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    5959 39Th Expy Warr Acres, OK 73122
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    5959 39Th Expy Warr Acres, OK 73122

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    Property Details for 5959 39Th Expy

    Property type
    Retail properties & Spaces
    Property subtype
    Auto shops

    Description

    This exceptional retail property, located at 5959 NW 39th Expy in Warr Acres, Oklahoma, presents a significant opportunity for auto-related businesses. The property, zoned for retail auto sales, boasts a prime location directly on Route 66, a major thoroughfare ensuring high visibility and substantial traffic exposure. Recently updated with all new paint and lighting, the space is available for lease or sale and offers considerable flexibility. The property can be leased in its entirety or divided into portions, each with its own office space. The expansive lot is well-suited for various automotive uses, including sales, maintenance, repairs, body work, and painting. Its strategic location in a bustling commercial area, surrounded by other car-related businesses, makes it an ideal investment for owner-users or investors seeking a high-return opportunity. The property is ready for occupancy on March 20, 2024. This is a rare chance to secure a prominent location on Route 66, a key artery for commerce in the Bethany area. Further details are available upon request. The property's zip code is 73122, and it's situated in Oklahoma County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Warr Acres
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6222
    Latitude
    35.5117

    Comparable in this City

    • Value Estimation by Request
      3,720 SF

      5959 39th St

      AUTO REPAIR, GARAGE • 3,720 SF
      5959 39th St, Warr Acres, OK 73122-2015
      View Details
    • Value Estimation by Request
      4,692 SF

      4620 39th St

      AUTO REPAIR, GARAGE • 4,692 SF
      4620 39th St, Oklahoma City, OK 73122-2516
      View Details
    • Value Estimation by Request
      2,496 SF

      4727 39th St

      AUTO REPAIR, GARAGE • 2,496 SF
      4727 39th St, Oklahoma City, OK 73122-2514
      View Details
    • Value Estimation by Request
      1,800 SF

      3101 Macarthur Blvd

      AUTO REPAIR, GARAGE • 1,800 SF
      3101 Macarthur Blvd, Oklahoma City, OK 73122-1003
      View Details
    • Value Estimation by Request
      5,800 SF

      4728 39th St

      AUTO REPAIR, GARAGE • 5,800 SF
      4728 39th St, Oklahoma City, OK 73122-2505
      View Details
    • Value Estimation by Request
      2,257 SF

      5920 39th St

      AUTO REPAIR, GARAGE • 2,257 SF
      5920 39th St, Warr Acres, OK 73122-2009
      View Details

    Similar Nearby for Sale

    • $250,000

      Commercial Land For Sale

      1.34 acres of C-3 zoned commercial land.
      5113 N Macarthur Blvd, Oklahoma City, OK 73122
      View Details
    • $2,676,000
      36,356 SF

      High-Visibility Office Building For Sale

      36,356 SF office building on a 74,480 SF lot.
      3131 N Macarthur Blvd, Oklahoma City, OK 73122
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    • Contact for pricing
      102,980 SF

      Oklahoma City Multifamily Investment

      126-unit multifamily property in a growing, landlord-friendly Oklahoma City market.
      5811 NW 34Th St, Oklahoma City, OK 73122
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    Similar Nearby for Lease

    • $1,200 /Mo
      5,632 SF

      Retail Space Available For Rent

      Retail property with great tenant mix and pylon sign.
      5730-5800 NW 39Th St, Oklahoma City, OK 73122
      View Details
    • Contact for pricing
      3,865 SF

      Retail Space with Pylon Signage

      Recently remodeled retail space with ample parking and great accessibility.
      3804 N Macarthur Blvd, Warr Acres, OK 73122
      View Details
    • $9 SF/Yr

      Hard Corner Retail Space

      Retail space with frontage along Route 66.
      3939 N Macarthur Blvd, Oklahoma City, OK 73122
      View Details
    • $9 SF/Yr
      1,250 SF

      Retail Space on Route 66

      Retail space with frontage on Route 66 and ample parking.
      3939 Macarthur Blvd, Warr Acres, OK 73122
      View Details
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    Warr Acres, OK 73122
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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