Property profile

16400 NE 23Rd St Choctaw, OK 73020

FOR SALE
Car washes
Property ID
US69-0557314
4,024 SF 0.78 ac lot Built 2005
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional turnkey car wash opportunity in Choctaw, Oklahoma, presents a lucrative investment prospect. Located at 16400 NE 23rd St, 73020, this well-established business boasts a substantial 4,024 square foot building on a generous 33,855 square foot lot. Constructed in 2005, the property features a comprehensive setup including one automatic Water Wizard bay and five self-serve bays, ensuring efficient operation and diverse service offerings. Six vacuum stations strategically placed throughout the facility cater to customer needs, complemented by six vending machines for added revenue streams. The sale includes an additional small four-bay self-serve car wash for an additional $100,000, significantly enhancing the overall value and potential return on investment. This presents a rare chance to acquire a thriving, established business with proven profitability in a desirable location. The asking price for this complete package is $750,000. This turnkey operation offers immediate income potential with minimal setup required, making it an attractive option for experienced investors or entrepreneurs seeking a profitable venture in the car wash industry. The property's size and location provide ample space for operations and potential expansion, ensuring long-term growth and profitability.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 2005
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,024 SF
Lot 0.78 ac (33,846 SF)
APN 19-484-3010
UPID US69-0557314

Cap rate & NOI

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

Location

16400 NE 23Rd St Choctaw, OK 73020
Choctaw metro Census 109004 OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2019
4 recorded transactions
2022
Price N/A
2019
$530,000
2018
$1.1M
2013
$825,000

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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