Auto Repair and Diagnostic
For Sale
Contact for pricing
719 SE 29th St, Oklahoma City, OK 73129
Auto repair and diagnostic shop zoned I-2, with an additional R-2 lot along SE 28th St.
Property Size3,890 SF
Price / SF$154.24
Days on Market155
Property Features for 719 SE 29th St
General Information
Standard status
Active
Size
3,890 SF
Class
D
Property subtype
Retail, Industrial, Land
Zoning
I-2 & R-2
Occupancy
100%
Additional Details
Road Access
Yes
Building Details
Year Built
1946
Buildings
1
Units
1
Listing Agency:
Equity Commercial Realty Advisors, LLC
Listed By:
Gayla Artman · License #OK 079819
(405) 364-5300
Source:
Crexi
Added: Apr 15
Changed: Sep 15
Last Checked: Sep 15 at 6:58AM
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 Equity Commercial Realty Advisors, LLC
Investment Insights
Based on property information with market context.
Auto repair and diagnostic shop at 719 SE 29th St. The property is 3,890 SF and includes site areas zoned for different uses.
One portion is zoned I-2 and has frontage on SE 29th St with dimensions of 150.00 by 150.00. A separate portion is zoned R-2 and is one lot along SE 28th St with dimensions of 50.00 by 150.00.
This configuration supports an on-site auto service use on the I-2 portion while also providing an additional R-2 lot along SE 28th St, creating flexibility in how the property can be laid out for operations that align with zoning requirements.
One portion is zoned I-2 and has frontage on SE 29th St with dimensions of 150.00 by 150.00. A separate portion is zoned R-2 and is one lot along SE 28th St with dimensions of 50.00 by 150.00.
This configuration supports an on-site auto service use on the I-2 portion while also providing an additional R-2 lot along SE 28th St, creating flexibility in how the property can be laid out for operations that align with zoning requirements.
Key Highlights
- 3,890 SF auto repair and diagnostic shop at 719 SE 29th St
- Zoned I‑2 with frontage on SE 29th St (150.00 by 150.00)
- Zoned R‑2 with one lot along SE 28th St (50.00 by 150.00)
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
$23,649
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
3.94%
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%
$472,980
$473.0K
Cap Rate 7%
$337,843
$337.8K
Cap Rate 9%
$262,767
$262.8K
Market Conditions
NOI Build-Up for 3,890 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
$35.0K $9.00/SF
− Vacancy
−$1.2K −$0.32/SF
EGI
$33.8K $8.69/SF
− OpEx
−$10.1K −$2.61/SF
NOI
$23.6K $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 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%
$472,980
Cap Rate 7%
$337,843
Cap Rate 9%
$262,767
Alternative Uses
Best Use
Retail
$1.10M
$959.9K – $1.28M
NOI $76,789 @ 7.0% cap · market cap 12.80%
Second Best
Industrial
$337.8K
$295.6K – $394.2K
NOI $23,649 @ 7.0% cap · market cap 3.94%
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $93,127 @ 7.0% cap · market cap 15.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
9,126 visits/mo
0.3 miles
Demographics for 73129, OK
19,971
Population
7,569
Households
2.6
Avg Household Size
31
Median Age
6%
College-Educated
67%
High-School Grad
12.5 sq mi
ZIP Area
1,598
Density / Sq Mi
$43,941
Median Household Income
$28,481
Median Earnings
$914
Median Rent
$76,400
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
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Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair and diagnostic shop zoned I-2, with an additional R-2 lot along SE 28th St.
Where is this auto shop located?
The property is located at 719 SE 29th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,890 SF auto repair and diagnostic shop at 719 SE 29th St; Zoned I‑2 with frontage on SE 29th St (150.00 by 150.00); Zoned R‑2 with one lot along SE 28th St (50.00 by 150.00)
