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2307 SW I Ave, Lawton, OK 73505

3,540 SF single-story metal/steel building with radiant heating, offices, and large overhead doors on a 0.16-acre lot.

Property Size3,540 SF
Lot Size0.16 Acres
Price / SF$56.21
Days on Market191

Property Features for 2307 SW I Ave

General Information

Standard status Active
Size 3,540 SF
Class C
Lot size 0.16 Acres
Property subtype Industrial
Zoning Urban Commercial Platted

Amenities

radiant heating

Building Details

Year Built 1985
Stories 1
Construction metal/steel
Listing Agency: Cummins-Setters Commercial Partners
Listed By: Kip Cummins · License #OK176412
Source: Crexi
Added: Apr 15 Changed: Oct 14 Last Checked: Oct 20 at 6:46PM

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

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Investment Insights

Based on property information with market context.

This well-maintained single-story commercial building totals 3,540 SF and was built in 1985. Constructed with metal/steel framing and a gable roof, the property includes radiant heating and offers dedicated office space alongside a flexible warehouse/service area. Large overhead doors provide straightforward access for trucks and deliveries, supported by ample on-site parking. The overall condition is described as average, and the building is positioned as move-in ready.

The property sits on a 0.16-acre (6,848 SF) lot in a high-visibility southwest Lawton location. It was previously operated as the home of Redneck Doors, and the configuration is well-suited for a range of hands-on business uses.

The space is designed to support practical operations such as auto service and equipment-focused businesses, with the combination of overhead access, office areas, and on-site parking for daily workflow.

Key Highlights

  • 3,540 SF single‑story metal/steel commercial building built in 1985 on a 0.16‑acre (6,848 SF) lot
  • Radiant heating and durable gable roof
  • Large overhead doors for truck and delivery access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$17,879
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,580 $357.6K
Cap Rate 7%
$255,414 $255.4K
Cap Rate 9%
$198,656 $198.7K
Market Conditions
NOI Build-Up for 3,540 SF
Gross rent
$27.6K $7.80/SF
− Vacancy
−$2.1K −$0.59/SF
EGI
$25.5K $7.22/SF
− OpEx
−$7.7K −$2.16/SF
NOI
$17.9K $5.05/SF
Area
Comanche County, OK
Vacancy
7.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,580
Cap Rate 7%
$255,414
Cap Rate 9%
$198,656

Alternative Uses

Best Use
Retail
$674.5K
$590.2K – $786.9K (±1% cap)
NOI $47,212 @ 7.0% cap · market cap 23.72%
Second Best
Flex RnD
$626.3K
$548.0K – $730.7K (±1% cap)
NOI $43,839 @ 7.0% cap · market cap 22.03%
Theoretical Best
Office A
$870.5K
$761.7K – $1.02M (±1% cap)
NOI $60,937 @ 7.0% cap · market cap 30.62%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store HVAC Service Catering Service Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

581
Businesses Nearby
Under-served
Demand for This Use

Demographics for 73505, OK

46,881
Population
22,124
Households
2.1
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
64.6 sq mi
ZIP Area
726
Density / Sq Mi
$57,496
Median Household Income
$33,601
Median Earnings
$915
Median Rent
$147,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Similar Off Market Nearby

  • The Bent Fork — 2702 W Gore Blvd, Lawton, OK 73505

Frequently Asked Questions

What type of property is this?
Flex space - 3,540 SF single-story metal/steel building with radiant heating, offices, and large overhead doors on a 0.16-acre lot.
Where is this flex space located?
The property is located at 2307 SW I Ave Lawton, OK.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 3,540 SF single‑story metal/steel commercial building built in 1985 on a 0.16‑acre (6,848 SF) lot; Radiant heating and durable gable roof; Large overhead doors for truck and delivery access
More about this property
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