Property profile

1821 Memorial Rd Oklahoma City, OK 73131

OFF-MARKET
Car washes
Property ID
US69-0667546
3,513 SF 1.01 ac lot Built 2008
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This turnkey car wash presents a unique investment opportunity in Oklahoma City, Oklahoma. Located at 1821 E Memorial Rd, 73131, this property boasts a substantial 3,202 square foot building on a generous 1.02-acre lot. Constructed in 2008, the car wash is currently vacant, offering a blank canvas for a new operator or an ideal addition to an existing portfolio. The asking price is $1,500,000, translating to $468.46 per square foot. The property benefits from flexible PUD-360 zoning and enjoys exceptional visibility and accessibility, situated approximately 0.5 miles from Oklahoma Christian University. This prime location within a dense retail corridor benefits from high daily traffic volume, estimated at approximately 194,000 vehicles per day, and is surrounded by national tenants. Oklahoma City's status as the third most car-dependent metro area in the country further underscores the potential for strong returns. This is a rare chance to acquire a well-positioned, sizable car wash property in a thriving market.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,513 SF
Lot 1.01 ac (44,213 SF)
APN 18-250-6125
UPID US69-0667546

Cap rate & NOI

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

Location

1821 Memorial Rd Oklahoma City, OK 73131-1251
Oklahoma City metro Census 108319 OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
$915k
Blend (final) Blend
$1.01M

Owner & transaction history

since 2022
Last sale
$1.0M
7 recorded transactions
2022
$1.0M
2019
$1.8M
2018
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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