Technical
Financial
Distress signals
Property profile

10910 31st St Tulsa, OK 74146

OFF-MARKET
Car washes
Property ID
US69-0335392
4,628 SF 1.78 ac lot Built 2016
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple 4,296 sq ft car wash in Tulsa, OK, on a 1.78-acre lot. Built in 2016, the property boasts a 15.3-year remaining lease term (expiring 03/02/2040) with a reputable, multi-state operator, WhiteWater Express. The absolute NNN lease includes annual rent bumps of 1.25% (starting October 2024) and four 5-year renewal options, each with a 1.25% annual increase. The property generates a strong NOI of $300,000, resulting in a 6.90% cap rate. Located at 10910 E 31st St, Tulsa, OK 74146, this strategically positioned car wash benefits from high traffic counts (Highway 169 proximity), a large daytime population, and significant population growth in the surrounding area. The corporate guarantor boasts a $500 million net worth, providing exceptional financial security. This is a prime investment opportunity offering significant tax advantages due to fee-simple ownership and ideal for bonus depreciation. The asking price is $4,350,000. The property's APN is 77585-94-19-2540.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 2016
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,628 SF
Lot 1.78 ac (77,363 SF)
Zoning code CS
APN 77585-94-19-25400
UPID US69-0335392

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash

Location

10910 31st St Tulsa, OK 74146-1703
Tulsa metro Census 9012 TULSA, OK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.48M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.72M

Owner & transaction history

since 2021
Last sale
$3.5M
5 recorded transactions
2021
Price N/A
2021
$3.5M
2016
Price N/A
2015
Price N/A
1969
Price N/A

Zoning & alternative use

CS · Tulsa, OK
Zoning description

CS Commercial Shopping CG Commercial General CH Commercial-High CBD Central Business IL Industrial-Light IM Industrial-Moderate IH Industrial-Heavy Most intensive O, C or I district B. Purposes. 1. General. Office, comme…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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