Automotive Service Shop with Drive-Through
For Sale
$379,500
627 S 32nd St, Muskogee, OK 74401
Established automotive service facility with repair infrastructure, vehicle access, and included operating equipment.
Property Size2,310 SF
Price / SF$164.29
Days on Market11
Property Features for 627 S 32nd St
General Information
Standard status
Active
Size
2,310 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Service Bays
4
Building Details
Year Built
1984
Listing Agency:
Interstate Properties, Inc.
(918) 781-9197
Listed By:
Earnie Gilder · License #45081
Source:
Alloverok
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 28 at 7:18AM
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 Interstate Properties, Inc.
Investment Insights
Based on property information with market context.
This automotive service property was built in 1984 and is configured for oil changes, vehicle repair, and detailing. The facility includes two drive-through bays with undercarriage access, plus two overhead doors at the south end. A car lift serves the larger work area, supporting repair operations and service flexibility. Equipment is included in the purchase, with an equipment list available in the property documents.
The property provides 140 feet of frontage along Hwy 69 at 627 S 32nd St in Muskogee, Oklahoma. Its position along a north-south travel route through Muskogee supports direct roadside exposure and convenient vehicle access.
The property provides 140 feet of frontage along Hwy 69 at 627 S 32nd St in Muskogee, Oklahoma. Its position along a north-south travel route through Muskogee supports direct roadside exposure and convenient vehicle access.
Key Highlights
- 140 feet of frontage along Hwy 69
- Two drive‑through bays with undercarriage access
- Two overhead doors at the south end
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
$23,624
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
6.23%
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%
$472,480
$472.5K
Cap Rate 7%
$337,486
$337.5K
Cap Rate 9%
$262,489
$262.5K
Market Conditions
NOI Build-Up for 2,310 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
$34.7K $15.00/SF
− Vacancy
−$901 −$0.39/SF
EGI
$33.7K $14.61/SF
− OpEx
−$10.1K −$4.38/SF
NOI
$23.6K $10.23/SF
Area
Muskogee County, OK
Vacancy
2.60%
Lease Rate
$15.00 /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%
$472,480
Cap Rate 7%
$337,486
Cap Rate 9%
$262,489
Alternative Uses
Best Use
Retail
$337.5K
$295.3K – $393.7K
NOI $23,624 @ 7.0% cap · market cap 6.23%
Second Best
Industrial
$165.8K
$145.1K – $193.4K
NOI $11,604 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$483.5K
$423.1K – $564.1K
NOI $33,845 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
100k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 20%
Hotels & Casinos 1%
McDonald's
Dining
27,332 visits/mo
0.5 miles
Braum's Ice Cream & Dairy Stores
Dining
26,536 visits/mo
0.1 miles
Casey's
Shops & Services
20,147 visits/mo
0.1 miles
Wendy's
Dining
13,430 visits/mo
0.3 miles
Arby's
Dining
7,747 visits/mo
0.2 miles
Demographics for 74401, OK
16,181
Population
7,818
Households
2.1
Avg Household Size
40
Median Age
16%
College-Educated
85%
High-School Grad
110.9 sq mi
ZIP Area
146
Density / Sq Mi
$39,767
Median Household Income
$32,700
Median Earnings
$827
Median Rent
$122,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Crowder Auto Glass — 1109 S 23rd St, Muskogee, OK 74401
- GUARDIAN INTERLOCK OF MUSKOGEE — 806 S 32nd St, Muskogee, OK 74401
- Legendary Lube and Oil — 627 S 32nd St, Muskogee, OK 74401
- EM Express Tire Shop LLC #2 — 500 S 32nd St, Muskogee, OK 74401
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive service facility with repair infrastructure, vehicle access, and included operating equipment.
Where is this auto shop located?
The property is located at 627 S 32nd St Muskogee, OK.
What is the asking price?
The asking price for this property is $379,500.
What are key features of this property?
This property features: 140 feet of frontage along Hwy 69; Two drive‑through bays with undercarriage access; Two overhead doors at the south end
