Industrial Space on Lee
For Sale
Contact for pricing
201 SE Lee Blvd, Lawton, OK 73501
9,654 SF industrial space with office and warehouse.
Property Size9,654 SF
Price / SF$62.05
Days on Market750
Property Features for 201 SE Lee Blvd
General Information
Standard status
Active
Size
9,654 SF
Property subtype
Industrial
Building Details
Year Built
1962
Listing Agency:
Insight Commercial Real Estate Brokerage
(580) 353-6100
Listed By:
Jason Wells · License #OK 148638
Source:
Crexi
Added: Jul 11, 2024
Changed: Jul 6
Last Checked: Jul 29 at 8:03AM
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
Investment Insights
Based on property information with market context.
This property offers approximately 9,654 square feet of industrial space for sale, situated on high-traffic Southeast Lee Boulevard. The building includes approximately 2,464 square feet of office space, with the remaining area designated as warehouse space. Zoned I-3, the property is suited for manufacturing, assembling, and fabrication of goods. Access to I-44 is conveniently located minutes away. Nearby businesses include Leo and Ken's Truckstop, Wright's Family Diner, and an Alon service station.
Key Highlights
- Large industrial space: ±9,654sf total, suitable for various operations
- Significant office space: ±2,464sf dedicated to office use
- I‑3 zoning: Ideal for manufacturing, assembling, and fabrication
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 | $75.3k | $7.80 |
| − Vacancy | −$5.6k | −$0.59 |
| EGI | $69.7k | $7.22 |
| − OpEx | −$20.9k | −$2.16 |
| NOI | $48.8k | $5.05 |
9,654 SF · lease $7.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.12M
NOI $127,320 @ 7.0% cap · market cap 21.26%
Second Best
Warehouse
$812.9K
$711.3K – $948.3K
NOI $56,900 @ 7.0% cap · market cap 9.50%
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,182 @ 7.0% cap · market cap 27.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 9,654 SF industrial space with office and warehouse.
Where is this manufacturing property located?
The property is located at 201 SE Lee Blvd Lawton, OK.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Large industrial space: ±9,654sf total, suitable for various operations; Significant office space: ±2,464sf dedicated to office use; I‑3 zoning: Ideal for manufacturing, assembling, and fabrication
