1211 SW Lee Blvd Lawton, OK 73501
For Sale
Contact for pricing
Drive through restaurants
Property Size5,208 SF
Price / SF$153.61
Days on Market932
Property Features for 1211 SW Lee Blvd
General Information
- Standard status
- Active
- Size
- 5,208 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1991
Listing Agency:
Cummins-Setters Commercial Partners
(580) 536-4192
Listed By:
Johnny Owens · License #OK 084935
Source:
Crexi
Added: Jan 4, 2024
Changed: Jul 6
Last Checked: Jul 23 at 4:23PM
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 Cummins-Setters Commercial Partners
Investment Insights
Based on property information with market context.
Key Highlights
- Lighted hard corner location with easy access.
- High traffic count: Over 20,000 cars per day.
- Existing drive‑thru.
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 | $110.6k | $21.24 |
| − Vacancy | −$11.4k | −$2.19 |
| EGI | $99.2k | $19.05 |
| − OpEx | −$29.8k | −$5.72 |
| NOI | $69.5k | $13.34 |
5,208 SF · lease $21.24/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.06M
$930.2K – $1.24M
NOI $74,418 @ 7.0% cap · market cap 9.30%
Second Best
Retail
$992.2K
$868.2K – $1.16M
NOI $69,457 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,649 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drive through restaurants
FAQs
Where is this drive through restaurant located?
The property is located at 1211 SW Lee Blvd Lawton, OK.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Lighted hard corner location with easy access.; High traffic count: Over 20,000 cars per day.; Existing drive‑thru.
