Garage with Office on
320 SW 11th St Lawton, OK 73501
For Sale
Contact for pricing
1,460 SF garage with office on 0.34 acres.
Property Size1,460 SF
Lot Size0.34 Acres
Price / SF$152.05
Days on Market772
Property Features for 320 SW 11th St
General Information
Standard status
Active
Size
1,460 SF
Lot size
0.34 Acres
Property subtype
Retail
Listing Agency:
Cummins-Setters Commercial Partners
(580) 536-4192
Listed By:
Johnny Owens · License #OK 084935
Source:
Crexi
Added: Jun 18, 2024
Changed: Jul 10
Last Checked: Jul 27 at 8:22PM
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 garage property features approximately 1,460 square feet of space, including an office area. The structure includes 3 overhead doors. It is situated on two city lots, totaling approximately 0.34 acres. The property is located at the corner of 11th Street and D Avenue.
Key Highlights
- Large ±1,460 sf garage space
- Located on a hard, lighted corner lot
- Includes an office space
Financial Insights For 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 | $31.0k | $21.24 |
| − Vacancy | −$3.2k | −$2.19 |
| EGI | $27.8k | $19.05 |
| − OpEx | −$8.3k | −$5.72 |
| NOI | $19.5k | $13.34 |
1,460 SF · lease $21.24/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$278.2K
$243.4K – $324.5K
NOI $19,471 @ 7.0% cap · market cap 8.77%
Second Best
Industrial
$105.3K
$92.2K – $122.9K
NOI $7,374 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$359.0K
$314.2K – $418.9K
NOI $25,132 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- ASE Automotive — 1015 SW 2nd St, Lawton, OK 73501
- Auto Alignment & Frame Co — 509 SW Lee Blvd, Lawton, OK 73501
- Jim's Tire Services — 204 SW Summit Ave, Lawton, OK 73501
- CWILL TOWING SERVICES — 412 SW Summit Ave, Lawton, OK 73501
- Glass Doctor of Lawton — 505 SW Lee Blvd, Lawton, OK 73501
Frequently Asked Questions
What type of property is this?
Auto shop - 1,460 SF garage with office on 0.34 acres.
Where is this auto shop located?
The property is located at 320 SW 11th St Lawton, OK.
What is the asking price?
The asking price for this property is $222,000.
What are key features of this property?
This property features: Large ±1,460 sf garage space; Located on a hard, lighted corner lot; Includes an office space
