Auto Shop with Spray
For Sale
Contact for pricing
4316 Newcastle Rd, Oklahoma City, OK 73119
Industrial auto shop with multiple service bays, dedicated offices, shop support areas, and paint-finishing infrastructure.
Property Size10,000 SF
Price / SF$135
Days on Market175
Property Features for 4316 Newcastle Rd
General Information
Standard status
Active
Size
10,000 SF
Class
C
Property subtype
Industrial
Zoning
I-2
Investment Type
Owner/User
Additional Details
Three-Phase Power
Yes
Amenities
air lines
compressors
spray booth
reception area
offices
restrooms
3-phase power
Building Details
Year Renovated
2005
Buildings
2
Units
1
Listing Agency:
Creek Price Edwards
Listed By:
Andrew Holder · License #OK 172064
Source:
Crexi
Added: Mar 10
Changed: Aug 31
Last Checked: Aug 31 at 1:15AM
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 Creek Price Edwards
Investment Insights
Based on property information with market context.
This auto shop property contains 10,000 SF across a 7,200 SF main shop and a 2,800 SF rear building. The buildings provide 16-foot and 14-foot clear heights, respectively, with eight overhead bay doors arranged four at the front and four at the rear. More than 400 amps of 3Phase power, distributed air lines, and included compressors support shop operations. The property also includes a reception area, two offices, an office restroom, and a separate shop restroom.
A fully functional spray booth is located in the rear building and remains with the property. Zoned I-2, the site is designated for moderate industrial use and accommodates automotive, service, and other industrial operations supported by the existing improvements.
A fully functional spray booth is located in the rear building and remains with the property. Zoned I-2, the site is designated for moderate industrial use and accommodates automotive, service, and other industrial operations supported by the existing improvements.
Key Highlights
- 10,000 SF industrial auto shop property
- 7,200 SF main shop plus 2,800 SF rear building
- Eight overhead bay doors: four front and four rear
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
$60,795
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
4.50%
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%
$1,215,900
$1.2M
Cap Rate 7%
$868,500
$868.5K
Cap Rate 9%
$675,500
$675.5K
Market Conditions
NOI Build-Up for 10,000 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
$90.0K $9.00/SF
− Vacancy
−$3.2K −$0.32/SF
EGI
$86.9K $8.69/SF
− OpEx
−$26.1K −$2.61/SF
NOI
$60.8K $6.08/SF
Area
Oklahoma City, OK
Vacancy
3.50%
Lease Rate
$9.00 /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%
$1,215,900
Cap Rate 7%
$868,500
Cap Rate 9%
$675,500
Alternative Uses
Best Use
Retail
$2.82M
$2.47M – $3.29M
NOI $197,400 @ 7.0% cap · market cap 14.62%
Second Best
Industrial
$868.5K
$759.9K – $1.01M
NOI $60,795 @ 7.0% cap · market cap 4.50%
Theoretical Best
Specialty Retail
$3.42M
$2.99M – $3.99M
NOI $239,400 @ 7.0% cap · market cap 17.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73119, OK
31,216
Population
12,008
Households
2.6
Avg Household Size
31
Median Age
6%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
4,591
Density / Sq Mi
$42,936
Median Household Income
$29,529
Median Earnings
$923
Median Rent
$93,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Industrial auto shop with multiple service bays, dedicated offices, shop support areas, and paint-finishing infrastructure.
Where is this auto shop located?
The property is located at 4316 Newcastle Rd Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 10,000 SF industrial auto shop property; 7,200 SF main shop plus 2,800 SF rear building; Eight overhead bay doors: four front and four rear
