Building Details

Building Size 784 SF

Year Built 2002

Buildings 1

Construction Metal

Listing Agency: Keller Williams Central OK j***@kw.com Show Phone

Listed By: Rebecca Field Show Phone

Source: Eastwoodrealtygroup

Added: Apr 27 Changed: Oct 23 Last Checked: Oct 23 at 3:14PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The auto shop property at 21209 SE 59th Street in Newalla, Oklahoma, includes a metal building on 1.3 acres. The site carries Commercial zoning and is associated with a wrecker business.

Built in 2002, the property is close to I-40.

Key Highlights

• 1.3‑acre auto shop property
• Metal building
• Commercial zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,476

Cap Rate

7.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$309,520 $309.5K

Cap Rate 7%

$221,086 $221.1K

Cap Rate 9%

$171,956 $172.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 784 SF

Gross rent

$23.5K $30.00/SF

− Vacancy

−$1.4K −$1.80/SF

EGI

$22.1K $28.20/SF

− OpEx

−$6.6K −$8.46/SF

NOI

$15.5K $19.74/SF

Area

Oklahoma City, OK

Vacancy

6.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$309,520

Cap Rate 7%

$221,086

Cap Rate 9%

$171,956

Alternative Uses

Best Use

Retail

$221.1K

$193.5K – $257.9K (±1% cap)

NOI $15,476 @ 7.0% cap · market cap 7.74%

Second Best

Industrial

$68.1K

$59.6K – $79.4K (±1% cap)

NOI $4,766 @ 7.0% cap · market cap 2.38%

Theoretical Best

Specialty Retail

$268.1K

$234.6K – $312.8K (±1% cap)

NOI $18,769 @ 7.0% cap · market cap 9.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Grocery & Convenience Store Garden Center Storage Facility Pet Grooming Service Hair Salon Nail Salon

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

Turnkey business

Opportunity

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

31

Businesses Nearby

2k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Sinclair Shops & Services

1,827 visits/mo 0.2 miles

Demographics for 74857, OK

9,981

Population

4,243

Households

2.4

Avg Household Size

42

Median Age

23%

College-Educated

87%

High-School Grad

58.3 sq mi

ZIP Area

171

Density / Sq Mi

$87,582

Median Household Income

$50,565

Median Earnings

$1,238

Median Rent

$174,600

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

Frequently Asked Questions

What type of property is this?

Auto shop - A commercial-zoned property includes a metal building and is associated with a wrecker business.

Where is this auto shop located?

The property is located at 21209 SE 59th Street 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: 1.3‑acre auto shop property; Metal building; Commercial zoning