Versatile Flex Space
301 NE 20th St Lawton, OK 73507
301 NE 20th St, Lawton, OK, 73507
Contact for pricing
For Sale
Contact for pricing
Large flex space suitable for various business needs.
Property Size2,400 SF
Lot Size2.21 Acres
Price / SF$93.75
Days on Market1474
Property Features for 301 NE 20th St
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 2.21 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1979
Listing Agency
Insight Commercial Real Estate
(580) 353-6100
Listed by
Melissa Busse · License #OK
Source
Crexi
Added: Jul 7, 2022 Checked: Jul 15 at 12:08 pm
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
Investment Insights
Based on property information with market context.
This flex space is available for sale on NE 20th Street, situated just north of the VFW. The property features an open floor plan and is zoned I-3, making it suitable for a variety of business needs. The building is located on a lot of approximately 2.21 acres. Nearby businesses include the VFW, ABC Animal Hospital, and Los Tres Restaurant. The property size is 2,400 square feet.
Key Highlights
- Large flex space suitable for various business needs.
- Zoned I‑3, offering diverse business opportunities.
- Sits on a large ±2.21 acre lot.
Local Financial Insights For Industrial
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 | $18.7k | $7.80 |
| − Vacancy | −$1.4k | −$0.59 |
| EGI | $17.3k | $7.22 |
| − OpEx | −$5.2k | −$2.16 |
| NOI | $12.1k | $5.05 |
2,400 SF · lease $7.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$424.6K
$371.5K – $495.4K
NOI $29,722 @ 7.0% cap · market cap 13.21%
Second Best
Industrial
$173.2K
$151.5K – $202.0K
NOI $12,121 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$590.2K
$516.4K – $688.6K
NOI $41,313 @ 7.0% cap · market cap 18.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
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FAQs
What type of property is this?
Flex space - Large flex space suitable for various business needs.
Where is this flex space located?
The property is located at 301 NE 20th St Lawton, OK.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Large flex space suitable for various business needs.; Zoned I‑3, offering diverse business opportunities.; Sits on a large ±2.21 acre lot.
