I-240 Frontage Car
For Sale
$3,950,000
613 West Interstate 240 Service Road, Oklahoma City, OK 73139
Car dealership with showroom and maintenance shop on 4.95 acres.
Property Size17,900 SF
Lot Size4.95 Acres
Price / SF$220.67
Days on Market224
Property Features for 613 West Interstate 240 Service Road
General Information
Standard status
Active
Size
17,900 SF
Lot size
4.95 Acres
Property subtype
Special Purpose
Building Details
Building Size
17,900 SF
Year Built
1999
Listing Agency:
Price Edwards & Company Oklahoma City
Listed By:
Danny Rivera · License #148829
(405) 408-5449
Source:
Tcnworldwide
Added: Mar 6
Changed: Oct 6
Last Checked: Oct 14 at 9:33PM
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 Price Edwards & Company Oklahoma City
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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 property, formerly a car dealership, presents a business opportunity with high visibility along the I-240 corridor in Oklahoma City. It features a 6,000 square foot office showroom and an 11,900 square foot maintenance shop, situated on a 4.95-acre lot. The location benefits from its position in a high-traffic area. The site offers potential for redevelopment with ample space for expansion. The property is zoned C-3 and has frontage on I-240.
Key Highlights
- High visibility location with I‑240 frontage in a high‑traffic area.
- Large 4.95‑acre lot offering ample space for redevelopment and expansion.
- Includes a 6,000 sf office/showroom and an 11,900 sf maintenance shop.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$353,346
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,066,920
$7.1M
Cap Rate 7%
$5,047,800
$5.0M
Cap Rate 9%
$3,926,067
$3.9M
Market Conditions
NOI Build-Up for 17,900 SF
Gross rent
$537.0K $30.00/SF
− Vacancy
−$32.2K −$1.80/SF
EGI
$504.8K $28.20/SF
− OpEx
−$151.4K −$8.46/SF
NOI
$353.3K $19.74/SF
Area
Oklahoma City, OK
Vacancy
6.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,066,920
Cap Rate 7%
$5,047,800
Cap Rate 9%
$3,926,067
Alternative Uses
Best Use
Retail
$5.05M
$4.42M – $5.89M
NOI $353,346 @ 7.0% cap · market cap 8.95%
Second Best
Industrial
$1.55M
$1.36M – $1.81M
NOI $108,823 @ 7.0% cap · market cap 2.76%
Theoretical Best
Specialty Retail
$6.12M
$5.36M – $7.14M
NOI $428,526 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
357k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 21%
Apparel 15%
Hotels & Casinos 2%
Chick-fil-A
Dining
56,182 visits/mo
0.4 miles
Academy Sports + Outdoors
Apparel
52,000 visits/mo
0.4 miles
McDonald's
Dining
39,440 visits/mo
0.3 miles
Dutch Bros. Coffee
Dining
25,173 visits/mo
0.2 miles
7-Eleven
Shops & Services
19,769 visits/mo
0.3 miles
Demographics for 73139, OK
18,781
Population
8,790
Households
2.1
Avg Household Size
35
Median Age
15%
College-Educated
79%
High-School Grad
4.4 sq mi
ZIP Area
4,268
Density / Sq Mi
$47,424
Median Household Income
$34,557
Median Earnings
$946
Median Rent
$164,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Similar Off Market Nearby
- American Glass Co — 8003 S Western Ave, Oklahoma City, OK 73139
- Precision Tune Auto Care — 8000 S Western Ave, Oklahoma City, OK 73139
- Honda Service Center — 1030 W I-240 Service Road, Oklahoma City, OK 73139
- David Stanley Chevrolet — W I- 240 Srv Rd, Oklahoma City, OK 73139, United States
- Chevrolet Service — 614 w interstate 240 service rd, oklahoma city, ok 73139
Frequently Asked Questions
What type of property is this?
Auto shop - Car dealership with showroom and maintenance shop on 4.95 acres.
Where is this auto shop located?
The property is located at 613 West Interstate 240 Service Road Oklahoma City, OK.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: High visibility location with I‑240 frontage in a high‑traffic area.; Large 4.95‑acre lot offering ample space for redevelopment and expansion.; Includes a 6,000 sf office/showroom and an 11,900 sf maintenance shop.
