Three-Building Mixed-Use
New
For Sale
$825,000
4 SW Lee Blvd, Lawton, OK 73501
Two of the three buildings are occupied; the third is an industrial warehouse.
Property Size6,630 SF
Days on Market2
Property Features for 4 SW Lee Blvd
General Information
Standard status
Active
Size
6,630 SF
Class
C
Property subtype
Industrial - Manufacturing
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
6,630 SF
Year Built
1970
Buildings
3
Tenancy
Multi
Listing Agency:
Insight Commercial Real Estate Brokerage
Listed By:
Jason Wells · License #148638
(580) 353-6100
Source:
Commercialcafe
Added: Oct 7
Last Checked: Oct 7 at 2:13PM
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 Brokerage
Investment Insights
Based on property information with market context.
This mixed-use property comprises three separate buildings dating to 1970. One is configured for retail and office use and has a tenant in place. A second is occupied and operates as a bar and tavern. The third is an industrial warehouse and is vacant.
The property fronts SW Lee Boulevard in Lawton, with signage visible along the boulevard and access to I-44. Nearby businesses include Dollar General, CVS Pharmacy, McDonald’s, Burger King, Wrights Family Diner, Tu Familia Mexican Restaurant, and Sutherland’s Home Improvement Store.
The property fronts SW Lee Boulevard in Lawton, with signage visible along the boulevard and access to I-44. Nearby businesses include Dollar General, CVS Pharmacy, McDonald’s, Burger King, Wrights Family Diner, Tu Familia Mexican Restaurant, and Sutherland’s Home Improvement Store.
Key Highlights
- Three separate buildings, constructed in 1970
- Retail/office building occupied by a tenant
- Occupied bar and tavern
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,515
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,300
$850.3K
Cap Rate 7%
$607,357
$607.4K
Cap Rate 9%
$472,389
$472.4K
Market Conditions
NOI Build-Up for 6,630 SF
Gross rent
$75.6K $11.40/SF
− Vacancy
−$7.6K −$1.14/SF
EGI
$68.0K $10.26/SF
− OpEx
−$25.5K −$3.85/SF
NOI
$42.5K $6.41/SF
Area
Comanche County, OK
Vacancy
10.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,300
Cap Rate 7%
$607,357
Cap Rate 9%
$472,389
Alternative Uses
Best Use
Specialty Retail
$1.35M
$1.18M – $1.58M
NOI $94,737 @ 7.0% cap · market cap 11.48%
Second Best
Mixed Use
$607.4K
$531.4K – $708.6K
NOI $42,515 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,127 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 73501, OK
19,158
Population
9,216
Households
2.1
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
105.0 sq mi
ZIP Area
182
Density / Sq Mi
$49,061
Median Household Income
$31,399
Median Earnings
$831
Median Rent
$119,400
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two of the three buildings are occupied; the third is an industrial warehouse.
Where is this mixed-use property located?
The property is located at 4 SW Lee Blvd Lawton, OK.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Three separate buildings, constructed in 1970; Retail/office building occupied by a tenant; Occupied bar and tavern
