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    Lawton Retail Investment Opportunity Title is generated by Realmo AI

    1925 W Gore Blvd, Lawton, OK 73501

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    Three commercial buildings in excellent condition, Lawton, Oklahoma.

    Type:Retail
    Property size:
    17,136 SF
    Price / SF:
    $186/SF
    Added:
    Sep 24, 2024
    Days on Market:
    652
    Last Refresh:
    Jun 24 at 4:02 pm

    Property Features for 1925 W Gore Blvd

    General Information

    Standard status
    Active
    Size
    17,136 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2008

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    Larry Holcomb
    Larry Holcomb

    Listing office Cummins-Setters Commercial Partners

    Listing date Sep 24, 2024

    Source Crexi

    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

    HighLights

    • Excellent condition of all buildings.
    • Located at the corner of NW Morford Dr. & W. Gore Blvd.
    • Buildings are approximately 5,712 sq. ft. each.
    • Buildings constructed in phases (2009‑2011).
    • Year Built: 2008.
    • Income information available upon request.

    Overview

    This commercial property consists of three buildings, each approximately 5,712 square feet, totaling 17,136 square feet. Phase I was constructed in 2009, Phase II in 2010, and Phase III in 2011. The buildings are reported to be in excellent condition. The property is located at the corner of NW Morford Drive and W. Gore Boulevard in Lawton, Oklahoma.

    Local Financial Insights For Retail

    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 $364.0k $21.24
    − Vacancy −$37.5k −$2.19
    EGI $326.5k $19.05
    − OpEx −$97.9k −$5.72
    NOI $228.5k $13.34
    17,136 SF · lease $21.24/SF/yr · vacancy 10.30% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.26M
    $2.86M – $3.81M (±1% cap)
    NOI $228,536 @ 7.0% cap · market cap 7.14%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $4.21M
    $3.69M – $4.92M (±1% cap)
    NOI $294,975 @ 7.0% cap · market cap 9.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Med Dispensary (Bike/Boat/Book/etc) Store Backporch Drafthouse Bar & Pub

    Suggested Use

    Department Store Wine and Liquor Store HVAC Service Veterinary Clinic Restaurant Pet Store Travel Agency Acupuncture Florist Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

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    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.418058
    Latitude
    34.608884

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    FAQs

    What type of property is this?
    Shopping center - Three commercial buildings in excellent condition, Lawton, Oklahoma.
    Where is this shopping center located?
    The property is located at 1925 W Gore Blvd Lawton, OK.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Excellent condition of all buildings.; Located at the corner of NW Morford Dr. & W. Gore Blvd.; Buildings are approximately 5,712 sq. ft. each.
    (580) 585-1304 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Larry Holcomb
    Larry Holcomb
    Real Estate License ID: OK 156274
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