Oklahoma City Repair Shop For
For Sale
$650,000
901 S Pennsylvania Ave, Oklahoma City, OK 73107
Commercial property suitable for a repair shop or other business.
Property Size2,975 SF
Price / SF$218.49
Days on Market97
Property Features for 901 S Pennsylvania Ave
General Information
Standard status
Active
Size
2,975 SF
Listing Agency:
RE/MAX at Home
(405) 820-8888
Listed By:
Cynthia Hutcherson · License #68756
(405) 820-8888
Source:
Exprealty
Added: May 19
Changed: Aug 21
Last Checked: Aug 22 at 12:43PM
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 RE/MAX at Home
Investment Insights
Based on property information with market context.
This commercial property, currently operating as a trailer repair shop, features two office spaces, one half bath, and one full bath with a shower. The property includes iron fencing and security cameras, which will remain. Two car lifts are also included. The garage is heated, and the offices are air-conditioned. The property offers potential for a repair shop or other business ventures.
Key Highlights
- Includes two car lifts, ready for immediate use.
- Heated garage and air‑conditioned offices provide a comfortable work environment.
- Security system with iron fencing and cameras included.
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
$58,726
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
9.03%
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%
$1,174,520
$1.2M
Cap Rate 7%
$838,943
$838.9K
Cap Rate 9%
$652,511
$652.5K
Market Conditions
NOI Build-Up for 2,975 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
$89.3K $30.00/SF
− Vacancy
−$5.4K −$1.80/SF
EGI
$83.9K $28.20/SF
− OpEx
−$25.2K −$8.46/SF
NOI
$58.7K $19.74/SF
Area
Oklahoma City, OK
Vacancy
6.00%
Lease Rate
$30.00 /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%
$1,174,520
Cap Rate 7%
$838,943
Cap Rate 9%
$652,511
Alternative Uses
Best Use
Retail
$838.9K
$734.1K – $978.8K
NOI $58,726 @ 7.0% cap · market cap 9.03%
Second Best
Industrial
$258.4K
$226.1K – $301.5K
NOI $18,087 @ 7.0% cap · market cap 2.78%
Theoretical Best
Specialty Retail
$1.02M
$890.3K – $1.19M
NOI $71,222 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
42k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 91%
Shops & Services 9%
Cattlemens
Dining
38,533 visits/mo
0.4 miles
Family Dollar
Shops & Services
3,941 visits/mo
0.3 miles
Demographics for 73107, OK
26,318
Population
12,621
Households
2.1
Avg Household Size
34
Median Age
31%
College-Educated
80%
High-School Grad
7.6 sq mi
ZIP Area
3,463
Density / Sq Mi
$58,428
Median Household Income
$38,753
Median Earnings
$1,014
Median Rent
$143,000
Median Home Value
Market
Vacancy Rate% for Retail in Oklahoma City, OK
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- TNR Automotive. — 1617 S Agnew Ave, Oklahoma City, OK 73108
- Bostic's Truck Tires — 2020 S Agnew Ave, Oklahoma City, OK 73108
- A&F auto repair — 2209 SW 19th St, Oklahoma City, OK 73108
- Mangueras — 2640 SW 15th St, Oklahoma City, OK 73108
- Sooner truck repair — 2400 SW 15th St, Oklahoma City, OK 73108
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property suitable for a repair shop or other business.
Where is this auto shop located?
The property is located at 901 S Pennsylvania Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Includes two car lifts, ready for immediate use.; Heated garage and air‑conditioned offices provide a comfortable work environment.; Security system with iron fencing and cameras included.
