Retail Building with
For Sale
Contact for pricing
715 SW 11th St, Lawton, OK 73501
Retail building with storage and high traffic location.
Property Size4,800 SF
Price / SF$92.71
Days on Market1215
Property Features for 715 SW 11th St
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Retail
Zoning
C-5
Building Details
Year Built
1963
Buildings
1
Stories
1
Listing Agency:
Insight Commercial Real Estate Brokerage
(580) 353-6100
Listed By:
Jason Wells · License #OK 148638
Source:
Crexi
Added: Apr 28, 2023
Changed: Aug 9
Last Checked: Aug 23 at 7:51AM
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 Brokerage
Investment Insights
Based on property information with market context.
This retail building and lot are available for sale, situated on the hard corner of SW 11th St and H Ave, just north of the high-traffic SW Lee Blvd. The building, formerly a pawn shop, encompasses approximately 4,800 square feet, divided into approximately 2,400 square feet of retail area and approximately 2,400 square feet of storage area. Floor coverings consist of carpet, concrete, and vinyl tile. The ceiling is acoustical tile in the retail area and open ceiling in the storage area. The layout includes two private offices, a storage vault, one restroom, a retail area, and a storage area equipped with two overhead doors. Surrounding businesses include Habitat For Cali Burrito, Goodwill, CVS, and McDonalds.
Key Highlights
- High‑traffic corner location at SW 11th St and H Ave, near SW Lee Blvd
- ±4,800sf building with retail and storage areas
- Two overhead doors in storage area
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
$28,291
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
6.36%
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%
$565,820
$565.8K
Cap Rate 7%
$404,157
$404.2K
Cap Rate 9%
$314,344
$314.3K
Market Conditions
NOI Build-Up for 4,800 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
$35.7K $7.44/SF
− Vacancy
−$2.4K −$0.51/SF
EGI
$33.3K $6.93/SF
− OpEx
−$5.0K −$1.04/SF
NOI
$28.3K $5.89/SF
Area
Comanche County, OK
Vacancy
6.80%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
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%
$565,820
Cap Rate 7%
$404,157
Cap Rate 9%
$314,344
Alternative Uses
Best Use
Retail
$914.5K
$800.2K – $1.07M
NOI $64,016 @ 7.0% cap · market cap 14.39%
Second Best
Warehouse
$404.2K
$353.6K – $471.5K
NOI $28,291 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,626 @ 7.0% cap · market cap 18.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with storage and high traffic location.
Where is this storefront property located?
The property is located at 715 SW 11th St Lawton, OK.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: High‑traffic corner location at SW 11th St and H Ave, near SW Lee Blvd; ±4,800sf building with retail and storage areas; Two overhead doors in storage area
