Flex Space on 2.21
103 NE 20th St Lawton, OK
For Sale
Contact for pricing
Large flex space suitable for a variety of business needs.
Property Size2,400 SF
Lot Size2.21 Acres
Price / SF$70.42
Days on Market659
Property Features for 103 NE 20th St
General Information
Standard status
Active
Size
2,400 SF
Lot size
2.21 Acres
Property subtype
OFFICE
Listing Agency:
Insight Commercial Real Estate Brokerage, LLC
(580) 353-6100
Listed By:
Melissa Busse
(580) 353-6100
Source:
Moodyscre
Added: Oct 9, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:23AM
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 flex space is available for sale and features an open floor plan. The property is zoned I-3, offering the opportunity to accommodate a variety of business needs. Situated on approximately 2.21 acres, the building is located on NE 20th Street, just north of the VFW. Nearby businesses include the VFW, ABC Animal Hospital, and Los Tres Restaurant. The property size is 2400 square feet.
Key Highlights
- Large flex space suitable for various business needs.
- Zoned I‑3, offering diverse business opportunities.
- Sits on a large ±2.21 acre lot.
Financial Insights For Industrial
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 | $18.7k | $7.80 |
| − Vacancy | −$1.4k | −$0.59 |
| EGI | $17.3k | $7.22 |
| − OpEx | −$5.2k | −$2.16 |
| NOI | $12.1k | $5.05 |
2,400 SF · lease $7.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$424.6K
$371.5K – $495.4K
NOI $29,722 @ 7.0% cap · market cap 17.59%
Second Best
Industrial
$173.2K
$151.5K – $202.0K
NOI $12,121 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$590.2K
$516.4K – $688.6K
NOI $41,313 @ 7.0% cap · market cap 24.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Large flex space suitable for a variety of business needs.
Where is this flex space located?
The property is located at 103 NE 20th St Lawton, OK.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Large flex space suitable for various business needs.; Zoned I‑3, offering diverse business opportunities.; Sits on a large ±2.21 acre lot.
