Building Details

Building Size 784 SF

Year Built 2002

Buildings 1

Construction metal

Listing Agency: Keller Williams Central OK ED Show Phone

Listed By: Rebecca P Field Show Phone

Source: Capitalrealestateok

Added: Apr 27 Changed: Sep 8 Last Checked: Sep 7 at 11:16AM

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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.

Key Highlights

• Large metal building on 1.3 acres
• Zoned commercial
• Supports wrecker business operations

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

$15,476

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

7.74%

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%

$309,520 $309.5K

Cap Rate 7%

$221,086 $221.1K

Cap Rate 9%

$171,956 $172.0K

Market Conditions

NOI Build-Up for 784 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

$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 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%

$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.

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Storage Facility Grocery & Convenience Store Hair Salon Nail Salon Daycare Center Pet Store

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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 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 on 1.3 acres; Zoned commercial; Supports wrecker business operations