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 Market829
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: Oct 12
Last Checked: Oct 16 at 8:23AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$48,758
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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
