Two-Building Mixed-Use
1013 Southwest Sheridan Road, Lawton, OK 73505
For Sale
Contact for pricing
One building is owner-occupied, while the other is leased to an existing tenant.
Property Size9,150 SF
Price / SF$92.90
Days on Market54
Property Features for 1013 Southwest Sheridan Road
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Pylon Signage
Amenities
upgraded LED ceiling lighting
private offices
2 restrooms
large paved parking area
Building Details
Buildings
Tenancy
Owner Occupied
Listing Agency:
Insight Commercial Real Estate
Listed By:
Melissa Busse
(580) 353-6100
Source:
Crexi
Added: Sep 18
Changed: Nov 2
Last Checked: Nov 10 at 5:35AM
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 Insight Commercial Real Estate
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Investment Insights
Based on property information with market context.
The property comprises two buildings totaling approximately 9,150 SF. The approximately 6,080-SF building is owner-occupied and configured with a retail showroom, classroom, and service areas. Improvements include LED ceiling lighting, two new 5-ton HVAC units, and a roof replaced approximately five years ago. The second building contains approximately 3,073 SF and is leased to an existing tenant. It includes private offices and two restrooms, along with recently replaced carpet, a new 5-ton HVAC unit installed in 2026, and a roof replaced in 2026.
A large paved parking area and pole sign serve the property along SW Sheridan Road. Nearby businesses include O'Reilly Auto Parts, Wayne's Drive-In, Taco Bell, McDonald's, Arby's, Murphy's Gas Station, Braum's, Walmart, Sam's Club, and Comanche County Fairgrounds.
A large paved parking area and pole sign serve the property along SW Sheridan Road. Nearby businesses include O'Reilly Auto Parts, Wayne's Drive-In, Taco Bell, McDonald's, Arby's, Murphy's Gas Station, Braum's, Walmart, Sam's Club, and Comanche County Fairgrounds.
Key Highlights
- Two buildings with approximately 9,150 SF combined
- Approximately 6,080‑SF owner‑occupied building with showroom, classroom, and service areas
- Approximately 3,073‑SF building leased to an existing tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,674
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,480
$1.2M
Cap Rate 7%
$838,200
$838.2K
Cap Rate 9%
$651,933
$651.9K
Market Conditions
NOI Build-Up for 9,150 SF
Gross rent
$104.3K $11.40/SF
− Vacancy
−$10.4K −$1.14/SF
EGI
$93.9K $10.26/SF
− OpEx
−$35.2K −$3.85/SF
NOI
$58.7K $6.41/SF
Area
Comanche County, OK
Vacancy
10.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,480
Cap Rate 7%
$838,200
Cap Rate 9%
$651,933
Alternative Uses
Best Use
Retail
$1.74M
$1.53M – $2.03M
NOI $122,030 @ 7.0% cap · market cap 14.36%
Second Best
Mixed Use
$838.2K
$733.4K – $977.9K
NOI $58,674 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,506 @ 7.0% cap · market cap 18.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 15%
Home Improvements & Furnishings 6%
O'Reilly Auto Parts
Shops & Services
5,047 visits/mo
0.5 miles
Valero Energy
Shops & Services
2,176 visits/mo
0.2 miles
China Express
Dining
1,408 visits/mo
0.3 miles
United Rentals
Home Improvements & Furnishings
593 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - One building is owner-occupied, while the other is leased to an existing tenant.
Where is this mixed-use property located?
The property is located at 1013 Southwest Sheridan Road Lawton, OK.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two buildings with approximately 9,150 SF combined; Approximately 6,080‑SF owner‑occupied building with showroom, classroom, and service areas; Approximately 3,073‑SF building leased to an existing tenant
