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1711 N Meridian Ave - Car Wash 5,064 SF Specialty Building Offered at $1,378,204 CAD 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$309,273
|
$61.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$309,273
|
$61.07
|
| Taxes |
$47,991
|
$9.48
|
| Operating Expenses |
$135,611
|
$26.78
|
| Total Expenses |
$183,602
|
$36.26
|
| Net Operating Income |
$125,671
|
$24.82
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $309,273 |
| Annual Per SF | $61.07 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $309,273 |
| Annual Per SF | $61.07 |
| Taxes (CAD) | |
|---|---|
| Annual | $47,991 |
| Annual Per SF | $9.48 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $135,611 |
| Annual Per SF | $26.78 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $183,602 |
| Annual Per SF | $36.26 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $125,671 |
| Annual Per SF | $24.82 |
Property Facts
| Price | $1,378,204 CAD | Lot Size | 0.94 AC |
| Price Per SF | $272.16 CAD | 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 | $1,378,204 CAD |
| Price Per SF | $272.16 CAD |
| 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 | $356,150 CAD |
| Land Assessment | $24,986 CAD | Annual Taxes | $47,991 CAD ($9.48 CAD/SF) |
| Improvements Assessment | $331,163 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
147868415
Land Assessment
$24,986 CAD
Improvements Assessment
$331,163 CAD
Total Assessment
$356,150 CAD
Annual Taxes
$47,991 CAD ($9.48 CAD/SF)
Tax Year
2025
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1711 N Meridian Ave - Car Wash
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