Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Well-Equipped Carwash on Highway Frontage Title is generated by Realmo AI

    700 W Cherokee Street, Wagoner, OK 74467

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $280,000

    Carwash with 6 bays, automatic bay, and vacuums.

    Type:Commercial/Industrial
    Property size:
    2,622 SF
    Lot size:
    0.55 Acres
    Price / SF:
    $106/SF
    Added:
    Mar 11, 2026
    Days on Market:
    68
    Last Refresh:
    Apr 5 at 10:13 pm

    Property Features for 700 W Cherokee Street

    General Information

    Standard status
    Active
    Size
    2,622 SF
    Lot size
    0.55 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1982

    We can help!

    Listing Contact
    Jimmy Martin Jr

    Listing agent Jimmy Martin Jr License #202695

    Listing office Realty One Group Dreamers

    Listing date Mar 11, 2026

    Source Exitrealty

    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 Realty One Group Dreamers

    HighLights

    • High‑traffic location with 150 feet of highway frontage.
    • Lucrative investment opportunity for entrepreneurs.
    • Six bays, including one automatic bay.
    • Three high‑performance commercial vacuums.
    • Well‑equipped carwash.
    • Built in 1982.

    Overview

    This commercial property is a well-equipped carwash facility. It features 150 feet of highway frontage. The carwash includes 6 bays, one of which is an automatic bay. Additionally, the property is equipped with three high-performance commercial vacuums. The property size is 2,622 square feet. This property is positioned as an investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wagoner Laundry Mat (Bike/Boat/Book/etc) Store United Church Church

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wagoner
    County
    Wagoner
    State
    Oklahoma
    Longitude
    -95.3691
    Latitude
    35.9589

    Nearby Similar for Sale

    • $1,500,000
      11,600 SF

      Wagoner Highway Commercial Property

      Highway-frontage commercial property with extensive parking and robust infrastructure.
      26091 State Hwy 51, Wagoner, OK 74467
      View Details
    • $1,200
      1,040 SF

      Office Suite in Wagoner, OK

      Office suite suitable for wellness, medical, or professional use.
      306 S Hayes Avenue, Wagoner, OK 74467
      View Details
    • $300,000
      8,305 SF

      Wagoner Bowling Alley For Sale

      Turn-key bowling alley with bar and restaurant in Wagoner's downtown.
      123 N Main Street, Wagoner, OK 74467
      View Details
    • $1,200,000
      14,750 SF

      Wagoner Commercial Property For Sale

      Commercial property with multiple income streams and expansion potential.
      72548 S 322 Way, Wagoner, OK 74467
      View Details
    • $289,000
      5,400 SF

      Wagoner Light Industrial Property

      5400 SF light industrial property on 1.57 acres.
      401 SW 15th Street, Wagoner, OK 74467
      View Details
    • $175,000
      1,782 SF

      Versatile Building on Corner Lot

      Adaptable commercial building with expansion potential near Ft. Gibson Lake.
      1110 S McQuarrie Avenue, Wagoner, OK 74467
      View Details
    • $1,500,000
      11,600 SF

      Highway 51 Commercial Property

      11,600 SF commercial building on 6 acres.
      26091 State Hwy 51, Wagoner, OK 74467
      View Details
    • $139,000

      Wagoner Commercial Property on Highway

      High-visibility commercial property with highway frontage and established presence.
      1401 S McQuarrie Ave, Wagoner, OK 74467
      View Details
    • $1,250,000

      Wagoner Acreage with Commercial Potential

      16.67-acre property with home, shop, and equine facilities near Wagoner.
      75649 S Hwy 69, Wagoner, OK
      View Details
    • $2,300,000
      3,637 SF

      Wagoner Office Space For Sale

      Office space available in Wagoner, Oklahoma, spanning 3,637 square feet.
      1520 SW 1st St, Wagoner, OK 74467
      View Details
    • $360,000
      3,364 SF

      Turnkey Apartment Near Fort Gibson

      Fully occupied, renovated apartment property near Fort Gibson Lake.
      34251 E 700 Road, Wagoner, OK 74467
      View Details
    • $800,000
      12,204 SF

      Wagoner Warehouse with Updated HVAC

      12,204 +/- sq ft warehouse with offices and mini-kitchen.
      2111 Hwy 51, Wagoner, OK
      View Details

    FAQs

    What type of property is this?
    Car wash - Carwash with 6 bays, automatic bay, and vacuums.
    Where is this car wash located?
    The property is located at 700 W Cherokee Street Wagoner, OK.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: High‑traffic location with **150 feet of highway frontage**.; Lucrative investment opportunity for entrepreneurs.; **Six bays**, including one automatic bay.
    (539) 367-1555
    We can help!
    Listing Contact
    Jimmy Martin Jr
    Real Estate License ID: 202695
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    700 W Cherokee Street, Wagoner, OK 74467
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!