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    Kingston Car Wash Investment Opportunity Title is generated by Realmo AI

    512 Highway 70 E, Kingston, OK 73439

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    Claim this Listing
    New
    For Sale
    $899,000

    COMMERCIAL - Kingston, OK

    Property size:
    3,002 SF
    Lot size:
    0.62 Acres
    Price / SF:
    $299/SF
    Added:
    May 29, 2026
    Days on Market:
    2
    Last Refresh:
    May 30 at 4:06 am

    Property Features for 512 Highway 70 E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    com
    Exterior features
    Lighting
    Standard status
    Active
    APN
    0799-31-06S-06E-0-108-00
    Size
    3,002 SF
    Lot size
    0.62 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    SEC 31-6-6; A TRACT IN THE NE NW NE, SEC 31-6-6; BEG 40' S OF NE COR OF THE NE NW NE, SEC.31; THENCE W 100'-S 88'-W 50'-S 125' THENCE N/EAST ALONG THE HIGHWAY R/W TO INTERSECTION OF EAST BOUNDARY LINE OF THE NE NW, SEC.31; THENCE NORTH TO THE POINT O F BEGINNING. (MIRAGE OF TEX. CARWASH)
    Tax Annual Amount
    3845

    Utilities

    Water source
    Well

    Building Details

    Year built
    2003
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Ashton Young

    Listing agent Ashton Young

    Listing office eXp Realty, LLC 3209 S Broadway STE 231, Oklahoma City, OK

    Listing date May 29, 2026

    MLS# 2619798

    Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 10% CAP rate on a well‑maintained car wash facility.
    • Deep water well provides significant cost savings.
    • Extra‑large bays accommodate RVs, boats, and large trailers.
    • Bay cleanout trailer included, eliminating approximately $10,000 in annual service costs.
    • Located 2 miles from the new Hardrock resort and casino and Vista Point development.
    • Automatic equipment installed in 2021.

    Overview

    This commercial property in Kingston, OK, presents a significant investment opportunity in a rapidly growing area. The property is a well-maintained car wash facility operating at a 10% CAP rate. The car wash benefits from a deep water well, eliminating the need for a municipal water supply and resulting in substantial cost savings. City water is also connected as a backup. The wash bays are extra-large to accommodate RVs, boats, and large trailers. A bay cleanout trailer is included in the sale, eliminating the need for a quarterly service that typically costs $1,000 or more, resulting in an estimated annual savings of $10,000. Wash prices were increased in June 2025, projecting an approximate $10,000 annual increase in net operating income. Automatic equipment was installed in 2021. The property is located 2 miles from the new Hardrock resort and casino and Vista Point development. The lot size is 0.62 acres, and the property size is 3,002 square feet. The zoning is commercial.
    Property Profile Location Intelligence

    Current Use by Public Records

    Car washes

    Suggested Use

    Real Estate Agency Restaurant Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Auto Parts Store Hotel & Motel Pharmacy Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Marshall
    State
    Oklahoma
    Longitude
    -96.713115
    Latitude
    33.997011

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    FAQs

    What type of property is this?
    Car wash - Well-maintained car wash near Hardrock Casino with significant cost savings.
    Where is this car wash located?
    The property is located at 512 Highway 70 E Kingston, OK.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: 10% CAP rate on a well‑maintained car wash facility.; Deep water well provides significant cost savings.; Extra‑large bays accommodate RVs, boats, and large trailers.
    (888) 560-3964
    We can help!
    Listing Contact
    Ashton Young
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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