Warehouse and Office Space
For Sale
Contact for pricing
601 SW Ard St, Lawton, OK 73505
Renovated warehouse and office space with recent expansion.
Property Size60,100 SF
Price / SF$166.36
Days on Market1143
Property Features for 601 SW Ard St
General Information
Standard status
Active
Size
60,100 SF
Class
B
Property subtype
Industrial
Listing Agency:
Cummins-Setters Commercial Partners
Listed By:
Ted Warkentin · License #OK 157217
(580) 284-0044
Source:
Crexi
Added: Aug 23, 2023
Changed: Oct 5
Last Checked: Oct 7 at 11:48AM
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 commercial property features a combination of warehouse and office space, situated on a corner lot in close proximity to the Goodyear Tire and Rubber Plant, Republic Paper, and Bar-S Foods. The original building, encompassing 40,100 square feet, underwent renovations in 2018. It includes approximately 5,000 square feet of office space and 35,100 square feet of warehouse area. An additional 20,000 square feet of warehouse space was constructed in 2023, bringing the total property size to 60,100 square feet. Both the original and new warehouse sections are equipped with a sprinkler system. The property includes 14' overhead doors and an approximate warehouse height of 25'.
Key Highlights
- Total of 60,100 square feet of warehouse/office space.
- Includes 20,000 square feet of warehouse space built in 2023.
- Renovated in 2018 (original 40,100 sq ft building).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$744,277
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,885,540
$14.9M
Cap Rate 7%
$10,632,529
$10.6M
Cap Rate 9%
$8,269,744
$8.3M
Market Conditions
NOI Build-Up for 60,100 SF
Gross rent
$1.28M $21.24/SF
− Vacancy
−$131.5K −$2.19/SF
EGI
$1.15M $19.05/SF
− OpEx
−$400.8K −$6.67/SF
NOI
$744.3K $12.38/SF
Area
Comanche County, OK
Vacancy
10.30%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,885,540
Cap Rate 7%
$10,632,529
Cap Rate 9%
$8,269,744
Alternative Uses
Best Use
Flex RnD
$10.63M
$9.30M – $12.40M
NOI $744,277 @ 7.0% cap · market cap 7.44%
Second Best
Warehouse
$5.06M
$4.43M – $5.90M
NOI $354,227 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$14.78M
$12.93M – $17.24M
NOI $1,034,547 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Well-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
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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Similar Off Market Nearby
- Public Storage — 602 SW 82nd St, Lawton, OK 73505
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated warehouse and office space with recent expansion.
Where is this warehouse located?
The property is located at 601 SW Ard St Lawton, OK.
What is the asking price?
The asking price for this property is $9,998,000.
What are key features of this property?
This property features: Total of 60,100 square feet of warehouse/office space.; Includes **20,000 square feet of warehouse space built in 2023**.; Renovated in 2018 (original 40,100 sq ft building).
