Fully Leased Retail Storefront
For Sale
Contact for pricing
1108 SW Park Ave, Lawton, OK 73501
Two fully occupied retail storefronts include highly visible signage and ample parking near the SW 11th St./Lee Blvd intersection.
Property Size1,686 SF
Price / SF$235.47
Days on Market938
Property Features for 1108 SW Park Ave
General Information
Standard status
Active
Size
1,686 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Insight Commercial Real Estate Brokerage, LLC
Listed By:
Melissa Busse
(580) 353-6100
Source:
Moodyscre
Added: Apr 4, 2024
Changed: Oct 26
Last Checked: Oct 26 at 5:02PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes two fully occupied retail storefront properties: 1108 SW Park Ave and 1105 SW 11th St. Both spaces feature signage described as highly visible from SW 11th St. and offer ample parking. The first property, 1108 SW Park Ave, is ±1,686 SF, and the second, 1105 SW 11th St., is ±722 SF. Combined, the lots total approximately ±1.64 acres.
The properties are adjacent to high traffic SW 11th St. and positioned near the high-traffic intersection of 11th St. and Lee Blvd. Both properties are occupied by the same tenant under a year lease, with a one-to-one year option to renew. Financial information is available upon signing an NDA.
Nearby businesses mentioned in the remarks include McDonald’s, Dollar Tree, and Burger King.
The properties are adjacent to high traffic SW 11th St. and positioned near the high-traffic intersection of 11th St. and Lee Blvd. Both properties are occupied by the same tenant under a year lease, with a one-to-one year option to renew. Financial information is available upon signing an NDA.
Nearby businesses mentioned in the remarks include McDonald’s, Dollar Tree, and Burger King.
Key Highlights
- Two fully occupied retail investment properties adjacent to SW 11th St., near the high‑traffic intersection of 11th St. and Lee Blvd.
- 1108 SW Park Ave: ±1,686 SF retail space with highly visible signage from 11th St. and ample parking.
- 1105 SW 11th St.: ±722 SF retail space with highly visible signage and ample parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,486
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,720
$449.7K
Cap Rate 7%
$321,229
$321.2K
Cap Rate 9%
$249,844
$249.8K
Market Conditions
NOI Build-Up for 1,686 SF
Gross rent
$35.8K $21.24/SF
− Vacancy
−$3.7K −$2.19/SF
EGI
$32.1K $19.05/SF
− OpEx
−$9.6K −$5.72/SF
NOI
$22.5K $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%
$449,720
Cap Rate 7%
$321,229
Cap Rate 9%
$249,844
Alternative Uses
Best Use
Retail
$321.2K
$281.1K – $374.8K
NOI $22,486 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$414.6K
$362.8K – $483.7K
NOI $29,022 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
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
What type of property is this?
Retail space - Two fully occupied retail storefronts include highly visible signage and ample parking near the SW 11th St./Lee Blvd intersection.
Where is this retail space located?
The property is located at 1108 SW Park Ave Lawton, OK.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Two fully occupied retail investment properties adjacent to SW 11th St., near the high‑traffic intersection of 11th St. and Lee Blvd.; 1108 SW Park Ave: ±1,686 SF retail space with highly visible signage from 11th St. and ample parking.; 1105 SW 11th St.: ±722 SF retail space with highly visible signage and ample parking.
