Lawton Commercial Space For
For Sale
$415,000
6711 NW Cache, Lawton, OK 73505
Versatile commercial building in a high-traffic Lawton location.
Property Size2,205 SF
Days on Market254
Property Features for 6711 NW Cache
General Information
Standard status
Active
Size
2,205 SF
Property subtype
Commercial
Zoning
Commerical
Taxes and HOA fees
Annual Taxes
$4,669
Building Details
Building Size
2,205 SF
Year Built
2003
Listing Agency:
Riley & CO Real Estate Group
(940) 391-1614
Listed By:
Cami Hobbs · License #182018
(940) 391-1614
Source:
Theloveteamoklahoma
Added: Dec 13, 2025
Changed: Aug 23
Last Checked: Aug 22 at 1:49PM
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 Riley & CO Real Estate Group
Investment Insights
Based on property information with market context.
This commercial building is available for purchase in Lawton, Oklahoma. The property includes equipment, making it suitable for a dry-cleaning business or other ventures. Ample parking is available in both the front and rear of the building. The layout and spacious lot make it an excellent candidate for a restaurant conversion, with room for a drive-through. The property is situated in a bustling area with heavy foot and vehicle traffic, surrounded by restaurants and retail businesses, ensuring maximum exposure. The location offers reasonable utility costs. This retail space offers potential for various business uses.
Key Highlights
- High Visibility: Located in a high‑traffic area, surrounded by popular businesses, ensuring maximum exposure.
- All Equipment Included: Turn‑key investment opportunity with ready‑to‑use equipment (ideal for a dry‑cleaning business).
- Ample Parking: Parking spaces available in both the front and rear of the building.
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
$31,508
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
7.59%
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%
$630,160
$630.2K
Cap Rate 7%
$450,114
$450.1K
Cap Rate 9%
$350,089
$350.1K
Market Conditions
NOI Build-Up for 2,205 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
$46.8K $21.24/SF
− Vacancy
−$4.8K −$2.19/SF
EGI
$42.0K $19.05/SF
− OpEx
−$10.5K −$4.76/SF
NOI
$31.5K $14.29/SF
Area
Comanche County, OK
Vacancy
10.30%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
25.00%
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%
$630,160
Cap Rate 7%
$450,114
Cap Rate 9%
$350,089
Alternative Uses
Best Use
Specialty Retail
$450.1K
$393.9K – $525.1K
NOI $31,508 @ 7.0% cap · market cap 7.59%
Second Best
Retail
$420.1K
$367.6K – $490.1K
NOI $29,407 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$542.2K
$474.5K – $632.6K
NOI $37,956 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
162k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 25%
Groceries 14%
Home Improvements & Furnishings 3%
Homeland
Groceries
22,337 visits/mo
0.2 miles
Whataburger
Dining
19,965 visits/mo
0.1 miles
Dollar Tree
Shops & Services
17,735 visits/mo
0.2 miles
Taco Bell
Dining
13,037 visits/mo
0.1 miles
Chili's Grill & Bar
Dining
12,439 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Individual retail property - Versatile commercial building in a high-traffic Lawton location.
Where is this individual retail property located?
The property is located at 6711 NW Cache Lawton, OK.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: High Visibility: Located in a high‑traffic area, surrounded by popular businesses, ensuring maximum exposure.; All Equipment Included: Turn‑key investment opportunity with ready‑to‑use equipment (ideal for a dry‑cleaning business).; Ample Parking: Parking spaces available in both the front and rear of the building.
