Retail Building and Warehouse
1801 NW Sheridan Rd Lawton, OK 73505
For Sale
Contact for pricing
Retail building, warehouse, and commercial land for sale.
Property Size4,444 SF
Lot Size0.91 Acres
Price / SF$67.51
Days on Market2721
Property Features for 1801 NW Sheridan Rd
General Information
Standard status
Active
Size
4,444 SF
Lot size
0.91 Acres
Property subtype
Retail
Building Details
Year Built
1958
Listing Agency:
Cummins-Setters Commercial Partners
(580) 357-2727
Listed By:
Linda Mask · License #OK 124359
Source:
Crexi
Added: Feb 15, 2019
Changed: Jul 6
Last Checked: Jul 27 at 5:35PM
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 Cummins-Setters Commercial Partners
Investment Insights
Based on property information with market context.
This property features a retail building and warehouse space, along with commercial land. The retail building is approximately 1,504 square feet, while the warehouse offers approximately 2,940 square feet of space. The commercial land measures approximately 39,646 square feet. The retail building is currently occupied by a tenant. A vacant lot is situated at the corner of Sheridan Road and Taylor Avenue and is available for sale or lease separately.
Key Highlights
- Large commercial land area: Approx. 39,646 sq. ft.
- Retail building with existing tenant.
- Corner lot location at NW Andrews Ave. & NW Sheridan Rd.
Financial Insights For Warehouse
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 | $33.1k | $7.44 |
| − Vacancy | −$2.2k | −$0.51 |
| EGI | $30.8k | $6.93 |
| − OpEx | −$4.6k | −$1.04 |
| NOI | $26.2k | $5.89 |
4,444 SF · lease $7.44/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Retail
$846.7K
$740.9K – $987.8K
NOI $59,268 @ 7.0% cap · market cap 19.76%
Second Best
Warehouse
$374.2K
$327.4K – $436.6K
NOI $26,193 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$1.09M
$956.2K – $1.27M
NOI $76,498 @ 7.0% cap · market cap 25.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail property - Retail building, warehouse, and commercial land for sale.
Where is this retail property located?
The property is located at 1801 NW Sheridan Rd Lawton, OK.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Large commercial land area: Approx. 39,646 sq. ft.; Retail building with existing tenant.; **Corner lot location at NW Andrews Ave. & NW Sheridan Rd.**
