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 Market1383
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: Sep 8
Last Checked: Sep 12 at 5:25AM
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
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 = 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
$36,437
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
7.30%
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%
$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
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
$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 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%
$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.
Property Analytics
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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
Questions? Ask Rey
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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.
