6.6k | −$8.46 |
| NOI | $15.5k | $19.74 |
784 SF · lease $30.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$221.1K
$193.5K – $257.9K
NOI $15,476 @ 7.0% cap · market cap 7.74%
Second Best
Industrial
$68.1K
$59.6K – $79.4K
NOI $4,766 @ 7.0% cap · market cap 2.38%
Theoretical Best
Specialty Retail
$268.1K
$234.6K – $312.8K
NOI $18,769 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73150, OK
5,166
Population
2,168
Households
2.4
Avg Household Size
46
Median Age
35%
College-Educated
95%
High-School Grad
18.7 sq mi
ZIP Area
276
Density / Sq Mi
$89,562
Median Household Income
$57,917
Median Earnings
$859
Median Rent
$287,500
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.
Frequently Asked Questions
What type of property is this?
Auto shop - Metal auto shop on a commercial-zoned acre-plus site near I-40, well suited for wrecker operations.
Where is this auto shop located?
The property is located at 21209 Se 59th St Newalla, OK.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Large metal building on 1.3 acres; Zoned commercial; Supports wrecker business operations
