9-Bay Auto Repair
2140 S 129th EastAvenue, Tulsa, OK 74134
For Sale
$749,900
Vehicle lifts support repair and maintenance work within the shop’s service area.
Property Size7,908 SF
Price / SF$94.83
Days on Market33
Property Features for 2140 S 129th EastAvenue
General Information
Standard status
Size
Property subtype
Automotive
Service Bays
Automotive Uses
Additional Details
Real Estate Included
Building Details
Year Built
Listing Agency:
Gerig Group Real Estate
(918) 932-9931
Listed By:
Josh Gerig · License #175916
(918) 228-5208
Source:
Spiritrealtygroup
Added: Oct 6
Changed: Nov 6
Last Checked: Nov 6 at 9:37AM
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 Gerig Group Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This auto repair facility at 2140 S 129th in Tulsa, Oklahoma, contains nine service bays equipped with vehicle lifts. The property was built in 1976 and is configured for automotive repair and maintenance operations.
Key Highlights
- Nine service bays fitted with vehicle lifts
- Built in 1976
- Located at 2140 S 129th, Tulsa, OK 74134
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,485
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,700
$1.0M
Cap Rate 7%
$721,214
$721.2K
Cap Rate 9%
$560,944
$560.9K
Market Conditions
NOI Build-Up for 7,908 SF
Gross rent
$75.9K $9.60/SF
− Vacancy
−$3.8K −$0.48/SF
EGI
$72.1K $9.12/SF
− OpEx
−$21.6K −$2.74/SF
NOI
$50.5K $6.38/SF
Area
ZIP 74134
Vacancy
5.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,700
Cap Rate 7%
$721,214
Cap Rate 9%
$560,944
Alternative Uses
Best Use
Retail
$1.34M
$1.17M – $1.56M
NOI $93,662 @ 7.0% cap · market cap 12.49%
Second Best
Industrial
$721.2K
$631.1K – $841.4K
NOI $50,485 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,577 @ 7.0% cap · market cap 17.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
9
Service bays
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 74134, OK
23,505
Population
9,068
Households
2.6
Avg Household Size
33
Median Age
31%
College-Educated
88%
High-School Grad
12.1 sq mi
ZIP Area
1,943
Density / Sq Mi
$73,421
Median Household Income
$42,808
Median Earnings
$979
Median Rent
$216,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Tulsa, OK
Similar Off Market Nearby
- Delightful Solutions LLC — 3739 S 154th E Ave, Tulsa, OK 74134
Frequently Asked Questions
What type of property is this?
Auto shop - Vehicle lifts support repair and maintenance work within the shop’s service area.
Where is this auto shop located?
The property is located at 2140 S 129th EastAvenue Tulsa, OK.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Nine service bays fitted with vehicle lifts; Built in 1976; Located at 2140 S 129th, Tulsa, OK 74134
