Operational Motel For Sale

1601 NW Cache Rd, Lawton, OK 73507

View on Map

For Sale

Contact for pricing

Fully equipped motel for sale and redevelopment opportunity.

Type:Retail, Hospitality

Property size:

9,048 SF

Price / SF:

$69/SF

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.
Ample Private Parking: Offers significant parking space.
Commercial Signage: Includes existing commercial signage for visibility.
Slab Porch With Roof: Features a covered porch area.

We can help!

Contact an agent

Melissa Busse

For Sale

Contact for pricing

Fully equipped motel for sale and redevelopment opportunity.

Type:Retail, Hospitality

Property size:

9,048 SF

Price / SF:

$69/SF

Added:: Aug 1, 2017
Days on Market:: 3264
Last Refresh:: Jul 5 at 4:37 am

Property Features for 1601 NW Cache Rd

General Information

Standard status: Active
Size: 9,048 SF
Property subtype: Retail, Hospitality

Building Details

Year Built: 1945

We can help!

Contact an agent

Melissa Busse

Listing office Insight Commercial Real Estate

Listing date Aug 1, 2017

Source Crexi

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

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.
Ample Private Parking: Offers significant parking space.
Commercial Signage: Includes existing commercial signage for visibility.
Slab Porch With Roof: Features a covered porch area.

Overview

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.

Local Financial Insights For Hotel Hospitality

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$119.4k	$13.20
− Vacancy	−$14.3k	−$1.58
EGI	$105.1k	$11.62
− OpEx	−$55.2k	−$6.10
NOI	$49.9k	$5.52

9,048 SF · lease $13.20/SF/yr · vacancy 12.00% · expense 52.50%

Alternative Uses

Best Use

Hotel Hospitality

$713.2K

$624.0K – $832.1K (±1% cap)

NOI $49,923 @ 7.0% cap · market cap 7.99%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.23M

$1.95M – $2.60M (±1% cap)

NOI $155,750 @ 7.0% cap · market cap 24.92%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Ranch Motel Hotel & Motel

Suggested Use

Similar Places Nearby

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
Provinity Events Studio — 701 NW 17th St suite b, Lawton, OK 73507
Fournier Apartment — 402 NW Sheridan Rd Apt. 1202, Lawton, OK 73505, United States

Location Insight

Map
Local Demand

City: Lawton
County: Comanche
State: Oklahoma
Longitude: -98.414411
Latitude: 34.623681

Nearby Similar for Sale

$356,000

4,640 SF

Lawton Retail Space For Sale

Commercial building in Morford Hills, suitable for various business uses.

1411 NW 33rd Street, Lawton, OK 73505

View Details
$700,000

7,300 SF

Lawton Medical Office Building

7,300 SF medical office near hospitals and major roadways.

10 NW 38th St, Lawton, OK

View Details
$600,000

Remodeled Commercial Property on Gore

Move-in ready commercial property with showroom and office spaces.

2510 W Gore Blvd, Lawton, OK 73505-6315

View Details
$260,000

Corner-Lot Office Building

Recently refreshed office building with multiple workspaces, reception, and 10 parking spaces for professional, business, or medical use.

2101 NW Ferris Ave, Lawton, OK 73507

View Details
$755,000

16-Unit Apartment Building

Fourteen of 16 units are occupied, with rents starting at $650, plus updates already completed throughout.

1401 SW E Ave, Lawton, OK 73501

View Details
$895,000

22,080 SF

Lawton Commercial Property For Sale

22,080 SF commercial property in Lawton, Oklahoma.

102 SW 11th St, Lawton, OK 73501

View Details
$199,000

Flex Space with Remodeled Office

Flex building combines a remodeled front office area with warehouse-style storage and an overhead door.

1016 SW D Ave, Lawton, OK 73501

View Details
$175,000

1,596 SF

Turnkey Salon Building

Single-story salon building with included equipment and fixtures, offering established visibility along a high-traffic boulevard.

1510 W Gore Boulevard, Lawton, OK 73501

View Details
$699,000

6,000 SF

Lawton Commercial Property For Sale

6,000 SF building on a .41 acre lot.

6302 NW Cache Rd, Lawton, OK 73505

View Details
$209,900

Duplex with Private Yards

Two separate homes offer independent utilities and fenced yard space, supporting flexible living or rental use.

501 N 5th, Lawton, OK 73507-6936

View Details
$174,900

Turnkey Grocery Market Opportunity

Established neighborhood food market with flexible purchase options.

1904 NW 18th St, Lawton, OK 73507-2801

View Details
$97,000

1,254 SF

Lawton Commercial Property on Gore

Commercial property with great visibility and flexible layout in Lawton.

1527 W Gore Boulevard, Lawton, OK 73501

View Details

For sale
Motels
OK
Lawton
73507
1601 NW Cache Rd

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 $625,000.

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.