Equipped Retail
For Sale
$415,000
6711 NW Cache, Lawton, OK 73505
Front and rear parking supports customer access, with existing equipment suited to a dry-cleaning operation.
Property Size2,205 SF
Price / SF$188.21
Days on Market41
Property Features for 6711 NW Cache
General Information
Standard status
Active
Size
2,205 SF
Amenities
All Equipment Included
Building Details
Year Built
2003
Listing Agency:
Riley & CO Real Estate Group
(940) 391-1614
Listed By:
Cami Hobbs · License #182018
Source:
Cheathamrealty
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 25 at 4:15AM
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 Riley & CO Real Estate Group
Investment Insights
Based on property information with market context.
This 2,205-square-foot retail building, constructed in 2003, includes equipment that supports continued use as a dry-cleaning business or adaptation for another commercial concept. The interior layout and spacious lot also provide a basis for restaurant conversion, including room for a drive-through. Parking is available on both sides of the building, accommodating customer visits from multiple approaches.
The property is located at 6711 NW Cache in Lawton, Oklahoma, in an area described as having substantial pedestrian and vehicle activity. Restaurants and retail businesses surround the site, adding established commercial context and exposure. The combination of included equipment, customer parking, and a layout capable of supporting more than one retail-oriented use gives the property practical flexibility for an owner-user or business operator.
The property is located at 6711 NW Cache in Lawton, Oklahoma, in an area described as having substantial pedestrian and vehicle activity. Restaurants and retail businesses surround the site, adding established commercial context and exposure. The combination of included equipment, customer parking, and a layout capable of supporting more than one retail-oriented use gives the property practical flexibility for an owner-user or business operator.
Key Highlights
- 2,205 SF retail building at 6711 NW Cache, Lawton, OK 73505
- Equipment included for continued dry‑cleaning use or another commercial operation
- Parking available at both the front and rear of the building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,407
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$588,140
$588.1K
Cap Rate 7%
$420,100
$420.1K
Cap Rate 9%
$326,744
$326.7K
Market Conditions
NOI Build-Up for 2,205 SF
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.
Gross rent
$46.8K $21.24/SF
− Vacancy
−$4.8K −$2.19/SF
EGI
$42.0K $19.05/SF
− OpEx
−$12.6K −$5.72/SF
NOI
$29.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$588,140
Cap Rate 7%
$420,100
Cap Rate 9%
$326,744
Alternative Uses
Best Use
Retail
$420.1K
$367.6K – $490.1K
NOI $29,407 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$542.2K
$474.5K – $632.6K
NOI $37,956 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
162k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 25%
Groceries 14%
Home Improvements & Furnishings 3%
Homeland
Groceries
22,337 visits/mo
0.2 miles
Whataburger
Dining
19,965 visits/mo
0.1 miles
Dollar Tree
Shops & Services
17,735 visits/mo
0.2 miles
Taco Bell
Dining
13,037 visits/mo
0.1 miles
Chili's Grill & Bar
Dining
12,439 visits/mo
0.5 miles
Demographics for 73505, OK
46,881
Population
22,124
Households
2.1
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
64.6 sq mi
ZIP Area
726
Density / Sq Mi
$57,496
Median Household Income
$33,601
Median Earnings
$915
Median Rent
$147,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Front and rear parking supports customer access, with existing equipment suited to a dry-cleaning operation.
Where is this retail space located?
The property is located at 6711 NW Cache Lawton, OK.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2,205 SF retail building at 6711 NW Cache, Lawton, OK 73505; Equipment included for continued dry‑cleaning use or another commercial operation; Parking available at both the front and rear of the building
