Auto Shop with Service
For Sale
$400,000
8004 NE 23 Street, Oklahoma City, OK 73141
The building combines a customer-facing office and lobby with rear service, storage, and warehouse areas.
Property Size3,270 SF
Price / SF$122.32
Days on Market236
Property Features for 8004 NE 23 Street
General Information
Standard status
Active
Size
3,270 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Road Access
Yes
Automotive Uses
dealership/vehicle sales, auto repair
Real Estate Included
Yes
Building Details
Building Size
3,270 SF
Year Built
1969
Buildings
1
Listing Agency:
Prestige Real Estate Services
(405) 737-0202
Listed By:
Randy Heintzelman · License #73508
(405) 627-5357
Source:
Eastwoodrealtygroup
Added: Mar 3
Changed: Oct 23
Last Checked: Oct 23 at 5:00PM
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 was built in 1969. Its front section contains a lobby and sales office, along with a storage room and bathroom. The rear portion includes garage and maintenance areas suited to vehicle service, as well as warehouse space.
The property occupies the corner of NE 23rd Street and Midwest Boulevard in Oklahoma City. Advantage Bank is across the street.
The property occupies the corner of NE 23rd Street and Midwest Boulevard in Oklahoma City. Advantage Bank is across the street.
Key Highlights
- 3,270‑square‑foot building, constructed in 1969
- Front lobby and sales office with a storage room and bathroom
- Rear garage and maintenance areas for vehicle service, plus warehouse space
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
Industrial
$284.0K
$248.5K – $331.3K
NOI $19,880 @ 7.0% cap · market cap 4.97%
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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
1k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Superpawn
Shops & Services
1,171 visits/mo
0.5 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Oklahoma City, OK
Similar Off Market Nearby
- North Bryant Auto Services Center — 301 w michael dr, oklahoma city, ok 73110
- Cj the mobile mechanic — 1463 n midwest blvd, midwest city, ok 73110
- Eddy's Auto Body Shop — 8033 ne 23rd st, oklahoma city, ok 73141
- Wright Tractors LLC — 8725 NE 23rd St, Oklahoma City, OK 73141
Frequently Asked Questions
What type of property is this?
Auto shop - The building combines a customer-facing office and lobby with rear service, storage, and warehouse areas.
Where is this auto shop located?
The property is located at 8004 NE 23 Street 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 building, constructed in 1969; Front lobby and sales office with a storage room and bathroom; Rear garage and maintenance areas for vehicle service, plus warehouse space
