Lawton Office/Medical/Retail Building For
For Sale
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1401 SW Parkridge, Lawton, OK 73505
100% occupied office/medical/retail building in Lawton, Oklahoma.
Property Size10,000 SF
Price / SF$145
Days on Market680
Property Features for 1401 SW Parkridge
General Information
Standard status
Active
Size
10,000 SF
Class
C
Property subtype
Office, Retail
Zoning
C-4
Building Details
Year Built
2006
Listing Agency:
Cummins-Setters Commercial Partners
(580) 284-0044
Listed By:
Ted Warkentin · License #OK 157217
Source:
Crexi
Added: Oct 2, 2024
Changed: Aug 12
Last Checked: May 13 at 8:24PM
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 is an office, medical, and retail building located in Lawton, Oklahoma. The property is 100% occupied. The building is suitable for office, medical, or retail use and has a total size of 10000 square feet.
Key Highlights
- 100% Occupied
- Excellent office/medical/retail building
- Price Adjustment
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
$133,366
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
9.20%
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%
$2,667,320
$2.7M
Cap Rate 7%
$1,905,229
$1.9M
Cap Rate 9%
$1,481,844
$1.5M
Market Conditions
NOI Build-Up for 10,000 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
$212.4K $21.24/SF
− Vacancy
−$21.9K −$2.19/SF
EGI
$190.5K $19.05/SF
− OpEx
−$57.2K −$5.72/SF
NOI
$133.4K $13.34/SF
Area
Comanche County, OK
Vacancy
10.30%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
30.00%
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%
$2,667,320
Cap Rate 7%
$1,905,229
Cap Rate 9%
$1,481,844
Alternative Uses
Best Use
Retail
$1.91M
$1.67M – $2.22M
NOI $133,366 @ 7.0% cap · market cap 9.20%
Second Best
Office B
$1.88M
$1.65M – $2.20M
NOI $131,883 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,138 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Oak Ridge Animal Center — 4102 SW Lee Blvd, Lawton, OK 73505
Frequently Asked Questions
What type of property is this?
Medical Office Space - 100% occupied office/medical/retail building in Lawton, Oklahoma.
Where is this medical office space located?
The property is located at 1401 SW Parkridge Lawton, OK.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 100% Occupied; Excellent office/medical/retail building; Price Adjustment
