Auto Shop Property with
For Sale
Contact for pricing
6994 NE 23rd St, Oklahoma City, OK 73141
Existing occupancy provides an established commercial setup along Oklahoma City’s NE 23rd Street corridor.
Property Size2,640 SF
Price / SF$170.45
Days on Market194
Property Features for 6994 NE 23rd St
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Retail
Additional Details
Road Access
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Keller Williams Realty
Listed By:
Denzel Cromwell · License #181680
Source:
Crexi
Added: Apr 6
Changed: Oct 15
Last Checked: Oct 14 at 8:05PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This automotive property includes an existing small building occupied by a single tenant. The current business is expected to vacate when the property changes ownership, allowing the next owner to occupy the space, adapt it for another purpose, or lease it to a new operator. The source information also identifies automotive, service, and retail applications as potential directions for the property.
The property is located at 6994 NE 23rd St in Oklahoma City, on the NE 23rd Street corridor. Its existing occupancy creates an operating starting point, while the anticipated vacancy at closing offers flexibility for a new business concept or tenant arrangement.
The property is located at 6994 NE 23rd St in Oklahoma City, on the NE 23rd Street corridor. Its existing occupancy creates an operating starting point, while the anticipated vacancy at closing offers flexibility for a new business concept or tenant arrangement.
Key Highlights
- Existing single‑tenant occupancy
- Current business expected to vacate upon sale
- Located along Oklahoma City’s NE 23rd Street corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,050
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,000
$321.0K
Cap Rate 7%
$229,286
$229.3K
Cap Rate 9%
$178,333
$178.3K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$23.8K $9.00/SF
− Vacancy
−$832 −$0.32/SF
EGI
$22.9K $8.69/SF
− OpEx
−$6.9K −$2.61/SF
NOI
$16.0K $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 Rate 5%
$321,000
Cap Rate 7%
$229,286
Cap Rate 9%
$178,333
Alternative Uses
Best Use
Retail
$744.5K
$651.4K – $868.6K
NOI $52,114 @ 7.0% cap · market cap 11.58%
Second Best
Industrial
$229.3K
$200.6K – $267.5K
NOI $16,050 @ 7.0% cap · market cap 3.57%
Theoretical Best
Specialty Retail
$902.9K
$790.0K – $1.05M
NOI $63,202 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73141, OK
2,671
Population
1,260
Households
2.1
Avg Household Size
42
Median Age
14%
College-Educated
85%
High-School Grad
10.8 sq mi
ZIP Area
247
Density / Sq Mi
$64,130
Median Household Income
$34,838
Median Earnings
$859
Median Rent
$129,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Oklahoma City, OK
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Frequently Asked Questions
What type of property is this?
Auto shop - Existing occupancy provides an established commercial setup along Oklahoma City’s NE 23rd Street corridor.
Where is this auto shop located?
The property is located at 6994 NE 23rd St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Existing single‑tenant occupancy; Current business expected to vacate upon sale; Located along Oklahoma City’s NE 23rd Street corridor
