Listing Agency: Gerig Group Real Estate Show Phone

Listed By: Josh Gerig · License #175916 Show Phone

Source: Moodyscre

Added: Oct 13 Changed: Oct 15 Last Checked: Oct 16 at 10:02AM

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Investment Insights

Based on property information with market context.

This auto repair property is configured with 10 service bays and operates as a full-service shop. The 7,908-square-foot facility is located at 2140 S 129TH EAST AVE in Tulsa, Oklahoma.

The property is at a Tulsa address on South 129th East Avenue. Equipment is negotiable.

Key Highlights

• 10 service bays
• 7,908‑square‑foot auto repair facility
• Full‑service automotive repair operation

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,016

Cap Rate

5.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$760,320 $760.3K

Cap Rate 7%

$543,086 $543.1K

Cap Rate 9%

$422,400 $422.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,908 SF

Gross rent

$56.0K $7.08/SF

− Vacancy

−$1.7K −$0.21/SF

EGI

$54.3K $6.87/SF

− OpEx

−$16.3K −$2.06/SF

NOI

$38.0K $4.81/SF

Area

Tulsa, OK

Vacancy

3.00%

Lease Rate

$7.08 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$760,320

Cap Rate 7%

$543,086

Cap Rate 9%

$422,400

Alternative Uses

Best Use

Retail

$1.09M

$951.6K – $1.27M (±1% cap)

NOI $76,126 @ 7.0% cap · market cap 10.15%

Second Best

Industrial

$543.1K

$475.2K – $633.6K (±1% cap)

NOI $38,016 @ 7.0% cap · market cap 5.07%

Theoretical Best

Office A

$1.69M

$1.48M – $1.97M (±1% cap)

NOI $118,066 @ 7.0% cap · market cap 15.74%

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

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Big Box & Wholesale Store Auto Parts 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

10

Service bays

Location Intelligence

Trade Area within ½ mile

239

Businesses Nearby

49k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 64% Groceries 30% Dining 3% Electronics 3%

QuikTrip Shops & Services

29,093 visits/mo 0.0 miles

Aldi Groceries

14,776 visits/mo 0.1 miles

U-Haul Shops & Services

2,148 visits/mo 0.1 miles

Arby's Dining

1,332 visits/mo 0.0 miles

Cricket Wireless Authorized Retailer Electronics

1,257 visits/mo 0.2 miles

Demographics for 74129, OK

18,755

Population

7,751

Households

2.4

Avg Household Size

34

Median Age

16%

College-Educated

78%

High-School Grad

4.0 sq mi

ZIP Area

4,689

Density / Sq Mi

$49,645

Median Household Income

$35,453

Median Earnings

$929

Median Rent

$141,900

Median Home Value

Market

Vacancy Rate% for Retail in Tulsa, OK

7.2% 2019

7.6% 2020

6.6% 2021

5.6% 2022

5.2% 2023

5.6% 2024

5.4% 2025

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Similar Off Market Nearby

• One Stop Auto — 12545 E 21st St, Tulsa, OK 74129
• La Auto Center — 12522 E 21st St, Tulsa, OK 74129
• Shamrock Tire & Auto Repair — 2140 S 129th E Ave, Tulsa, OK 74134
• Auto Glass USA of Tulsa — 1905 s 116th e ave, tulsa, ok 74128
• Tulsa Car Towings — 14009 E 21st St, Tulsa, OK 74134

Frequently Asked Questions

What type of property is this?

Auto shop - A full-service repair facility offers a dedicated setting for automotive service operations.

Where is this auto shop located?

The property is located at 2140 S 129TH EAST AVE 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: 10 service bays; 7,908‑square‑foot auto repair facility; Full‑service automotive repair operation