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1711 N Meridian Ave - Car Wash 5,064 SF Specialty Building Offered at $995,000 at a 9.12% Cap Rate in Oklahoma City, OK 73107
Investment Highlights
- ALL EQUIPMENT INSIDE AND OUT IS ONLY 6 YEARS OLD
- SELLERS ARE ABSENTEE OWNERS SO THE WASH IS NOT WELL TAKEN CARE OF CURRENTLY
- ONLY NEEDS COSMETIC UPGRADES
Executive Summary
9 bay self serve and 1 touch automatic. Property is distressed now but was fully renovated in 2020 with all new equipment inside and out so while it looks rough now, it is mainly cosmetic.
* The wash grossed over $464,000 in 2022 so the potential is there and proven *
* The wash grossed over $464,000 in 2022 so the potential is there and proven *
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$223,281
|
$44.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$223,281
|
$44.09
|
| Taxes |
$34,647
|
$6.84
|
| Operating Expenses |
$97,905
|
$19.33
|
| Total Expenses |
$132,552
|
$26.18
|
| Net Operating Income |
$90,729
|
$17.92
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $223,281 |
| Annual Per SF | $44.09 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $223,281 |
| Annual Per SF | $44.09 |
| Taxes | |
|---|---|
| Annual | $34,647 |
| Annual Per SF | $6.84 |
| Operating Expenses | |
|---|---|
| Annual | $97,905 |
| Annual Per SF | $19.33 |
| Total Expenses | |
|---|---|
| Annual | $132,552 |
| Annual Per SF | $26.18 |
| Net Operating Income | |
|---|---|
| Annual | $90,729 |
| Annual Per SF | $17.92 |
Property Facts
| Price | $995,000 | Lot Size | 0.94 AC |
| Price Per SF | $196.48 | Building Size | 5,064 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 9.12% | Year Built/Renovated | 2003/2020 |
| Property Type | Specialty | Parking Ratio | 6.32/1,000 SF |
| Property Subtype | Car Wash | No. Drive In / Grade-Level Doors | 2 |
| Building Class | C | ||
| Zoning | C-3 | ||
| Price | $995,000 |
| Price Per SF | $196.48 |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.12% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.94 AC |
| Building Size | 5,064 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2003/2020 |
| Parking Ratio | 6.32/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | C-3 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 147868415 | Total Assessment | $257,408 |
| Land Assessment | $18,059 | Annual Taxes | $34,647 ($6.84/SF) |
| Improvements Assessment | $239,349 | Tax Year | 2025 |
Property Taxes
Parcel Number
147868415
Land Assessment
$18,059
Improvements Assessment
$239,349
Total Assessment
$257,408
Annual Taxes
$34,647 ($6.84/SF)
Tax Year
2025
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1711 N Meridian Ave - Car Wash