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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9124 Council Rd Oklahoma City, OK 73132-1347

    • Car washes
    • 5,758 SF
    • 1.35 lot acres
    OFF-MARKET
    Last Sale
    Sep 20, 2021
    $1,775,000
    Value Estimations
    $1,660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-2270553
    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

    • Palms Car Wash / Car Wash
    • Club Car Wash / Car Wash
    • Vincent The Detailer / Car Wash
    • Palms Oil and Lube Center / Auto Repair Shop
    • Automatics Rain-X / Auto Repair Shop

    Property Details for 9124 Council Rd

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.35 lot acres
    Property size
    5,758 SF
    Property type
    Car washes
    APN
    12-576-1045
    APU
    125761045

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,610,000
      ML approach
      $1,650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,499,000
      Market price range: $406k - $1.50M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,645,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6557
    Latitude
    35.5636
    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
    $14,032
    $38,885
    $76,215
    $115,100
    -
    $353,502
    $692,866
    $1,046,368

    Comparable in this City

    • Value Estimation by Request
      4,598 SF

      7323 Expy Expressway

      CAR WASH • 4,598 SF
      7323 Expy Expressway, Oklahoma City, OK 73132-1546
      View Details
    • Value Estimation
      $1,885,000
      13,399 SF

      5857 Expy Expressway

      CAR WASH • 13,399 SF
      5857 Expy Expressway, Warr Acres, OK 73132-5240
      View Details
    • Value Estimation by Request
      1,632 SF

      5930 Expressway

      Automotive properties • 1,632 SF
      5930 Expressway, Warr Acres, OK 73132
      View Details
    • Value Estimation
      $1,080,000
      11,220 SF

      6414 Expy Expressway

      AUTO REPAIR, GARAGE • 11,220 SF
      6414 Expy Expressway, Oklahoma City, OK 73132-5131
      View Details
    • Value Estimation by Request
      5.67 Acres

      Oklahoma City, OK 73132

      PARKING LOT • 5.67 Acres
      Oklahoma City, OK 73132
      View Details
    • Value Estimation by Request
      6.23 Acres

      Oklahoma City, OK 73132

      PARKING LOT • 6.23 Acres
      Oklahoma City, OK 73132
      View Details

    Similar Nearby for Sale

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    • $650,000
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      OKC Auto Repair Center - $650K

      Profitable auto shop, prime OKC location.
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    • $346,500

      New Construction Warehouse/Shop For Sale

      2,100 SF warehouse/shop for sale, completion February 2026.
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    • $3,695,498
      26,050 SF

      Fully Occupied Shopping Center

      Shopping center in middle-class community near major roads.
      5801 W Britton Rd, Oklahoma City, OK 73132
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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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    • $3,900,000
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      Prime OKC Retail Storefront

      High-traffic location, 33,597 SF, $3.9M
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    Similar Nearby for Lease

    • $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
      View Details
    • $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
      20,515 SF

      Freestanding Anchor Retail Space

      20,515 SF freestanding anchor space available for rent.
      7730 Expressway NW, Oklahoma City, OK 73132
      View Details
    • Contact for pricing
      4,542 SF

      Retail Space on Northwest Expy

      Retail space with high visibility and traffic counts.
      6900 Expressway Northwest, Oklahoma City, OK 73132
      View Details
    • Contact for pricing
      1,952 SF

      Retail Space on NW Expressway

      Retail space with high visibility and traffic counts.
      7012 Expressway NW, Oklahoma City, OK 73132
      View Details
    • $11 SF/Yr
      2,316 SF

      Retail Space on NW Expressway

      Retail space for lease with ample parking and high visibility.
      7101 Expressway NW, Oklahoma City, OK 73132
      View Details
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    9124 Council Rd
    Oklahoma City, OK 73132-1347
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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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