El Reno Auto
For Sale
$650,000
108 SE 27th St, El Reno, OK 73036
8,000 SF auto shop with multiple drive-in doors.
Property Size8,000 SF
Price / SF$81.25
Days on Market159
Property Features for 108 SE 27th St
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Industrial
Building Details
Year Built
1979
Listing Agency:
NAI RED Commercial Real Estate
(405) 641-9798
Listed By:
Bob Sullivan · License #OK #111159
(405) 641-9798
Source:
Naiglobal
Added: Mar 6
Changed: Jul 6
Last Checked: Aug 11 at 5:51AM
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 NAI RED Commercial Real Estate
Investment Insights
Based on property information with market context.
This is an 8,000 square foot commercial property in El Reno, Oklahoma. The property has been used as a body shop for many years. It features three 12-foot drive-in doors and two 10-foot drive-in doors. The property includes an 800 square foot office space and offers a 12-foot clear height. The building is equipped with 400 Amps of power.
Key Highlights
- 8,000 SF MOL of total space
- Multiple Drive‑In Doors: (3) 12’ and (2) 10’
- 400 Amps Power
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
$49,674
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
7.64%
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%
$993,480
$993.5K
Cap Rate 7%
$709,629
$709.6K
Cap Rate 9%
$551,933
$551.9K
Market Conditions
NOI Build-Up for 8,000 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
$76.8K $9.60/SF
− Vacancy
−$5.8K −$0.73/SF
EGI
$71.0K $8.87/SF
− OpEx
−$21.3K −$2.66/SF
NOI
$49.7K $6.21/SF
Area
Canadian County, OK
Vacancy
7.60%
Lease Rate
$9.60 /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%
$993,480
Cap Rate 7%
$709,629
Cap Rate 9%
$551,933
Alternative Uses
Best Use
Retail
$1.10M
$965.7K – $1.29M
NOI $77,253 @ 7.0% cap · market cap 11.89%
Second Best
Industrial
$709.6K
$620.9K – $827.9K
NOI $49,674 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,935 @ 7.0% cap · market cap 18.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
52k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 33%
Home Improvements & Furnishings 8%
Electronics 1%
Shell
Shops & Services
18,450 visits/mo
0.3 miles
Wendy's
Dining
8,013 visits/mo
0.4 miles
Phillips 66
Shops & Services
5,361 visits/mo
0.1 miles
China King
Dining
4,966 visits/mo
0.2 miles
Dollar General
Shops & Services
4,699 visits/mo
0.2 miles
Demographics for 73036, OK
19,602
Population
7,790
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
87%
High-School Grad
183.8 sq mi
ZIP Area
107
Density / Sq Mi
$59,617
Median Household Income
$35,660
Median Earnings
$912
Median Rent
$162,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Diffee Ford Service — 1681 E Interstate-40, El Reno, OK 73036
- El Reno Paint & Body Shop — 1120 SE 27th St #5759, El Reno, OK 73036
- Jay's Body Shop — 108 SE 27th St, El Reno, OK 73036
- Diffee Lincoln Parts & Service — 1681 E Interstate-40, El Reno, OK 73036
- Premier Alignments & Customs — 106 SE 27th St, El Reno, OK 73036
Frequently Asked Questions
What type of property is this?
Auto shop - 8,000 SF auto shop with multiple drive-in doors.
Where is this auto shop located?
The property is located at 108 SE 27th St El Reno, 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: 8,000 SF MOL of total space; Multiple Drive‑In Doors: (3) 12’ and (2) 10’; 400 Amps Power
