Industrial Space on Lee
For Sale
Contact for pricing
201 SE Lee Blvd, Lawton, OK 73501
9,654 SF industrial space with office and warehouse.
Property Size9,654 SF
Price / SF$62.05
Days on Market784
Property Features for 201 SE Lee Blvd
General Information
Standard status
Active
Size
9,654 SF
Class
C
Property subtype
Industrial
Zoning
I-3
Building Details
Year Built
1962
Stories
1
Listing Agency:
Insight Commercial Real Estate Brokerage
Listed By:
Jason Wells · License #OK 148638
(580) 353-6100
Source:
Crexi
Added: Jul 11, 2024
Changed: Aug 25
Last Checked: Aug 31 at 2:11AM
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 Brokerage
Investment Insights
Based on property information with market context.
This property offers approximately 9,654 square feet of industrial space for sale, situated on high-traffic Southeast Lee Boulevard. The building includes approximately 2,464 square feet of office space, with the remaining area designated as warehouse space. Zoned I-3, the property is suited for manufacturing, assembling, and fabrication of goods. Access to I-44 is conveniently located minutes away. Nearby businesses include Leo and Ken's Truckstop, Wright's Family Diner, and an Alon service station.
Key Highlights
- Large industrial space: ±9,654sf total, suitable for various operations
- Significant office space: ±2,464sf dedicated to office use
- I‑3 zoning: Ideal for manufacturing, assembling, and fabrication
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,758
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$975,160
$975.2K
Cap Rate 7%
$696,543
$696.5K
Cap Rate 9%
$541,756
$541.8K
Market Conditions
NOI Build-Up for 9,654 SF
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.
Gross rent
$75.3K $7.80/SF
− Vacancy
−$5.6K −$0.59/SF
EGI
$69.7K $7.22/SF
− OpEx
−$20.9K −$2.16/SF
NOI
$48.8K $5.05/SF
Area
Comanche County, OK
Vacancy
7.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$975,160
Cap Rate 7%
$696,543
Cap Rate 9%
$541,756
Alternative Uses
Best Use
Industrial
$696.5K
$609.5K – $812.6K
NOI $48,758 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,182 @ 7.0% cap · market cap 27.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 9,654 SF industrial space with office and warehouse.
Where is this manufacturing property located?
The property is located at 201 SE Lee Blvd Lawton, OK.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Large industrial space: ±9,654sf total, suitable for various operations; Significant office space: ±2,464sf dedicated to office use; I‑3 zoning: Ideal for manufacturing, assembling, and fabrication
