Fully Leased Retail Storefront
For Sale
Contact for pricing
1108 SW Park Ave, Lawton, OK 73501
Two fully occupied retail storefronts include highly visible signage and ample parking near the SW 11th St./Lee Blvd intersection.
Property Size1,686 SF
Price / SF$235.47
Days on Market892
Property Features for 1108 SW Park Ave
General Information
Standard status
Active
Size
1,686 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Insight Commercial Real Estate Brokerage, LLC
Listed By:
Melissa Busse
(580) 353-6100
Source:
Moodyscre
Added: Apr 4, 2024
Changed: Aug 11
Last Checked: Sep 12 at 6:55AM
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
Investment Insights
Based on property information with market context.
This offering includes two fully occupied retail storefront properties: 1108 SW Park Ave and 1105 SW 11th St. Both spaces feature signage described as highly visible from SW 11th St. and offer ample parking. The first property, 1108 SW Park Ave, is ±1,686 SF, and the second, 1105 SW 11th St., is ±722 SF. Combined, the lots total approximately ±1.64 acres.
The properties are adjacent to high traffic SW 11th St. and positioned near the high-traffic intersection of 11th St. and Lee Blvd. Both properties are occupied by the same tenant under a year lease, with a one-to-one year option to renew. Financial information is available upon signing an NDA.
Nearby businesses mentioned in the remarks include McDonald’s, Dollar Tree, and Burger King.
The properties are adjacent to high traffic SW 11th St. and positioned near the high-traffic intersection of 11th St. and Lee Blvd. Both properties are occupied by the same tenant under a year lease, with a one-to-one year option to renew. Financial information is available upon signing an NDA.
Nearby businesses mentioned in the remarks include McDonald’s, Dollar Tree, and Burger King.
Key Highlights
- Two fully occupied retail investment properties adjacent to SW 11th St., near the high‑traffic intersection of 11th St. and Lee Blvd.
- 1108 SW Park Ave: ±1,686 SF retail space with highly visible signage from 11th St. and ample parking.
- 1105 SW 11th St.: ±722 SF retail space with highly visible signage and ample parking.
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
$22,486
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
5.66%
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%
$449,720
$449.7K
Cap Rate 7%
$321,229
$321.2K
Cap Rate 9%
$249,844
$249.8K
Market Conditions
NOI Build-Up for 1,686 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
$35.8K $21.24/SF
− Vacancy
−$3.7K −$2.19/SF
EGI
$32.1K $19.05/SF
− OpEx
−$9.6K −$5.72/SF
NOI
$22.5K $13.34/SF
Area
Comanche County, OK
Vacancy
10.30%
Lease Rate
$21.24 /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%
$449,720
Cap Rate 7%
$321,229
Cap Rate 9%
$249,844
Alternative Uses
Best Use
Retail
$321.2K
$281.1K – $374.8K
NOI $22,486 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$414.6K
$362.8K – $483.7K
NOI $29,022 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
84k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 40%
Apparel 5%
McDonald's
Dining
23,415 visits/mo
0.2 miles
Dollar Tree
Shops & Services
10,218 visits/mo
0.1 miles
Burger King
Dining
9,664 visits/mo
0.2 miles
Family Dollar
Shops & Services
8,714 visits/mo
0.1 miles
Stripes
Shops & Services
6,371 visits/mo
0.1 miles
Demographics for 73501, OK
19,158
Population
9,216
Households
2.1
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
105.0 sq mi
ZIP Area
182
Density / Sq Mi
$49,061
Median Household Income
$31,399
Median Earnings
$831
Median Rent
$119,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Retail space - Two fully occupied retail storefronts include highly visible signage and ample parking near the SW 11th St./Lee Blvd intersection.
Where is this retail space located?
The property is located at 1108 SW Park Ave Lawton, OK.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Two fully occupied retail investment properties adjacent to SW 11th St., near the high‑traffic intersection of 11th St. and Lee Blvd.; 1108 SW Park Ave: ±1,686 SF retail space with highly visible signage from 11th St. and ample parking.; 1105 SW 11th St.: ±722 SF retail space with highly visible signage and ample parking.
