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    Turn-Key Storage Units For Sale Title is generated by Realmo AI

    7144 NW Meers Porter Hill Rd, Lawton, OK

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    74 fully leased storage units near Lake Lawtonka.

    Type:INDUSTRIAL
    Property size:
    15,640 SF
    Lot size:
    2.59 Acres
    Price / SF:
    $111/SF
    Added:
    Mar 20, 2024
    Days on Market:
    817
    Last Refresh:
    May 20 at 9:18 pm

    Property Features for 7144 NW Meers Porter Hill Rd

    General Information

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

    We can help!

    Listing Contact
    Melissa Busse
    Melissa Busse

    Listing agent Melissa Busse

    Listing office Insight Commercial Real Estate Brokerage, LLC

    Listing date Mar 20, 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

    • 1. 74 fully leased storage units provide immediate income.
    • Strategic location near Lake Lawtonka in a high‑demand area.
    • Accelerated annual rents built into current leases for the next 3 years.
    • Mix of unit sizes caters to diverse storage needs.
    • Security camera system enhances property security.
    • Digital bill pay application offers easy remote management.

    Overview

    This turn-key property features a mix of storage units across four buildings, totaling 74 fully leased units. The unit mix includes twenty 12'x35' units, twenty-two 14'x35' units, and twelve 14'x50' units, with some offering electric hookups. Situated in a high-demand area near Lake Lawtonka, the property offers accessibility and convenience. The location is expected to deliver strong returns, with accelerated annual rents built into the current leases for the next 3 years. The property includes a security camera system and digital bill pay application for remote management.

    Local Financial Insights For Self Storage

    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 $159.5k $10.20
    − Vacancy −$13.6k −$0.87
    EGI $146.0k $9.33
    − OpEx −$43.8k −$2.80
    NOI $102.2k $6.53
    15,640 SF · lease $10.20/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Self Storage
    $1.46M
    $1.28M – $1.70M (±1% cap)
    NOI $102,178 @ 7.0% cap · market cap 5.84%
    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.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.58
    Latitude
    34.78

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    FAQs

    What type of property is this?
    Self storage facility - 74 fully leased storage units near Lake Lawtonka.
    Where is this self storage facility located?
    The property is located at 7144 NW Meers Porter Hill Rd 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: 1. 74 fully leased storage units provide immediate income.; Strategic location near Lake Lawtonka in a high‑demand area.; Accelerated annual rents built into current leases for the next 3 years.
    (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
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