Lawton Retail Investment
For Sale
Contact for pricing
1925 W Gore Blvd, Lawton, OK 73501
Three commercial buildings in excellent condition, Lawton, Oklahoma.
Property Size17,136 SF
Price / SF$186.74
Days on Market745
Property Features for 1925 W Gore Blvd
General Information
Standard status
Active
Size
17,136 SF
Class
B
Property subtype
Retail
Zoning
C-1
Building Details
Year Built
2008
Buildings
3
Stories
1
Listing Agency:
Cummins-Setters Commercial Partners
Listed By:
Larry Holcomb · License #OK 156274
(580) 585-1304
Source:
Crexi
Added: Sep 24, 2024
Changed: Oct 2
Last Checked: Oct 7 at 11:17AM
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 commercial property consists of three buildings, each approximately 5,712 square feet, totaling 17,136 square feet. Phase I was constructed in 2009, Phase II in 2010, and Phase III in 2011. The buildings are reported to be in excellent condition. The property is located at the corner of NW Morford Drive and W. Gore Boulevard in Lawton, Oklahoma.
Key Highlights
- Excellent condition of all buildings.
- Located at the corner of NW Morford Dr. & W. Gore Blvd.
- Buildings are approximately 5,712 sq. ft. each.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$228,536
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,570,720
$4.6M
Cap Rate 7%
$3,264,800
$3.3M
Cap Rate 9%
$2,539,289
$2.5M
Market Conditions
NOI Build-Up for 17,136 SF
Gross rent
$364.0K $21.24/SF
− Vacancy
−$37.5K −$2.19/SF
EGI
$326.5K $19.05/SF
− OpEx
−$97.9K −$5.72/SF
NOI
$228.5K $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 Rate 5%
$4,570,720
Cap Rate 7%
$3,264,800
Cap Rate 9%
$2,539,289
Alternative Uses
Best Use
Retail
$3.26M
$2.86M – $3.81M
NOI $228,536 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.21M
$3.69M – $4.92M
NOI $294,975 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
229k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 37%
Apparel 15%
Home Improvements & Furnishings 2%
Hobby Lobby
Shops & Services
40,133 visits/mo
0.4 miles
Ross Dress for Less
Apparel
31,853 visits/mo
0.4 miles
McDonald's
Dining
26,249 visits/mo
0.3 miles
Braum's Ice Cream & Dairy Stores
Dining
24,198 visits/mo
0.3 miles
Murphy USA
Shops & Services
19,818 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Three commercial buildings in excellent condition, Lawton, Oklahoma.
Where is this shopping center located?
The property is located at 1925 W Gore Blvd Lawton, OK.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Excellent condition of all buildings.; Located at the corner of NW Morford Dr. & W. Gore Blvd.; Buildings are approximately 5,712 sq. ft. each.
