1108 SW Park Ave, Lawton, OK 73501
Retail spaces for sale near high-traffic intersection.
- Added:
- Dec 9, 2022
- Days on Market:
- 1283
- Last Refresh:
- May 20 at 8:14 pm
Property Features for 1108 SW Park Ave
General Information
- Standard status
- Active
- Size
- 2,408 SF
- Lot size
- 0.64 Acres
- Property subtype
- Retail
Listing agent Melissa Busse License #OK
Listing office Insight Commercial Real Estate (580) 353-6100
Listing date Dec 9, 2022
Source Crexi
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
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.
- Ample parking available for customers.
- Potential for future growth on a combined ±0.64‑acre lot.
- Leased to a single tenant with a renewal option.
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 | $51.1k | $21.24 |
| − Vacancy | −$5.3k | −$2.19 |
| EGI | $45.9k | $19.05 |
| − OpEx | −$13.8k | −$5.72 |
| NOI | $32.1k | $13.34 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lawton
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.405335
- Latitude
- 34.596127
