Retail Building and Commercial
1801-1811 NW Sheridan Rd Lawton, OK 73505
For Sale
Contact for pricing
Retail building, warehouse, and commercial land for sale.
Property Size1,504 SF
Lot Size0.91 Acres
Price / SF$199.47
Days on Market673
Property Features for 1801-1811 NW Sheridan Rd
General Information
Standard status
Active
Size
1,504 SF
Lot size
0.91 Acres
Property subtype
Industrial, Land, Retail
Building Details
Year Built
1958
Listing Agency:
Cummins-Setters Commercial Partners
(580) 536-4192
Listed By:
Linda Mask · License #OK 124359
Source:
Crexi
Added: Sep 25, 2024
Changed: Jul 10
Last Checked: Jul 28 at 2:27PM
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 property features a retail building and commercial land. The retail building, located at the corner of NW Andrews Ave and NW Sheridan Rd, has a tenant. The building is approximately 1,504 square feet, accompanied by an approximately 2,940-square-foot warehouse. The property includes approximately 39,646 square feet of commercial land. Additionally, a vacant lot with a billboard is situated south of the building. Tanks have been removed from the premises.
Key Highlights
- Large commercial land area: Approx. 39,646 sq. ft.
- Retail building with existing tenant.
- Corner lot location at NW Andrews Ave. & NW Sheridan Rd.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.9k | $21.24 |
| − Vacancy | −$3.3k | −$2.19 |
| EGI | $28.7k | $19.05 |
| − OpEx | −$8.6k | −$5.72 |
| NOI | $20.1k | $13.34 |
1,504 SF · lease $21.24/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$286.5K
$250.7K – $334.3K
NOI $20,058 @ 7.0% cap · market cap 6.69%
Second Best
Warehouse
$126.6K
$110.8K – $147.8K
NOI $8,865 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$369.8K
$323.6K – $431.5K
NOI $25,889 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail property - Retail building, warehouse, and commercial land for sale.
Where is this retail property located?
The property is located at 1801-1811 NW Sheridan Rd Lawton, OK.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Large commercial land area: Approx. 39,646 sq. ft.; Retail building with existing tenant.; **Corner lot location at NW Andrews Ave. & NW Sheridan Rd.**
