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    Lawton Warehouses For Sale Title is generated by Realmo AI

    215 SE Simpson St, Lawton, OK

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    Commercial warehouses in Lawton, OK, near Interstate 44.

    Type:INDUSTRIAL
    Property size:
    15,640 SF
    Lot size:
    1.21 Acres
    Price / SF:
    $111/SF
    Added:
    Mar 25, 2024
    Days on Market:
    812
    Last Refresh:
    May 19 at 10:46 pm

    Property Features for 215 SE Simpson St

    General Information

    Standard status
    Active
    Size
    15,640 SF
    Lot size
    1.21 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Melissa Busse
    Melissa Busse

    Listing agent Melissa Busse License #148638

    Listing office Insight Commercial Real Estate Brokerage, LLC

    Listing date Mar 25, 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

    • Minutes from Interstate 44, providing easy access for transportation.
    • Two commercial warehouses: 15,000sf and 8,000sf.
    • Located in the industrial park of Lawton, OK.
    • Features 4 drive‑in doors and 3 dock‑height loading doors.
    • 9 trailer parking spots available.
    • Entire property is fenced around the perimeter.

    Overview

    Commercial warehouses are available for sale in the industrial park of Lawton, OK. Building 1 has 15,000 square feet, and building 2 has 8,000 square feet. The property features 4 drive-in doors and 3 dock-height loading doors. Gravel parking is available for employees, along with 9 trailer parking spots. The entire property is fenced around the perimeter. The location is minutes from Interstate 44 and south of Ft. Sill, a United States Army post covering almost 94,000 acres. Fort Sill is designated as a National Historic Landmark and serves as home to the United States Army Field Artillery School. Lawton-Ft. Sill Airport serves both the military and their families traveling to and from the base and the city of Lawton. Nearby businesses include Comanche Nation Casino, Apache Casino hotel and convention center, and Central Plaza. The property size is 15,640 square feet.

    Local Financial Insights For Warehouse

    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 $116.4k $7.44
    − Vacancy −$7.9k −$0.51
    EGI $108.4k $6.93
    − OpEx −$16.3k −$1.04
    NOI $92.2k $5.89
    15,640 SF · lease $7.44/SF/yr · vacancy 6.80% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.32M
    $1.15M – $1.54M (±1% cap)
    NOI $92,182 @ 7.0% cap · market cap 5.27%
    Second Best
    Industrial
    $1.13M
    $987.4K – $1.32M (±1% cap)
    NOI $78,990 @ 7.0% cap · market cap 4.51%
    Theoretical Best
    Office A
    $3.85M
    $3.37M – $4.49M (±1% cap)
    NOI $269,223 @ 7.0% cap · market cap 15.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • KO Storage — 221 SE Park Ave, Lawton, OK 73501
    • A & G Mini Storage — SW 2nd St, Lawton, OK 73501
    • Wolfe Maxi Storage — 809 SE Interstate Dr, Lawton, OK 73501
    • WasteSolutions LLC — 828 SE 3rd St, Lawton, OK 73501
    • Fista Innovation Park — Lawton, OK 73501

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.3839
    Latitude
    34.6057

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    FAQs

    What type of property is this?
    Warehouse - Commercial warehouses in Lawton, OK, near Interstate 44.
    Where is this warehouse located?
    The property is located at 215 SE Simpson St Lawton, OK.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Minutes from Interstate 44, providing easy access for transportation.; Two commercial warehouses: **15,000sf and 8,000sf**.; Located in the industrial park of Lawton, OK.
    (580) 353-6100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Melissa Busse
    Melissa Busse
    Real Estate License ID: 148638
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