Automotive Facility with Wash
For Sale
Contact for pricing
9330 South Memorial Drive, Tulsa, OK 74133
Specialized facility with multiple service bays and a dedicated wash bay, plus finished lobby, café, and sales offices.
Property Size12,306 SF
Price / SF$341.30
Days on Market88
Property Features for 9330 South Memorial Drive
General Information
Standard status
Active
Size
12,306 SF
Property subtype
Retail
Zoning
PUD 405-J
Lease Type
NNN
Additional Details
Highway Access
Yes
Building Details
Year Built
2003
Listing Agency:
CBRE - Tulsa
Listed By:
Carrie Claiborne · License #181024
(918) 906-0224
Source:
Crexi
Added: Jun 12
Changed: Sep 4
Last Checked: Sep 7 at 7:23AM
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 CBRE - Tulsa
Investment Insights
Based on property information with market context.
CBRE presents a specialized automotive facility at 9330 South Memorial Drive in Tulsa, OK, configured for service-driven operations such as auto collision repair, detailing, or similar uses. The building includes multiple service bays to support efficient workflow, including a dedicated wash bay. Interior improvements include high-quality finishes throughout a lobby area, café area, and sales offices, creating a polished environment for customers and staff.
The property is strategically positioned with excellent highway visibility and convenient access, supporting strong exposure and ease of customer reach for service businesses.
This offering combines purpose-built service bays with professional customer and office finishes, aligning well with operators seeking a facility designed around high-function automotive work and on-site client interaction.
The property is strategically positioned with excellent highway visibility and convenient access, supporting strong exposure and ease of customer reach for service businesses.
This offering combines purpose-built service bays with professional customer and office finishes, aligning well with operators seeking a facility designed around high-function automotive work and on-site client interaction.
Key Highlights
- Specialized automotive facility built in 2003
- Multiple service bays designed for efficient workflow
- Dedicated wash bay for wash and detailing service
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
$171,779
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
4.09%
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%
$3,435,580
$3.4M
Cap Rate 7%
$2,453,986
$2.5M
Cap Rate 9%
$1,908,656
$1.9M
Market Conditions
NOI Build-Up for 12,306 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
$243.7K $19.80/SF
− Vacancy
−$14.6K −$1.19/SF
EGI
$229.0K $18.61/SF
− OpEx
−$57.3K −$4.65/SF
NOI
$171.8K $13.96/SF
Area
ZIP 74133
Vacancy
6.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
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%
$3,435,580
Cap Rate 7%
$2,453,986
Cap Rate 9%
$1,908,656
Alternative Uses
Best Use
Specialty Retail
$2.45M
$2.15M – $2.86M
NOI $171,779 @ 7.0% cap · market cap 4.09%
Second Best
Retail
$2.12M
$1.85M – $2.47M
NOI $148,207 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$3.27M
$2.86M – $3.81M
NOI $228,596 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
124k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 27%
Home Improvements & Furnishings 9%
McDonald's
Dining
26,551 visits/mo
0.4 miles
McAlister's Deli
Dining
15,096 visits/mo
0.4 miles
Old Time Pottery
Home Improvements & Furnishings
10,698 visits/mo
0.5 miles
Chicken Express
Dining
9,674 visits/mo
0.4 miles
The Big Biscuit
Dining
9,597 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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Similar Off Market Nearby
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- Jackie Cooper Nissan Service — 9898 S Memorial Dr, Tulsa, OK 74133
- Genesis of Tulsa Auto Service — 9777 S Memorial Dr, Tulsa, OK 74133
- BMW — 9777 S Memorial Dr, Tulsa, OK 74133
Frequently Asked Questions
What type of property is this?
Auto shop - Specialized facility with multiple service bays and a dedicated wash bay, plus finished lobby, café, and sales offices.
Where is this auto shop located?
The property is located at 9330 South Memorial Drive Tulsa, OK.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Specialized automotive facility built in 2003; Multiple service bays designed for efficient workflow; Dedicated wash bay for wash and detailing service
