Fully Occupied Retail Investment
1108 SW Park Ave Lawton, OK 73501
For Sale
Contact for pricing
Retail spaces for sale near high-traffic intersection.
Property Size2,408 SF
Lot Size0.64 Acres
Price / SF$164.87
Days on Market1328
Property Features for 1108 SW Park Ave
General Information
Standard status
Active
Size
2,408 SF
Lot size
0.64 Acres
Property subtype
Retail
Listing Agency:
Insight Commercial Real Estate
(580) 353-6100
Listed By:
Melissa Busse · License #OK
Source:
Crexi
Added: Dec 9, 2022
Changed: Jul 10
Last Checked: Jul 28 at 1:20PM
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.
Two fully occupied retail spaces are available for sale near the intersection of 11th St. and Lee Blvd. The first property, located at 1108 SW Park Ave, offers approximately 1,686 square feet and features highly visible signage from 11th St. and ample parking. The second property, situated at 1105 SW 11th St., provides approximately 722 square feet, also with highly visible signage and ample parking. The combined lot size is approximately 0.64 acres, offering potential for expansion. Both properties are currently occupied by the same tenant under a year lease with a one-year renewal option. The properties are located near businesses such as McDonalds, Dollar Tree, and Burger King.
Key Highlights
- High‑traffic location at the intersection of 11th St. and Lee Blvd.
- Fully occupied retail spaces providing immediate income.
- Highly visible signage from 11th St. for both properties.
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 | $51.1k | $21.24 |
| − Vacancy | −$5.3k | −$2.19 |
| EGI | $45.9k | $19.05 |
| − OpEx | −$13.8k | −$5.72 |
| NOI | $32.1k | $13.34 |
2,408 SF · lease $21.24/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$458.8K
$401.4K – $535.3K
NOI $32,115 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$592.2K
$518.1K – $690.9K
NOI $41,451 @ 7.0% cap · market cap 10.44%
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 space - Retail spaces for sale near high-traffic intersection.
Where is this retail space located?
The property is located at 1108 SW Park Ave Lawton, OK.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: High‑traffic location at the intersection of 11th St. and Lee Blvd.; Fully occupied retail spaces providing immediate income.; Highly visible signage from 11th St. for both properties.
