Corner Auto Shop with
For Sale
$400,000
8004 NE 23 St, Oklahoma City, OK 73141
Front lobby and sales office connect to rear garage, maintenance, and warehouse areas.
Property Size3,270 SF
Price / SF$122.32
Days on Market89
Property Features for 8004 NE 23 St
General Information
Standard status
Active
Size
3,270 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1969
Buildings
1
Listing Agency:
Prestige Real Estate Services
Listed By:
Randy Heintzelman · License #73508
(405) 737-0202
Source:
Sarahflemingestates
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 7 at 2:32PM
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 Prestige Real Estate Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,270-square-foot auto shop occupies a corner location at NE 23rd Street and Midwest Boulevard. Built in 1969, the property combines customer-facing space with functional automotive work areas. The front portion includes a lobby, sales office, storage room, and bathroom, while the rear provides garage and maintenance areas along with warehouse space.
The property is located at 8004 NE 23 St in Oklahoma City, across from Advantage Bank. Its blend of office, service, storage, and warehouse areas accommodates automotive operations within a single building.
The property is located at 8004 NE 23 St in Oklahoma City, across from Advantage Bank. Its blend of office, service, storage, and warehouse areas accommodates automotive operations within a single building.
Key Highlights
- 3,270‑square‑foot auto shop building
- Corner position at NE 23rd Street and Midwest Boulevard
- Front lobby and sales office configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,880
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,600
$397.6K
Cap Rate 7%
$284,000
$284.0K
Cap Rate 9%
$220,889
$220.9K
Market Conditions
NOI Build-Up for 3,270 SF
Gross rent
$29.4K $9.00/SF
− Vacancy
−$1.0K −$0.32/SF
EGI
$28.4K $8.69/SF
− OpEx
−$8.5K −$2.61/SF
NOI
$19.9K $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 Rate 5%
$397,600
Cap Rate 7%
$284,000
Cap Rate 9%
$220,889
Alternative Uses
Best Use
Retail
$922.1K
$806.9K – $1.08M
NOI $64,550 @ 7.0% cap · market cap 16.14%
Second Best
Flex RnD
$629.6K
$550.9K – $734.6K
NOI $44,074 @ 7.0% cap · market cap 11.02%
Theoretical Best
Specialty Retail
$1.12M
$978.6K – $1.30M
NOI $78,284 @ 7.0% cap · market cap 19.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73141, OK
2,671
Population
1,260
Households
2.1
Avg Household Size
42
Median Age
14%
College-Educated
85%
High-School Grad
10.8 sq mi
ZIP Area
247
Density / Sq Mi
$64,130
Median Household Income
$34,838
Median Earnings
$859
Median Rent
$129,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Auto shop - Front lobby and sales office connect to rear garage, maintenance, and warehouse areas.
Where is this auto shop located?
The property is located at 8004 NE 23 St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 3,270‑square‑foot auto shop building; Corner position at NE 23rd Street and Midwest Boulevard; Front lobby and sales office configuration
