6750 Lewis AveTulsa, OK 74136

Property Details for 6750 Lewis Ave

Year built

2006

Construction

STEEL FRAME

Lot size

0.89 AC

Property size (Sq ft)

4,413 SF

Zone code

CS

Property type

Car washes

APN

23015-83-06-37800

APU

23015830637800

Description

This exceptional investment opportunity presents a thriving, single-unit car wash located at 6750 S Lewis Avenue, Tulsa, Oklahoma, 74136. Built in 2006 and extensively renovated in 2018, this 4,420 square foot facility sits on a substantial 38,768 square foot lot zoned CS. The property boasts a 120-foot conveyor system, a nine-station central vacuum system, and two automated entry-pay station lanes, ensuring efficient operation and high throughput. Key equipment includes a Belanger equipment package and Tunnelmaster POS by ICS. Recent improvements include new concrete aprons and a fully restored water recycling system, addressing all deferred maintenance. The property's strong financial performance is evidenced by a $94,696 net operating income (NOI) and a 3.64% cap rate, making it an attractive investment with an asking price of $2,600,000. The strategic location, over two miles from the nearest competitor, benefits from excellent traffic and demographics. This turnkey operation offers immediate income generation and significant potential for future growth. The property's single-story building is well-maintained and ready for continued success. This is a rare opportunity to acquire a high-performing car wash in a prime Tulsa location.

• CAP approach

  CAP return

  Valuation

  6%

  $876,313

  6.5%

  $808,905

  7%

  $751,126

• Comparable approach

  Method

  Valuation

  Relative Method

  $795,468

  Geo Method

  $795,468

• Alternative Use

  Use

  Valuation

  Residential

  $682,341

  Hospitality

  $625,021

  Educational

  $520,010

  Medical

  $537,894

  Retail

  $808,905

Location Insight

City

Tulsa

County

Tulsa

State

Oklahoma

Latitude

36.064

Longitude

-95.9584

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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