Versatile Flex Space
For Sale
Contact for pricing
301 NE 20th St, Lawton, OK 73507
Large flex space suitable for various business needs.
Property Size2,400 SF
Lot Size2.21 Acres
Price / SF$93.75
Days on Market1519
Property Features for 301 NE 20th St
General Information
Standard status
Active
Size
2,400 SF
Class
C
Lot size
2.21 Acres
Property subtype
Industrial
Zoning
Industrial
Building Details
Year Built
1979
Buildings
1
Stories
1
Units
1
Listing Agency:
Insight Commercial Real Estate
Listed By:
Melissa Busse · License #OK
(580) 353-6100
Source:
Crexi
Added: Jul 7, 2022
Changed: Aug 8
Last Checked: Aug 25 at 2:59PM
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.
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
$12,121
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
5.39%
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%
$242,420
$242.4K
Cap Rate 7%
$173,157
$173.2K
Cap Rate 9%
$134,678
$134.7K
Market Conditions
NOI Build-Up for 2,400 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
$18.7K $7.80/SF
− Vacancy
−$1.4K −$0.59/SF
EGI
$17.3K $7.22/SF
− OpEx
−$5.2K −$2.16/SF
NOI
$12.1K $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%
$242,420
Cap Rate 7%
$173,157
Cap Rate 9%
$134,678
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73507, OK
21,605
Population
10,504
Households
2.1
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
243.8 sq mi
ZIP Area
89
Density / Sq Mi
$61,092
Median Household Income
$36,244
Median Earnings
$916
Median Rent
$155,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
