For Sale
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1211 SW Lee Blvd, Lawton, OK 73501
Drive through restaurants
Property Size5,208 SF
Price / SF$153.61
Days on Market1023
Property Features for 1211 SW Lee Blvd
General Information
Standard status
Active
Size
5,208 SF
Property subtype
Retail
Zoning
C-5
Investment Type
Owner/User
Building Details
Year Built
1991
Year Renovated
2023
Tenancy
Single
Listing Agency:
Cummins-Setters Commercial Partners
Listed By:
Johnny Owens · License #OK 084935
(580) 357-2727
Source:
Crexi
Added: Jan 4, 2024
Changed: Oct 13
Last Checked: Oct 23 at 7:19AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$69,457
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,389,140
$1.4M
Cap Rate 7%
$992,243
$992.2K
Cap Rate 9%
$771,744
$771.7K
Market Conditions
NOI Build-Up for 5,208 SF
Gross rent
$110.6K $21.24/SF
− Vacancy
−$11.4K −$2.19/SF
EGI
$99.2K $19.05/SF
− OpEx
−$29.8K −$5.72/SF
NOI
$69.5K $13.34/SF
Area
Comanche County, OK
Vacancy
10.30%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,389,140
Cap Rate 7%
$992,243
Cap Rate 9%
$771,744
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
84k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 40%
Apparel 5%
McDonald's
Dining
23,415 visits/mo
0.2 miles
Dollar Tree
Shops & Services
10,218 visits/mo
0.1 miles
Burger King
Dining
9,664 visits/mo
0.2 miles
Family Dollar
Shops & Services
8,714 visits/mo
0.1 miles
Stripes
Shops & Services
6,371 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
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.
