Car Wash with Vacuum
For Sale
Contact for pricing
775 North Mustang Road, Tuttle, OK 73089
For sale car wash featuring a 115-foot tunnel, 13 vacuums, and two pay stations.
Property Size5,549 SF
Price / SF$297.35
Days on Market96
Property Features for 775 North Mustang Road
General Information
Standard status
Active
Size
5,549 SF
Property subtype
Retail
Zoning
RC
Investment Type
Owner/User
Building Details
Year Built
2021
Listing Agency:
Plains Commercial Real Estate
Listed By:
Grant Hudiburg · License #OK 182692
(405) 445-5799
Source:
Crexi
Added: Jun 4
Changed: Sep 4
Last Checked: Sep 1 at 9:17PM
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 Plains Commercial Real Estate
Investment Insights
Based on property information with market context.
This car wash is built around a 115-foot tunnel with vacuum service and centralized payment. The facility includes 13 vacuums and two pay stations for customer use, supported by tunnel equipment and vacuum equipment from Sonny’s Car Wash Systems. Pay station hardware is provided by DRB Systems.
A pylon sign is available on-site, supporting brand visibility for the property along North Mustang Road in Tuttle, Oklahoma.
The offering includes the described car wash specifications and associated equipment as listed in the provided details.
A pylon sign is available on-site, supporting brand visibility for the property along North Mustang Road in Tuttle, Oklahoma.
The offering includes the described car wash specifications and associated equipment as listed in the provided details.
Key Highlights
- Car wash built in 2021
- 115‑ft car wash tunnel
- 13 vacuum stations
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
$93,889
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
5.69%
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%
$1,877,780
$1.9M
Cap Rate 7%
$1,341,271
$1.3M
Cap Rate 9%
$1,043,211
$1.0M
Market Conditions
NOI Build-Up for 5,549 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
$133.2K $24.00/SF
− Vacancy
−$8.0K −$1.44/SF
EGI
$125.2K $22.56/SF
− OpEx
−$31.3K −$5.64/SF
NOI
$93.9K $16.92/SF
Area
Grady County, OK
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,877,780
Cap Rate 7%
$1,341,271
Cap Rate 9%
$1,043,211
Alternative Uses
Best Use
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,889 @ 7.0% cap · market cap 5.69%
Second Best
Retail
$790.7K
$691.9K – $922.5K
NOI $55,351 @ 7.0% cap · market cap 3.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 73089, OK
13,696
Population
5,040
Households
2.7
Avg Household Size
41
Median Age
26%
College-Educated
93%
High-School Grad
106.8 sq mi
ZIP Area
128
Density / Sq Mi
$101,205
Median Household Income
$52,277
Median Earnings
$912
Median Rent
$264,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - For sale car wash featuring a 115-foot tunnel, 13 vacuums, and two pay stations.
Where is this car wash located?
The property is located at 775 North Mustang Road Tuttle, OK.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Car wash built in 2021; 115‑ft car wash tunnel; 13 vacuum stations
