Retail Development with Expansion
5104 Southwest Lee Boulevard Lawton, OK 73505
For Sale
Contact for pricing
New retail development with existing tenants and expansion opportunity.
Property Size4,800 SF
Price / SF$332.92
Days on Market694
Property Features for 5104 Southwest Lee Boulevard
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Retail
Listing Agency:
Cummins-Setters Commercial Partners
(580) 284-0044
Listed By:
Ted Warkentin · License #OK 157217
Source:
Crexi
Added: Sep 4, 2024
Changed: Jul 10
Last Checked: Jul 28 at 11:00AM
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 new retail development features a building of approximately 4,800 square feet. The property is currently tenanted by Subway and McBride Orthopedic. There is excess land available, offering the potential to add another building to the development.
Key Highlights
- New development property.
- Existing tenants: Subway and McBride Orthopedic.
- Building size: approx. 4,800 SF.
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 | $102.0k | $21.24 |
| − Vacancy | −$10.5k | −$2.19 |
| EGI | $91.5k | $19.05 |
| − OpEx | −$27.4k | −$5.72 |
| NOI | $64.0k | $13.34 |
4,800 SF · lease $21.24/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$914.5K
$800.2K – $1.07M
NOI $64,016 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,626 @ 7.0% cap · market cap 5.17%
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 - New retail development with existing tenants and expansion opportunity.
Where is this retail space located?
The property is located at 5104 Southwest Lee Boulevard Lawton, OK.
What is the asking price?
The asking price for this property is $1,598,000.
What are key features of this property?
This property features: New development property.; Existing tenants: **Subway and McBride Orthopedic.**; Building size: approx. 4,800 SF.
