1108 SW Park Ave, Lawton, OK
Two fully occupied retail spaces near high-traffic intersection.
- Added:
- Apr 4, 2024
- Days on Market:
- 796
- Last Refresh:
- May 19 at 10:50 pm
Property Features for 1108 SW Park Ave
General Information
- Standard status
- Active
- Size
- 1,686 SF
- Lot size
- 0.64 Acres
- Property subtype
- RETAIL
Listing agent Melissa Busse (580) 353-6100
Listing office Insight Commercial Real Estate Brokerage, LLC (580) 353-6100
Listing date Apr 4, 2024
Source Moodyscre
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 Brokerage, LLC
HighLights
- Fully occupied properties generating immediate income.
- High‑traffic location on SW 11th St. near Lee Blvd.
- Signage highly visible from 11th St.
- Ample parking available.
- Lease in place with one‑year renewal option.
- Combined lot size of ±10.64 acres offering potential for expansion.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.8k | $21.24 |
| − Vacancy | −$3.7k | −$2.19 |
| EGI | $32.1k | $19.05 |
| − OpEx | −$9.6k | −$5.72 |
| NOI | $22.5k | $13.34 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lawton
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.4053
- Latitude
- 34.5961
