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    Property profile & analytics

    8324 Candlewood Dr Oklahoma City, OK 73132

    • Auto shops
    • 1,271 SF
    • 0.60 lot acres
    For Sale
    View listing
    $650,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0028434
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bad Day Towing Company / Auto Repair Shop

    Property Details for 8324 Candlewood Dr

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    0.60 lot acres
    Property size
    1,271 SF
    Property type
    Auto shops
    APN
    14-068-1185
    APU
    140681185

    Description

    This thriving 1,575 square foot auto repair center is strategically located in Oklahoma City, OK, at 8324 Candlewood Dr, zip code 73132, offering exceptional visibility and accessibility. Situated on a 0.69-acre lot, the property boasts ample space for multiple vehicles and convenient front parking, enhancing customer experience. Its prime location between NW Expressway, MacArthur Blvd, and Rockwell Ave, with direct access via Candlewood Drive, provides easy access to the high-demand neighborhoods of Springbrook, Windsor Lakes, and Rock Knoll. The existing layout is designed for efficiency and customer convenience, but the expansive fenced lot presents significant opportunities for expansion or customization. This allows for the creation of diversified income streams or tailored development to meet evolving market demands. The asking price is $650,000, translating to $412.70 per square foot. This represents a compelling owner/user investment opportunity in a high-growth area. The property is a single-tenancy retail space, classified as an auto shop. This turnkey operation offers immediate income potential and significant long-term growth prospects.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6299
    Latitude
    35.5557
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,557
    $7,933
    $13,038
    $20,971
    -
    $72,124
    $118,526
    $190,650

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      5847 63rd St

      AUTO REPAIR, GARAGE • 2,400 SF
      5847 63rd St, Warr Acres, OK 73132
      View Details
    • Value Estimation
      $985,000
      1,703 SF

      5824 Expy Expressway

      AUTO REPAIR, GARAGE • 1,703 SF
      5824 Expy Expressway, Warr Acres, OK 73132-5239
      View Details
    • Value Estimation
      $1,890,000
      22,378 SF

      7401 Expy Expressway

      AUTO REPAIR, GARAGE • 22,378 SF
      7401 Expy Expressway, Oklahoma City, OK 73132-1548
      View Details
    • Value Estimation by Request
      4,770 SF

      8020 Rockwell Ave

      AUTO REPAIR, GARAGE • 4,770 SF
      8020 Rockwell Ave, Oklahoma City, OK 73132-4208
      View Details
    • Value Estimation
      $830,000
      8,140 SF

      4848 Expy Expressway

      AUTO REPAIR, GARAGE • 8,140 SF
      4848 Expy Expressway, Oklahoma City, OK 73132-5214
      View Details
    • Value Estimation
      $790,000
      18,400 SF

      8100 Rockwell Ave

      AUTO REPAIR, GARAGE • 18,400 SF
      8100 Rockwell Ave, Oklahoma City, OK 73132-4215
      View Details

    Similar Nearby for Sale

    • $1,252,174
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      Take 5 Oil Change - Warr Acres

      High-Yield Auto Shop Investment, OK
      5930 Expy, Warr Acres, OK 73132
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    • $650,000
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      OKC Auto Repair Center - $650K

      Profitable auto shop, prime OKC location.
      8324 Candlewood Dr, Oklahoma City, OK 73132
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    • $3,900,000
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      Prime OKC Retail Storefront

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      Retail Investment Opportunity

      Retail property for sale in Oklahoma City.
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    • $3,695,498
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      Fully Occupied Shopping Center

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    • $695,000

      New Commercial Building For Sale

      4,620 SF new construction warehouse/shop, completion February 2026.
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    Similar Nearby for Lease

    • Contact for pricing
      33,442 SF

      NW Expressway Retail Opportunity

      Prime Warr Acres Retail Space - 33,442 SF
      5930 Expy, Warr Acres, OK 73132
      View Details
    • $14 SF/Yr
      1,230 SF

      Retail Space on NW Expressway

      Well-maintained shopping center retail space for lease.
      6728 Expressway NW, Oklahoma City, OK 73132
      View Details
    • $16 SF/Yr
      3,587 SF

      2,859 SF-3,587 SF Retail Space For Lease - Courtyard Plaza

      2,859 SF-3,587 SF Retail Space For Lease - Courtyard Plaza
      6401 N.W. Expressway, Oklahoma City, OK 73132
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    • $14 SF/Yr
      2,000 SF

      Retail Space on NW Expressway

      Well-located retail space in a thriving Oklahoma City area.
      6720 Expressway NW, Oklahoma City, OK 73132
      View Details
    • Contact for pricing
      2,400 SF

      NW Expressway Retail Opportunity

      Prime OKC location, 2400 sqft, high traffic.
      6645 Expressway, Oklahoma City, OK 73132
      View Details
    • $16 SF/Yr
      14,110 SF

      Rockwell Plaza Retail Center

      Oklahoma City Shopping Center - Spaces Available
      7300 Expressway, Oklahoma City, OK 73132
      View Details
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    Oklahoma City, OK 73132
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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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