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    420 Larrance St Lawton, OK 73501

    For Sale
    $1,690,000

    High-yield industrial warehouse, 100% occupied.

    Property size:
    7,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 7,200 square foot warehouse, built in 2015, presents a compelling investment opportunity in Lawton, Oklahoma. Located within a thriving industrial park at 420 SE Larrance St, zip code 73501, this property boasts a strong 5.50% capitalization rate and a current Net Operating Income (NOI) of $84,556. The asking price is $1,690,000, translating to $234.72 per square foot. Currently 100% occupied by three tenants: Dbat, Comanche Nation, and Larrance Door, this building offers stability and immediate cash flow. Features include automatic overhead doors and a 24-foot peak height, catering to diverse industrial needs. The property is zoned I-3 and benefits from convenient access to I-44, placing it within easy reach of major transportation routes. Tenants are responsible for their own utilities. Nearby amenities include T&G Construction and Central Mall. This is a rare opportunity to acquire a high-performing, well-located industrial asset in a growing market.

    Property Features for 420 Larrance St

    General Information

    Property type
    Distribution properties
    Square Feet
    7,200 SF

    Building Details

    Year Built
    2015

    HighLights

    • 100% Occupancy.
    • Excellent I‑44 accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    D-BAT Lawton Batting Cage Center

    Suggested Use

    Restaurant Realty agency Dental Office Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.3859815
    Latitude
    34.6024516

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    FAQs

    What type of property is this?
    Distribution property - High-yield industrial warehouse, 100% occupied.
    Where is this distribution property located?
    The property is located at 420 Larrance St Lawton, OK.
    What is the asking price?
    The asking price for this property is $1,690,000.
    What are key features of this property?
    This property features: 100% Occupancy.; Excellent I-44 accessibility.;
    Request Owner's contact information
    420 Larrance St Lawton, OK 73501
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    Lawton, OK 73501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    420 Larrance St Lawton, OK 73501
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