Heated Automotive Service
For Sale
$650,000
901 S Pennsylvania Avenue, Oklahoma City, OK 73108
COMMERCIAL - Oklahoma City, OK
Property Size2,975 SF
Lot Size0.48 Acres
Price / SF$218.49
Days on Market96
Property Features for 901 S Pennsylvania Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Directions
S Penn and 9th street
Standard status
Active
APN
901SPennsylvania73108
Size
2,975 SF
Lot size
0.48 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Amenities
security cameras
car lifts
heated garage
air conditioned offices
Building Details
Year built
1940
Floors in Building
1
Building materials
Frame, Metal Siding, Brick Veneer
Listing Agency:
RE/MAX at Home · RE/MAX International
(405) 708-6691
Listed By:
Cynthia Hutcherson · License #68756
(405) 820-8888
Added: May 19
Changed: Aug 19
Last Checked: Aug 22 at 10:06PM
MLS# 1229976
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,975-square-foot automotive facility occupies a 0.482-acre parcel and is currently used as a trailer repair shop. The building includes two office spaces, one half bath, and one full bathroom with a shower. A heated garage supports service and repair work, while the offices are air conditioned. Two car lifts, iron fencing, and security cameras remain with the property.
Constructed in 1940, the building uses frame construction with metal siding and brick veneer. Public water and public sewer serve the property, and window unit cooling is installed in the office areas. Industrial zoning supports the existing automotive-oriented configuration.
Constructed in 1940, the building uses frame construction with metal siding and brick veneer. Public water and public sewer serve the property, and window unit cooling is installed in the office areas. Industrial zoning supports the existing automotive-oriented configuration.
Key Highlights
- 2,975 square feet on a 0.482‑acre parcel
- Two car lifts remain with the property
- Heated garage with air conditioned offices
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
Flex RnD
$572.8K
$501.2K – $668.3K
NOI $40,098 @ 7.0% cap · market cap 6.17%
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
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73108, OK
14,451
Population
6,221
Households
2.3
Avg Household Size
30
Median Age
4%
College-Educated
56%
High-School Grad
7.6 sq mi
ZIP Area
1,901
Density / Sq Mi
$35,278
Median Household Income
$31,017
Median Earnings
$799
Median Rent
$75,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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 - Industrial-zoned facility with a heated garage, two offices, and separate restroom accommodations for automotive service operations.
Where is this auto shop located?
The property is located at 901 S Pennsylvania Avenue 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: 2,975 square feet on a 0.482‑acre parcel; Two car lifts remain with the property; Heated garage with air conditioned offices
