Flex Property with Three
New
For Sale
$749,000
1701 SW Sheridan Road, Lawton, OK 73505
Commercial Sale, Lawton, OK
Property Size13,000 SF
Lot Size2.25 Acres
Price / SF$57.62
Days on Market3
Property Features for 1701 SW Sheridan Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
From I-44, take exit 36B toward Lee Blvd. merge onto SE Lee Blvd and continue approximately 2.4 miles. Turn left onto SW Sheridan Road, travel about 0.3 miles, then turn right.
Standard status
Active
APN
1701SWSheridan1701-170373505
Size
13,000 SF
Lot size
2.25 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Listing Agency:
Whittington Realty
(405) 703-4100
Listed By:
Roxana Perez Sarduy
(405) 614-9505
Added: Aug 27
Changed: Aug 28
Last Checked: Aug 29 at 4:06AM
MLS# 1246665
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property includes three separate buildings totaling approximately 13,000 square feet on 2.25 acres. Two buildings measure 4,000 square feet each, while the third contains 5,000 square feet. The improvements were built in 1970 and include three-phase electrical service, supporting a range of industrial, manufacturing, warehouse, office, service, and business uses subject to zoning and applicable approvals.
The property is located at 1701 SW Sheridan Road in Lawton, Oklahoma, with approximately 149 feet of frontage along SW Sheridan Rd. More than 10 parking spaces are available on site. Public water and public sewer serve the property, adding established utility infrastructure for ongoing operations or future planning.
The property is located at 1701 SW Sheridan Road in Lawton, Oklahoma, with approximately 149 feet of frontage along SW Sheridan Rd. More than 10 parking spaces are available on site. Public water and public sewer serve the property, adding established utility infrastructure for ongoing operations or future planning.
Key Highlights
- Approximately 13,000 square feet across three buildings
- 2.25‑acre site with approximately 149 feet of frontage on SW Sheridan Rd
- Two 4,000‑square‑foot buildings and one 5,000‑square‑foot 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
$65,657
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
8.77%
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%
$1,313,140
$1.3M
Cap Rate 7%
$937,957
$938.0K
Cap Rate 9%
$729,522
$729.5K
Market Conditions
NOI Build-Up for 13,000 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
$101.4K $7.80/SF
− Vacancy
−$7.6K −$0.59/SF
EGI
$93.8K $7.22/SF
− OpEx
−$28.1K −$2.16/SF
NOI
$65.7K $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 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%
$1,313,140
Cap Rate 7%
$937,957
Cap Rate 9%
$729,522
Alternative Uses
Best Use
Flex RnD
$2.30M
$2.01M – $2.68M
NOI $160,992 @ 7.0% cap · market cap 21.49%
Second Best
Warehouse
$1.09M
$957.8K – $1.28M
NOI $76,622 @ 7.0% cap · market cap 10.23%
Theoretical Best
Office A
$3.20M
$2.80M – $3.73M
NOI $223,779 @ 7.0% cap · market cap 29.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercial-zoned flex property with multiple buildings, three-phase power, public utilities, and direct road frontage.
Where is this flex space located?
The property is located at 1701 SW Sheridan Road Lawton, OK.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Approximately 13,000 square feet across three buildings; 2.25‑acre site with approximately 149 feet of frontage on SW Sheridan Rd; Two 4,000‑square‑foot buildings and one 5,000‑square‑foot building
