2-Bedroom Condo Income
For Sale
Contact for pricing
7930 NW Crossland Circle, Lawton, OK 73505
Condominium offering an existing tenant lease, in-unit laundry appliances, and durable laminate flooring throughout.
Property Size900 SF
Price / SF$97.22
Days on Market415
Property Features for 7930 NW Crossland Circle
General Information
Standard status
Active
Size
900 SF
Property subtype
Special Purpose
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Amenities
washer and dryer in unit
Building Details
Units
2
Tenancy
Single
Listing Agency:
Remax/Professionals
Listed By:
Max Sasseen · License #OK 085641
Source:
Crexi
Added: Jul 14, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:17AM
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 Remax/Professionals
Investment Insights
Based on property information with market context.
This 900-square-foot condominium in Lawton includes two bedrooms and one bathroom. The interior has laminate flooring across the living areas, while laundry appliances are located within the unit. The property is offered subject to the tenant’s existing lease, providing an occupied residential income asset rather than a vacant unit.
Located at 7930 NW Crossland Circle in west Lawton, the residence combines a compact floor plan with features suited to ongoing rental use. Its condominium format and current lease should be considered together when evaluating the property.
Located at 7930 NW Crossland Circle in west Lawton, the residence combines a compact floor plan with features suited to ongoing rental use. Its condominium format and current lease should be considered together when evaluating the property.
Key Highlights
- 900 SF condominium at 7930 NW Crossland Circle, Lawton, OK 73505
- Two‑bedroom, one‑bathroom layout
- Property sale is subject to the tenant’s existing lease
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
$4,408
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
5.04%
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%
$88,160
$88.2K
Cap Rate 7%
$62,971
$63.0K
Cap Rate 9%
$48,978
$49.0K
Market Conditions
NOI Build-Up for 900 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
$9.0K $9.96/SF
− Vacancy
−$950 −$1.06/SF
EGI
$8.0K $8.90/SF
− OpEx
−$3.6K −$4.01/SF
NOI
$4.4K $4.90/SF
Area
Comanche County, OK
Vacancy
10.60%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
45.00%
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%
$88,160
Cap Rate 7%
$62,971
Cap Rate 9%
$48,978
Alternative Uses
Best Use
Apartment 5plus
$63.0K
$55.1K – $73.5K
NOI $4,408 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$221.3K
$193.7K – $258.2K
NOI $15,492 @ 7.0% cap · market cap 17.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium offering an existing tenant lease, in-unit laundry appliances, and durable laminate flooring throughout.
Where is this residential income property located?
The property is located at 7930 NW Crossland Circle Lawton, OK.
What is the asking price?
The asking price for this property is $87,500.
What are key features of this property?
This property features: 900 SF condominium at 7930 NW Crossland Circle, Lawton, OK 73505; Two‑bedroom, one‑bathroom layout; Property sale is subject to the tenant’s existing lease
