Building Details

Year built 2002

Listing Agency: Keller Williams Central OK ED · Keller Williams Realty k***@kw.com Show Phone

Listed By: Rebecca P Field Show Phone

Added: Apr 27 Changed: Oct 15 Last Checked: Oct 16 at 12:06PM

Report an Issue

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.

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.

This automotive property includes a 784-square-foot metal building completed in 2002. The site carries Commercial zoning and is associated with a wrecker business, making the existing improvements relevant to automotive operations.

The property is located at 21209 SE 59th Street in Newalla, Oklahoma, 74857, with access to the surrounding area near I-40. Its established building and commercial designation provide a straightforward framework for evaluating the site for automotive-related use.

Key Highlights

• 784‑square‑foot metal building
• Built in 2002
• 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

Warehouse

$88.7K

$77.6K – $103.4K (±1% cap)

NOI $6,206 @ 7.0% cap · market cap 3.10%

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

30

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Auto shop - Metal construction and Commercial zoning define this automotive property 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: 784‑square‑foot metal building; Built in 2002; Commercial zoning