Auto Service and Warehouse
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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 Market144
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: Aug 27
Last Checked: Sep 4 at 11:21PM
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
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.
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 = 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
$17,879
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
8.98%
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%
$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
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
$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 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%
$357,580
Cap Rate 7%
$255,414
Cap Rate 9%
$198,656
Alternative Uses
Best Use
Retail
$674.5K
$590.2K – $786.9K
NOI $47,212 @ 7.0% cap · market cap 23.72%
Second Best
Flex RnD
$626.3K
$548.0K – $730.7K
NOI $43,839 @ 7.0% cap · market cap 22.03%
Theoretical Best
Office A
$870.5K
$761.7K – $1.02M
NOI $60,937 @ 7.0% cap · market cap 30.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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
