Oklahoma City Service Garage For
For Sale
Contact for pricing
Pending
4601 South Pennsylvania Avenue, Oklahoma City, OK 73119
4,700 SF service garage on 0.32-acre lot in Oklahoma City.
Property Size4,700 SF
Lot Size0.32 Acres
Days on Market148
Property Features for 4601 South Pennsylvania Avenue
General Information
Standard status
Pending
Size
4,700 SF
Lot size
0.32 Acres
Property subtype
Retail, Industrial
Building Details
Year Built
1941
Stories
1
Listing Agency:
Creek Price Edwards
(405) 510-0079
Listed By:
Tyler Huxley · License #OK
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Jul 28 at 12:41PM
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 commercial property for sale is located on S Pennsylvania Ave in Oklahoma City. The site features a 4,700 sq ft service garage situated on a 14,000 sq ft (0.32-acre) lot. Constructed in 1941, the one-story building has operated as an auto service facility for decades. The lot provides space for parking and vehicle staging. The property is suited for auto service, light industrial, or retail uses requiring drive-in access. The property is located at S. Pennsylvania and SW 46th St. in Oklahoma City, OK.
Key Highlights
- 4,700 sq ft service garage on a 0.32‑acre lot
- Suitable for auto service, light industrial, or retail uses
- Space for parking and vehicle staging
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
$28,574
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
5.44%
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%
$571,480
$571.5K
Cap Rate 7%
$408,200
$408.2K
Cap Rate 9%
$317,489
$317.5K
Market Conditions
NOI Build-Up for 4,700 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
$42.3K $9.00/SF
− Vacancy
−$1.5K −$0.32/SF
EGI
$40.8K $8.69/SF
− OpEx
−$12.2K −$2.61/SF
NOI
$28.6K $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%
$571,480
Cap Rate 7%
$408,200
Cap Rate 9%
$317,489
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,778 @ 7.0% cap · market cap 17.67%
Second Best
Industrial
$408.2K
$357.2K – $476.2K
NOI $28,574 @ 7.0% cap · market cap 5.44%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,518 @ 7.0% cap · market cap 21.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
418
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.
Similar Off Market Nearby
- Supreme auto body shop — 5508 S Pennsylvania Ave Suite b, Oklahoma City, OK 73119
- Fili's Tire Shop — 5505 S Pennsylvania Ave, Oklahoma City, OK 73119
- MCINTIRE'S SMALL ENGINE REPAIR — 5115 S Youngs Blvd, Oklahoma City, OK 73119
- Xtreme Window Tint & PPF — 5512 S Pennsylvania Ave Suite A, Oklahoma City, OK 73119
- C & B Tire Service — 4915 S Pennsylvania Ave, Oklahoma City, OK 73119
Frequently Asked Questions
What type of property is this?
Auto shop - 4,700 SF service garage on 0.32-acre lot in Oklahoma City.
Where is this auto shop located?
The property is located at 4601 South Pennsylvania Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 4,700 sq ft service garage on a 0.32‑acre lot; Suitable for auto service, light industrial, or retail uses; Space for parking and vehicle staging
