Fully Leased Retail Storefront
1108 SW Park Ave Lawton, OK 73501
For Sale
Contact for pricing
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 Market847
Property Features for 1108 SW Park Ave
General Information
Standard status
Active
Size
1,686 SF
Property subtype
RETAIL
Listing Agency:
Insight Commercial Real Estate Brokerage, LLC
(580) 353-6100
Listed By:
Melissa Busse
(580) 353-6100
Source:
Moodyscre
Added: Apr 4, 2024
Changed: Jul 28
Last Checked: Jul 28 at 4:32PM
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 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 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 | $35.8k | $21.24 |
| − Vacancy | −$3.7k | −$2.19 |
| EGI | $32.1k | $19.05 |
| − OpEx | −$9.6k | −$5.72 |
| NOI | $22.5k | $13.34 |
1,686 SF · lease $21.24/SF/yr · vacancy 10.30% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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.
