Industrial Warehouse For
For Sale
Contact for pricing
1802 SW SHERIDAN RD, Lawton, OK 73505
Industrial warehouse available for purchase at an established address, offering space suited for storage and light industrial needs.
Property Size3,000 SF
Price / SF$66.33
Days on Market52
Property Features for 1802 SW SHERIDAN RD
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Mixed Use, Special Purpose
Zoning
I-1
Building Details
Year Built
1983
Buildings
1
Stories
1
Units
1
Listing Agency:
Cummins-Setters Commercial Partners
(800) 294-8118
Listed By:
Charles Webber · License #OK 149530
Source:
Crexi
Added: Jun 22
Changed: Aug 7
Last Checked: Aug 11 at 12:11PM
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 Cummins-Setters Commercial Partners
Investment Insights
Based on property information with market context.
This industrial warehouse is available for sale and offers 3,000 SF of enclosed space. The property is presented as an industrial warehouse asset, suitable for businesses seeking a practical footprint for storage, distribution, or other light industrial uses.
The warehouse is located at 1802 SW Sheridan Rd in Lawton, Oklahoma. The listing is offered as a straightforward purchase opportunity with availability noted as of 02/16/2024.
For buyers and operators, this 3,000 SF warehouse format can work well for a range of small-to-mid sized industrial requirements where an enclosed facility is needed. If you’re evaluating space for inventory storage, workflow operations, or general industrial use, the property’s size and warehouse configuration make it a manageable option to review in person. For additional details on access, improvements, and site specifics, prospective buyers should inquire directly with the listing broker.
The warehouse is located at 1802 SW Sheridan Rd in Lawton, Oklahoma. The listing is offered as a straightforward purchase opportunity with availability noted as of 02/16/2024.
For buyers and operators, this 3,000 SF warehouse format can work well for a range of small-to-mid sized industrial requirements where an enclosed facility is needed. If you’re evaluating space for inventory storage, workflow operations, or general industrial use, the property’s size and warehouse configuration make it a manageable option to review in person. For additional details on access, improvements, and site specifics, prospective buyers should inquire directly with the listing broker.
Key Highlights
- Industrial warehouse built in 1983
- 3,000 SF industrial space
- Listed available for purchase at an established address
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
$17,682
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
8.89%
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%
$353,640
$353.6K
Cap Rate 7%
$252,600
$252.6K
Cap Rate 9%
$196,467
$196.5K
Market Conditions
NOI Build-Up for 3,000 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
$22.3K $7.44/SF
− Vacancy
−$1.5K −$0.51/SF
EGI
$20.8K $6.93/SF
− OpEx
−$3.1K −$1.04/SF
NOI
$17.7K $5.89/SF
Area
Comanche County, OK
Vacancy
6.80%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
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%
$353,640
Cap Rate 7%
$252,600
Cap Rate 9%
$196,467
Alternative Uses
Best Use
Warehouse
$252.6K
$221.0K – $294.7K
NOI $17,682 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$737.7K
$645.5K – $860.7K
NOI $51,641 @ 7.0% cap · market cap 25.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Well-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
- Storeline Self Storage — 902 NW 21st St, Lawton, OK 73507
- StoreLine Self Storage — 1204 NW 21st St, Lawton, OK 73507
- Paradise Mini Storage — 2013 NW Kingsbury Ave, Lawton, OK 73507
- KO Storage — 2504 NW 20th St, Lawton, OK 73507
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse available for purchase at an established address, offering space suited for storage and light industrial needs.
Where is this warehouse located?
The property is located at 1802 SW SHERIDAN RD Lawton, OK.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Industrial warehouse built in 1983; 3,000 SF industrial space; Listed available for purchase at an established address
