Turn-Key Drive-Thru Restaurant For
For Sale
Contact for pricing
801 SW 11th St, Lawton, OK 73501
Operating drive-thru restaurant on a high-traffic corner in Lawton, OK.
Property Size1,780 SF
Price / SF$196.63
Days on Market176
Property Features for 801 SW 11th St
General Information
Standard status
Active
Size
1,780 SF
Property subtype
Retail
Zoning
C-5
Building Details
Year Built
1989
Year Renovated
2023
Listing Agency:
Insight Commercial Real Estate
(580) 353-6100
Listed By:
Melissa Busse · License #OK
Source:
Crexi
Added: Feb 17
Changed: Aug 11
Last Checked: Aug 10 at 3:02PM
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
Investment Insights
Based on property information with market context.
This is a currently operating, turn-key drive-thru restaurant for sale. It is located on the hard corner of SW H Ave and SW 11th St in Lawton, OK. The drive-thru includes a menu box and speaker with a single service window. The interior kitchen area is equipped with an Ansul system, a 4-bay stainless steel sink, an ice machine, two double fryers, a 6-burner stove with oven, an 8x8 walk-in freezer, and several stainless steel prep tables with shelves, and an employee time clock. The dining area consists of approximately 575 square feet of open space with 10 booths and tables and chairs. There are two ADA restrooms. Renovations have been completed, including replacing the sewer line. The property is not in the FEMA flood zone and is located on a high traffic street. The property size is 1780 square feet.
Key Highlights
- Turn‑key, operating drive‑thru restaurant on a hard corner location.
- Fully equipped kitchen with Ansul system, fryers, stove, oven, walk‑in freezer, and stainless steel prep tables.
- Recent sewer line renovation.
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
$25,435
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
7.27%
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%
$508,700
$508.7K
Cap Rate 7%
$363,357
$363.4K
Cap Rate 9%
$282,611
$282.6K
Market Conditions
NOI Build-Up for 1,780 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
$37.8K $21.24/SF
− Vacancy
−$3.9K −$2.19/SF
EGI
$33.9K $19.05/SF
− OpEx
−$8.5K −$4.76/SF
NOI
$25.4K $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%
$508,700
Cap Rate 7%
$363,357
Cap Rate 9%
$282,611
Alternative Uses
Best Use
Specialty Retail
$363.4K
$317.9K – $423.9K
NOI $25,435 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.7K
$383.0K – $510.7K
NOI $30,640 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,340
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Dining 6%
Home Improvements & Furnishings 4%
Valero Energy
Shops & Services
6,755 visits/mo
0.4 miles
Stripes
Shops & Services
6,241 visits/mo
0.3 miles
Valero Energy
Shops & Services
4,447 visits/mo
0.1 miles
City National Bank
Shops & Services
4,348 visits/mo
0.4 miles
Stripes
Shops & Services
2,247 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Operating drive-thru restaurant on a high-traffic corner in Lawton, OK.
Where is this drive through restaurant located?
The property is located at 801 SW 11th St Lawton, OK.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Turn‑key, operating drive‑thru restaurant on a hard corner location.; Fully equipped kitchen with Ansul system, fryers, stove, oven, walk‑in freezer, and stainless steel prep tables.; Recent sewer line renovation.
