Turn-Key Auto Repair
For Sale
$425,000
7415 SE 15th St, Midwest City, OK 73110
Ready-to-go auto repair shop on high-traffic corridor.
Property Size2,152 SF
Lot Size0.50 Acres
Price / SF$197.49
Days on Market184
Property Features for 7415 SE 15th St
General Information
Standard status
Active
Size
2,152 SF
Lot size
0.50 Acres
Building Details
Year Built
1959
Listing Agency:
HomeSmart Stellar Realty
Listed By:
Adrian Lillard
(405) 227-8511
Source:
Alloverok
Added: Mar 27
Changed: Sep 19
Last Checked: Sep 24 at 2:54PM
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 HomeSmart Stellar Realty
Investment Insights
Based on property information with market context.
This fully operational and compliant auto repair facility is situated on a high-traffic corridor, experiencing over 42,000 vehicles daily near Sooner Rd and 38,800 near Midwest Blvd. The location provides high visibility and is near I-40, I-35, and Tinker Air Force Base, as well as national retailers such as Target, Sherwin-Williams, and McDonald’s. The property features a gated yard, a new modern façade, and a high-tech security system. The 2,152 SF concrete block structure is positioned on nearly half an acre. The facility includes three working vehicle lifts in the front attached garage, a two-bay detached gated garage, diagnostic equipment, and a DEQ-compliant oil barrel system. Zoned for commercial auto use, the shop is currently active and meets all DEQ and city operational standards. This is an opportunity for investors or independent mechanics to acquire a ready-to-go business. The sale includes the real estate only. All interior tools and equipment are negotiable and should be detailed in any submitted offers.
Key Highlights
- High‑traffic location with excellent visibility: Over 42,000 vehicles daily near Sooner Rd and 38,800 near Midwest Blvd.
- Turn‑key, DEQ‑compliant auto repair facility: Ready for immediate operation and meets all required standards.
- Prime location with proximity to major transportation: Close to I‑40, I‑35, and Tinker Air Force Base.
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
$22,715
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
5.34%
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%
$454,300
$454.3K
Cap Rate 7%
$324,500
$324.5K
Cap Rate 9%
$252,389
$252.4K
Market Conditions
NOI Build-Up for 2,152 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
$35.9K $16.68/SF
− Vacancy
−$3.4K −$1.60/SF
EGI
$32.4K $15.08/SF
− OpEx
−$9.7K −$4.52/SF
NOI
$22.7K $10.56/SF
Area
Oklahoma County, OK
Vacancy
9.60%
Lease Rate
$16.68 /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%
$454,300
Cap Rate 7%
$324,500
Cap Rate 9%
$252,389
Alternative Uses
Best Use
Retail
$324.5K
$283.9K – $378.6K
NOI $22,715 @ 7.0% cap · market cap 5.34%
Second Best
Industrial
$190.9K
$167.0K – $222.7K
NOI $13,362 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$448.2K
$392.2K – $522.9K
NOI $31,376 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
39k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Apparel 26%
Dining 4%
Home Improvements & Furnishings 3%
7-Eleven
Shops & Services
15,665 visits/mo
0.2 miles
Goodwill
Apparel
10,146 visits/mo
0.1 miles
Family Dollar
Shops & Services
6,956 visits/mo
0.1 miles
Bank Of Oklahoma - Midwest City
Shops & Services
3,685 visits/mo
0.3 miles
Domino's Pizza
Dining
1,548 visits/mo
0.5 miles
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
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 South region
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Similar Off Market Nearby
- Charles Body Shop — Midwest City, OK 73110
- AAMCO Transmissions & Total Car Care — 2311 S Air Depot Blvd, Midwest City, OK 73110
- AA Automotive — 2029 S Air Depot Blvd, Midwest City, OK 73110
- Mid-Del Automotive — 411 Foster Pl, Midwest City, OK 73110
- Rapid Service Center — 2001 S Air Depot Blvd, Oklahoma City, OK 73110
Frequently Asked Questions
What type of property is this?
Auto shop - Ready-to-go auto repair shop on high-traffic corridor.
Where is this auto shop located?
The property is located at 7415 SE 15th St Midwest City, OK.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: High‑traffic location with excellent visibility: Over 42,000 vehicles daily near Sooner Rd and 38,800 near Midwest Blvd.; Turn‑key, DEQ‑compliant auto repair facility: Ready for immediate operation and meets all required standards.; Prime location with proximity to major transportation: Close to I‑40, I‑35, and Tinker Air Force Base.
