Operational Motel For
For Sale
Contact for pricing
1601 NW Cache Rd, Lawton, OK 73507
Fully equipped motel for sale and redevelopment opportunity.
Property Size9,048 SF
Price / SF$60.79
Days on Market3364
Property Features for 1601 NW Cache Rd
General Information
Standard status
Active
Size
9,048 SF
Class
C
Property subtype
Retail, Hospitality
Zoning
C-5
Occupancy
50%
Investment Type
Redevelopment
Building Details
Year Built
1945
Buildings
2
Stories
2
Units
30
Listing Agency:
Insight Commercial Real Estate
Listed By:
Melissa Busse · License #OK
(580) 353-6100
Source:
Crexi
Added: Aug 1, 2017
Changed: Oct 6
Last Checked: Oct 16 at 8:31AM
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
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Investment Insights
Based on property information with market context.
A fully equipped and operational motel is available for sale and redevelopment. The property is located on the hard corner of NW 16th and NW Cache Rd, just west of I-44. Features include commercial signage, a slab porch with a roof, and ample private parking. Nearby businesses include Hibdon Tires, Wendy's, Budget Inn, Jeff's Key & Safe Shop, Junction Restaurant, and Sanders Hardware. The property size is 9,048 square feet.
Key Highlights
- High‑Traffic Location: Hard corner of NW 16th and NW Cache Rd., just west of I‑44.
- Redevelopment Opportunity: Property suitable for redevelopment.
- Fully Equipped & Operational: Currently functioning as a motel.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,923
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,460
$998.5K
Cap Rate 7%
$713,186
$713.2K
Cap Rate 9%
$554,700
$554.7K
Market Conditions
NOI Build-Up for 9,048 SF
Gross rent
$119.4K $13.20/SF
− Vacancy
−$14.3K −$1.58/SF
EGI
$105.1K $11.62/SF
− OpEx
−$55.2K −$6.10/SF
NOI
$49.9K $5.52/SF
Area
Comanche County, OK
Vacancy
12.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,460
Cap Rate 7%
$713,186
Cap Rate 9%
$554,700
Alternative Uses
Best Use
Hotel Hospitality
$713.2K
$624.0K – $832.1K
NOI $49,923 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $155,750 @ 7.0% cap · market cap 28.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73507, OK
21,605
Population
10,504
Households
2.1
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
243.8 sq mi
ZIP Area
89
Density / Sq Mi
$61,092
Median Household Income
$36,244
Median Earnings
$916
Median Rent
$155,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Similar Off Market Nearby
- Fournier Apartment — 402 NW Sheridan Rd Apt. 1202, Lawton, OK 73505, United States
- Provinity Events Studio — 701 NW 17th St suite b, Lawton, OK 73507
- Economy Inn Lawton — 1122 NW Cache Rd #4096, Lawton, OK 73507
- Deluxe Inn Lawton — 1709 NW Cache Rd, Lawton, OK 73507
- Sheridan Inn — 1525 NW Cache Rd, Lawton, OK 73507
Frequently Asked Questions
What type of property is this?
Motel - Fully equipped motel for sale and redevelopment opportunity.
Where is this motel located?
The property is located at 1601 NW Cache Rd Lawton, OK.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: High‑Traffic Location: Hard corner of NW 16th and NW Cache Rd., just west of I‑44.; Redevelopment Opportunity: Property suitable for redevelopment.; Fully Equipped & Operational: Currently functioning as a motel.
