Commercial Land with Metal
21209 SE 59th Street Newalla, OK 74857
21209 SE 59th Street, Newalla, OK, 74857
$200,000
For Sale
$200,000
LAND - Newalla, OK
Property Size784 SF
Lot Size1.36 Acres
Price / SF$255.10
Days on Market82
Property Features for 21209 SE 59th Street
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 21209SE59th74857
- Size
- 784 SF
- Lot size
- 1.36 Acres
Building Details
- Year built
- 2002
Listing Agency
Keller Williams Central OK ED
(405) 330-2626
10 E Campbell, Edmond, OK
Listed by
Rebecca P Field
(405) 314-7438
Added: Apr 27 Checked: Jul 17 at 12:06 pm
MLS# 1226262
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property features a large metal building situated on 1.3 acres of commercially zoned land. The property is located close to I-40. The existing business is a wrecker service. The building has a size of 784 square feet.
Key Highlights
- Large metal building suitable for commercial use
- Situated on a 1.3 acre lot
- Zoned commercial
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
FAQs
What type of property is this?
Auto shop - 1.3 acres with metal building, commercially zoned near I-40.
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: Large metal building suitable for commercial use; Situated on a 1.3 acre lot; Zoned commercial
