Fully Occupied Retail Investment
For Sale
Contact for pricing
1108 SW Park Ave, Lawton, OK 73501
Retail spaces for sale near high-traffic intersection.
Property Size2,408 SF
Lot Size0.64 Acres
Price / SF$164.87
Days on Market1419
Property Features for 1108 SW Park Ave
General Information
Standard status
Active
Size
2,408 SF
Class
B
Lot size
0.64 Acres
Property subtype
Retail
Zoning
C-5
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Core+
Building Details
Year Built
2000
Buildings
2
Tenancy
Multi
Listing Agency:
Insight Commercial Real Estate
Listed By:
Melissa Busse · License #OK
(580) 353-6100
Source:
Crexi
Added: Dec 9, 2022
Changed: Oct 25
Last Checked: Oct 26 at 1:49PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two fully occupied retail spaces are available for sale near the intersection of 11th St. and Lee Blvd. The first property, located at 1108 SW Park Ave, offers approximately 1,686 square feet and features highly visible signage from 11th St. and ample parking. The second property, situated at 1105 SW 11th St., provides approximately 722 square feet, also with highly visible signage and ample parking. The combined lot size is approximately 0.64 acres, offering potential for expansion. Both properties are currently occupied by the same tenant under a year lease with a one-year renewal option. The properties are located near businesses such as McDonalds, Dollar Tree, and Burger King.
Key Highlights
- High‑traffic location at the intersection of 11th St. and Lee Blvd.
- Fully occupied retail spaces providing immediate income.
- Highly visible signage from 11th St. for both properties.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,115
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,300
$642.3K
Cap Rate 7%
$458,786
$458.8K
Cap Rate 9%
$356,833
$356.8K
Market Conditions
NOI Build-Up for 2,408 SF
Gross rent
$51.1K $21.24/SF
− Vacancy
−$5.3K −$2.19/SF
EGI
$45.9K $19.05/SF
− OpEx
−$13.8K −$5.72/SF
NOI
$32.1K $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 Rate 5%
$642,300
Cap Rate 7%
$458,786
Cap Rate 9%
$356,833
Alternative Uses
Best Use
Retail
$458.8K
$401.4K – $535.3K
NOI $32,115 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$592.2K
$518.1K – $690.9K
NOI $41,451 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
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
Frequently Asked Questions
What type of property is this?
Retail space - Retail spaces for sale near high-traffic 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: High‑traffic location at the intersection of 11th St. and Lee Blvd.; Fully occupied retail spaces providing immediate income.; Highly visible signage from 11th St. for both properties.
