Equipped Restaurant on Busy
For Sale
Contact for pricing
2122 W Gore Blvd, Lawton, OK 73501
Restaurant with furniture, fixtures, and equipment included in sale.
Property Size2,550 SF
Price / SF$195.69
Days on Market1429
Property Features for 2122 W Gore Blvd
General Information
Standard status
Active
Size
2,550 SF
Class
B
Property subtype
Retail
Zoning
C-1
Investment Type
Owner/User
Building Details
Year Built
1968
Stories
1
Units
1
Listing Agency:
Insight Commercial Real Estate Brokerage
Listed By:
Jason Wells · License #OK 148638
(580) 353-6100
Source:
Crexi
Added: Nov 29, 2022
Changed: Oct 26
Last Checked: Oct 26 at 3:44PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a fully equipped restaurant for sale situated on a busy thoroughfare. Currently operating as a Soul Food/Barbeque restaurant, the property features both table and booth seating. The building benefits from ample natural light due to its numerous windows. The sale includes all furniture, fixtures, and equipment. The property size is 2550 square feet. The option to purchase the business is also available for a negotiable price. The location is near businesses such as Dollar General, New York Fashions, and IBC Bank.
Key Highlights
- Fully equipped restaurant: Ready for immediate operation.
- High‑traffic location: Situated on one of Lawton's busiest thoroughfares.
- Furniture, fixtures, and equipment included: Eliminates initial investment costs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,437
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,740
$728.7K
Cap Rate 7%
$520,529
$520.5K
Cap Rate 9%
$404,856
$404.9K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$54.2K $21.24/SF
− Vacancy
−$5.6K −$2.19/SF
EGI
$48.6K $19.05/SF
− OpEx
−$12.1K −$4.76/SF
NOI
$36.4K $14.29/SF
Area
Comanche County, OK
Vacancy
10.30%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,740
Cap Rate 7%
$520,529
Cap Rate 9%
$404,856
Alternative Uses
Best Use
Specialty Retail
$520.5K
$455.5K – $607.3K
NOI $36,437 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$627.1K
$548.7K – $731.6K
NOI $43,895 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
63k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Braum's Ice Cream & Dairy Stores
Dining
23,254 visits/mo
0.2 miles
SONIC Drive In
Dining
18,590 visits/mo
0.2 miles
Los Tres Amigos
Dining
13,238 visits/mo
0.1 miles
Taco Mayo
Dining
5,465 visits/mo
0.1 miles
Marco's Pizza
Dining
1,964 visits/mo
0.3 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
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant with furniture, fixtures, and equipment included in sale.
Where is this conventional restaurant located?
The property is located at 2122 W Gore Blvd Lawton, OK.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Fully equipped restaurant: Ready for immediate operation.; High‑traffic location: Situated on one of Lawton's busiest thoroughfares.; Furniture, fixtures, and equipment included: Eliminates initial investment costs.
