Tulsa Car Wash Investment
For Sale
$3,500,000
9330 South Memorial Drive, Tulsa, OK 74133
9,450 sqft Full-Service Car Wash For Sale
Property Size9,450 SF
Price / SF$370.37
Days on Market588
Property Features for 9330 South Memorial Drive
General Information
Standard status
Active
Property type
Other specialty properties, Automotive properties, Specialty properties, Retail properties & Spaces
Size
9,450 SF
Elevators
N/A
Listing Agency:
(918) 392-7257
Listed By:
Tony
(918) 392-7257
Added: Jan 9, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This full-service car wash in Tulsa, Oklahoma, offers a lucrative investment opportunity. The property includes a 9,450 square foot building on approximately 1.28 acres of land. The main facility features a 3,520 square foot conveyor tunnel wash bay, a 3,220 square foot bay suitable for detailing or other uses, and a 1,963 square foot café/waiting/sales area. A separate 747 square foot freestanding detailing building adds to the operational flexibility. Over 1,000 square feet of available basement space further enhances the property's potential. The property also features 23 surface parking spaces. Its location within 1.5 miles of nine or more car dealerships provides a high-traffic customer base. Convenient access to the Creek Turnpike and Highway 169 ensures easy accessibility. The property is zoned PUD-405-J.
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
$113,811
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
3.25%
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%
$2,276,220
$2.3M
Cap Rate 7%
$1,625,871
$1.6M
Cap Rate 9%
$1,264,567
$1.3M
Market Conditions
NOI Build-Up for 9,450 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
$175.8K $18.60/SF
− Vacancy
−$13.2K −$1.40/SF
EGI
$162.6K $17.21/SF
− OpEx
−$48.8K −$5.16/SF
NOI
$113.8K $12.04/SF
Area
ZIP 74133
Vacancy
7.50%
Lease Rate
$18.60 /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%
$2,276,220
Cap Rate 7%
$1,625,871
Cap Rate 9%
$1,264,567
Alternative Uses
Best Use
Retail
$1.63M
$1.42M – $1.90M
NOI $113,811 @ 7.0% cap · market cap 3.25%
Second Best
Industrial
$915.7K
$801.2K – $1.07M
NOI $64,099 @ 7.0% cap · market cap 1.83%
Theoretical Best
Office A
$2.51M
$2.19M – $2.93M
NOI $175,543 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Public Storage
Shops & Services
1,639 visits/mo
0.5 miles
Demographics for 74133, OK
48,331
Population
22,638
Households
2.1
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,528
Density / Sq Mi
$73,983
Median Household Income
$43,897
Median Earnings
$1,129
Median Rent
$254,700
Median Home Value
Market
Vacancy Rate% for Retail in Tulsa, OK
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Specialty property - 9,450 sqft Full-Service Car Wash For Sale
Where is this specialty property located?
The property is located at 9330 South Memorial Drive Tulsa, OK.
What is the asking price?
The asking price for this property is $3,500,000.
