Equipped Restaurant on Busy
2122 W Gore Blvd Lawton, OK 73501
For Sale
Contact for pricing
Restaurant with furniture, fixtures, and equipment included in sale.
Property Size2,550 SF
Price / SF$195.69
Days on Market1338
Property Features for 2122 W Gore Blvd
General Information
Standard status
Active
Size
2,550 SF
Property subtype
Retail
Building Details
Year Built
1968
Listing Agency:
Insight Commercial Real Estate Brokerage
(580) 353-6100
Listed By:
Jason Wells · License #OK 148638
Source:
Crexi
Added: Nov 29, 2022
Changed: Jul 6
Last Checked: Jul 28 at 4:36PM
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 For Specialty 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 | $54.2k | $21.24 |
| − Vacancy | −$5.6k | −$2.19 |
| EGI | $48.6k | $19.05 |
| − OpEx | −$12.1k | −$4.76 |
| NOI | $36.4k | $14.29 |
2,550 SF · lease $21.24/SF/yr · vacancy 10.30% · expense 25.00%
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
Property Profile
Location Intelligence
Current Use
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.
