Six-Bay Car
For Sale
$239,000
700 W Cherokee St, Wagoner, OK 74467
Established car wash with automatic service and commercial vacuum equipment along highway frontage.
Property Size2,622 SF
Price / SF$91.15
Days on Market162
Property Features for 700 W Cherokee St
General Information
Standard status
Active
Size
2,622 SF
Building Details
Year Built
1982
Listing Agency:
Realty One Group Dreamers
Listed By:
Jimmy Martin Jr · License #202695
(539) 367-1555
Source:
Alloverok
Added: May 8
Changed: Oct 11
Last Checked: Oct 7 at 2:25PM
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
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Investment Insights
Based on property information with market context.
This car wash property at 700 W Cherokee Street in Wagoner, Oklahoma, includes six service bays, with one automatic bay among the configuration. Three high-performance commercial vacuums are also installed for customer use. The property was built in 1982 and provides 150 feet of highway frontage.
Key Highlights
- Six service bays, including one automatic bay
- Three high‑performance commercial vacuums
- 150 feet of highway frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,605
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,100
$252.1K
Cap Rate 7%
$180,071
$180.1K
Cap Rate 9%
$140,056
$140.1K
Market Conditions
NOI Build-Up for 2,622 SF
Gross rent
$18.6K $7.08/SF
− Vacancy
−$557 −$0.21/SF
EGI
$18.0K $6.87/SF
− OpEx
−$5.4K −$2.06/SF
NOI
$12.6K $4.81/SF
Area
Wagoner County, OK
Vacancy
3.00%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,100
Cap Rate 7%
$180,071
Cap Rate 9%
$140,056
Alternative Uses
Best Use
Specialty Retail
$420.7K
$368.1K – $490.8K
NOI $29,450 @ 7.0% cap · market cap 12.32%
Second Best
Retail
$414.1K
$362.3K – $483.1K
NOI $28,985 @ 7.0% cap · market cap 12.13%
Theoretical Best
Office A
$618.5K
$541.2K – $721.6K
NOI $43,294 @ 7.0% cap · market cap 18.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
Business Placement
Demographics for 74467, OK
13,981
Population
6,826
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
88%
High-School Grad
154.1 sq mi
ZIP Area
91
Density / Sq Mi
$58,398
Median Household Income
$39,350
Median Earnings
$852
Median Rent
$149,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Car wash - Established car wash with automatic service and commercial vacuum equipment along highway frontage.
Where is this car wash located?
The property is located at 700 W Cherokee St Wagoner, OK.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Six service bays, including one automatic bay; Three high‑performance commercial vacuums; 150 feet of highway frontage
