Auto Auction Property for
For Sale
Contact for pricing
1 SW 112th Street, Lawton, OK 73505
14,000 SF building with drive-thru auction tunnel.
Property Size14,000 SF
Price / SF$114.29
Days on Market2235
Property Features for 1 SW 112th Street
General Information
Standard status
Active
Size
14,000 SF
Class
B
Property subtype
Industrial
Zoning
A-1
Building Details
Year Built
1996
Listing Agency:
Cummins-Setters Commercial Partners
Listed By:
Randy Ray · License #OK 155865
Source:
Crexi
Added: Jun 30, 2020
Changed: Aug 11
Last Checked: Aug 11 at 9:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cummins-Setters Commercial Partners
Investment Insights
Based on property information with market context.
The property features a 14,000 square foot building currently operating as an auto auction. The building includes a drive-thru auction tunnel. The sale encompasses the building with all improvements, furniture, equipment, and items associated with the auction business. Included in the sale are: 1 Freightliner semi truck with a 2020 Cottrel 7 car trailer; 3 car Easy Haul trailer; 1 ton Chevy Duramax. The seller will vacate the premises prior to closing if the buyer does not intend to continue the existing business.
Key Highlights
- Existing successful auto auction business for sale.
- Features a 14,000 sf building with drive‑thru auction tunnel.
- Sale includes all furniture, equipment, and items associated with the auction business.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,707
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,414,140
$1.4M
Cap Rate 7%
$1,010,100
$1.0M
Cap Rate 9%
$785,633
$785.6K
Market Conditions
NOI Build-Up for 14,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$109.2K $7.80/SF
− Vacancy
−$8.2K −$0.59/SF
EGI
$101.0K $7.22/SF
− OpEx
−$30.3K −$2.16/SF
NOI
$70.7K $5.05/SF
Area
Comanche County, OK
Vacancy
7.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,414,140
Cap Rate 7%
$1,010,100
Cap Rate 9%
$785,633
Alternative Uses
Best Use
Retail
$2.67M
$2.33M – $3.11M
NOI $186,712 @ 7.0% cap · market cap 11.67%
Second Best
Industrial
$1.01M
$883.8K – $1.18M
NOI $70,707 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$3.44M
$3.01M – $4.02M
NOI $240,993 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73505, OK
46,881
Population
22,124
Households
2.1
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
64.6 sq mi
ZIP Area
726
Density / Sq Mi
$57,496
Median Household Income
$33,601
Median Earnings
$915
Median Rent
$147,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Parking lot & garage - 14,000 SF building with drive-thru auction tunnel.
Where is this parking lot & garage located?
The property is located at 1 SW 112th Street Lawton, OK.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Existing successful auto auction business for sale.; Features a 14,000 sf building with drive‑thru auction tunnel.; Sale includes all furniture, equipment, and items associated with the auction business.
