Restaurant with Commercial
For Sale
Contact for pricing
1404 SE 135th St, Lawton, OK 73501
Operating restaurant property with dining areas, bar spaces, water features, and acreage suitable for multiple commercial uses.
Property Size4,500 SF
Price / SF$153.33
Days on Market51
Property Features for 1404 SE 135th St
General Information
Standard status
Active
Size
4,500 SF
Property subtype
RETAIL
Additional Details
Utilities to Site
Yes
Commercial Hood
Yes
Amenities
balcony
fireplaces
water wells
water rights
Listing Agency:
Insight Commercial Real Estate Brokerage, LLC
Listed By:
Melissa Busse
(580) 353-6100
Source:
Moodyscre
Added: Aug 17
Changed: Sep 12
Last Checked: Oct 5 at 9:11PM
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.
Located at 1404 SE 135th St in Lawton, OK, this operating restaurant includes approximately ±4,500 square feet of improvements and an additional ±800-square-foot balcony oriented toward a pond and surrounding acreage. The interior contains a full commercial kitchen with hood ventilation, a walk-in cooler, multiple dining areas, two bar areas, two restrooms, and two fireplaces.
The property is served by Rural Water District #3 and includes two water wells with associated water rights. Approximately 14 acres have not been treated with synthetic fertilizers. The site also includes open land, mature trees, and water features, with the source information identifying potential applications that include hospitality, recreational, agricultural, specialty-crop, farm-to-table, and residential uses.
The property is served by Rural Water District #3 and includes two water wells with associated water rights. Approximately 14 acres have not been treated with synthetic fertilizers. The site also includes open land, mature trees, and water features, with the source information identifying potential applications that include hospitality, recreational, agricultural, specialty-crop, farm-to-table, and residential uses.
Key Highlights
- ±4,500 SF operating restaurant with an additional ±800 SF balcony
- Full commercial kitchen with hood vent system and walk‑in cooler
- Multiple dining areas, two bar areas, two restrooms, and two fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,727
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,540
$454.5K
Cap Rate 7%
$324,671
$324.7K
Cap Rate 9%
$252,522
$252.5K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$35.1K $7.80/SF
− Vacancy
−$2.6K −$0.59/SF
EGI
$32.5K $7.22/SF
− OpEx
−$9.7K −$2.16/SF
NOI
$22.7K $5.05/SF
Area
Comanche County, OK
Vacancy
7.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,540
Cap Rate 7%
$324,671
Cap Rate 9%
$252,522
Alternative Uses
Best Use
Specialty Retail
$918.6K
$803.8K – $1.07M
NOI $64,301 @ 7.0% cap · market cap 9.32%
Second Best
Industrial
$324.7K
$284.1K – $378.8K
NOI $22,727 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$1.11M
$968.3K – $1.29M
NOI $77,462 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant property with dining areas, bar spaces, water features, and acreage suitable for multiple commercial uses.
Where is this conventional restaurant located?
The property is located at 1404 SE 135th St Lawton, OK.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: ±4,500 SF operating restaurant with an additional ±800 SF balcony; Full commercial kitchen with hood vent system and walk‑in cooler; Multiple dining areas, two bar areas, two restrooms, and two fireplaces
