Storefront Property with
202 W Gore Blvd, Lawton, OK 73501
For Sale
$1,795,000
Central Business District retail property with a large showroom and multiple overhead doors.
Property Size10,058 SF
Days on Market50
Property Features for 202 W Gore Blvd
General Information
Standard status
Size
Class
Property subtype
Additional Details
Corner Location
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Insight Commercial Real Estate Brokerage
Listed By:
Jason Wells · License #148638
(580) 353-6100
Source:
Commercialcafe
Added: Sep 21
Changed: Oct 26
Last Checked: Nov 8 at 2:52AM
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 Insight Commercial Real Estate Brokerage
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Investment Insights
Based on property information with market context.
This 2005 storefront property in Lawton’s Central Business District includes a 10,058-square-foot retail building and a 796-square-foot auxiliary building. The former auto dealership has a large showroom and multiple overhead doors, offering a configuration suited to retail or other commercial occupancy supported by these existing improvements.
The property occupies the corner of W Gore Boulevard and 2nd Street in Lawton, Oklahoma. Nearby businesses and destinations include Nissan of Lawton, Hilton Garden Inn and Convention Center, Southwest Oklahoma Brewing, Central Plaza, FISTA Innovation Park, and the Lawton Fort Sill Chamber of Commerce. Additional surrounding retailers include Ulta, Best Buy, Dick’s Sporting Goods, Five Below, Kohl’s, PoPShelf, Petco, and Shoe Carnival.
The property occupies the corner of W Gore Boulevard and 2nd Street in Lawton, Oklahoma. Nearby businesses and destinations include Nissan of Lawton, Hilton Garden Inn and Convention Center, Southwest Oklahoma Brewing, Central Plaza, FISTA Innovation Park, and the Lawton Fort Sill Chamber of Commerce. Additional surrounding retailers include Ulta, Best Buy, Dick’s Sporting Goods, Five Below, Kohl’s, PoPShelf, Petco, and Shoe Carnival.
Key Highlights
- 10,058‑square‑foot retail building plus a 796‑square‑foot auxiliary building
- Located at the corner of W Gore Boulevard and 2nd Street
- Large showroom from the former auto dealership use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,139
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,682,780
$2.7M
Cap Rate 7%
$1,916,271
$1.9M
Cap Rate 9%
$1,490,433
$1.5M
Market Conditions
NOI Build-Up for 10,058 SF
Gross rent
$213.6K $21.24/SF
− Vacancy
−$22.0K −$2.19/SF
EGI
$191.6K $19.05/SF
− OpEx
−$57.5K −$5.72/SF
NOI
$134.1K $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 Rate 5%
$2,682,780
Cap Rate 7%
$1,916,271
Cap Rate 9%
$1,490,433
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,139 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.47M
$2.16M – $2.89M
NOI $173,136 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
142k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 42%
Shops & Services 32%
Dining 15%
Hotels & Casinos 9%
Kohl's
Apparel
28,921 visits/mo
0.3 miles
DICK'S Sporting Goods
Apparel
24,619 visits/mo
0.3 miles
Cracker Barrel Old Country Store
Dining
20,581 visits/mo
0.2 miles
Dollar Tree
Shops & Services
14,777 visits/mo
0.4 miles
Petco
Shops & Services
12,395 visits/mo
0.2 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
Check the figures for this property
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Market
Properties on Market for Storefront properties in Lawton
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Central Business District retail property with a large showroom and multiple overhead doors.
Where is this storefront property located?
The property is located at 202 W Gore Blvd Lawton, OK.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 10,058‑square‑foot retail building plus a 796‑square‑foot auxiliary building; Located at the corner of W Gore Boulevard and 2nd Street; Large showroom from the former auto dealership use
