Lawton Retail Investment
For Sale
Contact for pricing
1925 W Gore Blvd, Lawton, OK 73501
Three commercial buildings in excellent condition, Lawton, Oklahoma.
Property Size17,136 SF
Price / SF$186.74
Days on Market700
Property Features for 1925 W Gore Blvd
General Information
Standard status
Active
Size
17,136 SF
Class
B
Property subtype
Retail
Zoning
C-1
Building Details
Year Built
2008
Buildings
3
Stories
1
Listing Agency:
Cummins-Setters Commercial Partners
(580) 585-1304
Listed By:
Larry Holcomb · License #OK 156274
Source:
Crexi
Added: Sep 24, 2024
Changed: Aug 15
Last Checked: Aug 23 at 11:33PM
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 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.
Key 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.
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
$228,536
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
7.14%
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%
$4,570,720
$4.6M
Cap Rate 7%
$3,264,800
$3.3M
Cap Rate 9%
$2,539,289
$2.5M
Market Conditions
NOI Build-Up for 17,136 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
$364.0K $21.24/SF
− Vacancy
−$37.5K −$2.19/SF
EGI
$326.5K $19.05/SF
− OpEx
−$97.9K −$5.72/SF
NOI
$228.5K $13.34/SF
Area
Comanche County, OK
Vacancy
10.30%
Lease Rate
$21.24 /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%
$4,570,720
Cap Rate 7%
$3,264,800
Cap Rate 9%
$2,539,289
Alternative Uses
Best Use
Retail
$3.26M
$2.86M – $3.81M
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
NOI $294,975 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
229k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 37%
Apparel 15%
Home Improvements & Furnishings 2%
Hobby Lobby
Shops & Services
40,133 visits/mo
0.4 miles
Ross Dress for Less
Apparel
31,853 visits/mo
0.4 miles
McDonald's
Dining
26,249 visits/mo
0.3 miles
Braum's Ice Cream & Dairy Stores
Dining
24,198 visits/mo
0.3 miles
Murphy USA
Shops & Services
19,818 visits/mo
0.4 miles
Demographics for 73501, OK
19,158
Population
9,216
Households
2.1
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
105.0 sq mi
ZIP Area
182
Density / Sq Mi
$49,061
Median Household Income
$31,399
Median Earnings
$831
Median Rent
$119,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sheridan Mall — NW Sheridan Rd, Lawton, OK 73505
- Coin Cloud Bitcoin ATM — 14 NW Sheridan Rd, Lawton, OK 73505
- Coin Cloud Bitcoin ATM — 601 NW Sheridan Rd, Lawton, OK 73505
- Coin Cloud Bitcoin ATM — 2 SW 11th St, Lawton, OK 73501
- Coin Cloud Bitcoin ATM — 610 nw sheridan rd, lawton, ok 73505
Frequently Asked Questions
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.
