Flex Space with Three
New
For Sale
$749,000
1701 SW Sheridan Road 1701-1703, Lawton, OK 73505
Three-building commercial site includes 3-phase electrical service and on-site parking.
Property Size13,000 SF
Lot Size2.25 Acres
Price / SF$57.62
Days on Market4
Property Features for 1701 SW Sheridan Road 1701-1703
General Information
Standard status
Active
Size
13,000 SF
Lot size
2.25 Acres
Additional Details
Road Access
Yes
Three-Phase Power
Yes
Building Details
Year Built
1970
Buildings
3
Listing Agency:
Whittington Realty
Listed By:
Roxana Perez Sarduy
(405) 614-9505
Source:
Sarahflemingestates
Added: Aug 30
Changed: Aug 31
Last Checked: Sep 1 at 8:41PM
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 Whittington Realty
Investment Insights
Based on property information with market context.
This flex space property comprises three separate buildings totaling approximately 13,000 square feet. Two buildings measure 4,000 square feet each, while the third provides 5,000 square feet. The improvements date to 1970 and include 3-phase electrical service, supporting industrial, manufacturing, warehouse, office, service, and other business operations, subject to applicable approvals and site requirements.
The property occupies 2.25 acres at 1701 SW Sheridan Road in Lawton, Oklahoma, with approximately 149 feet of frontage along SW Sheridan Road. On-site parking includes 10+ spaces. The combination of multiple buildings, substantial land area, frontage, and electrical infrastructure provides a flexible physical configuration for an owner-user or other commercial operation.
The property occupies 2.25 acres at 1701 SW Sheridan Road in Lawton, Oklahoma, with approximately 149 feet of frontage along SW Sheridan Road. On-site parking includes 10+ spaces. The combination of multiple buildings, substantial land area, frontage, and electrical infrastructure provides a flexible physical configuration for an owner-user or other commercial operation.
Key Highlights
- 2.25‑acre flex space property at 1701 SW Sheridan Road, Lawton, OK 73505
- Approximately 13,000 square feet across three buildings
- 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
718
Businesses Nearby
Under-served
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.
Similar Off Market Nearby
- Firehouse Subs Cache Road — 3407 NW Cache Rd, Lawton, OK 73505
Frequently Asked Questions
What type of property is this?
Flex space - Three-building commercial site includes 3-phase electrical service and on-site parking.
Where is this flex space located?
The property is located at 1701 SW Sheridan Road 1701-1703 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: 2.25‑acre flex space property at 1701 SW Sheridan Road, Lawton, OK 73505; Approximately 13,000 square feet across three buildings; Two 4,000‑square‑foot buildings and one 5,000‑square‑foot building
