Industrial Space on Lee
201 SE Lee Blvd Lawton, OK 73501
201 SE Lee Blvd, Lawton, OK, 73501
Contact for pricing
For Sale
Contact for pricing
9,654 SF industrial space with office and warehouse.
Property Size9,654 SF
Price / SF$62.05
Days on Market738
Property Features for 201 SE Lee Blvd
General Information
- Standard status
- Active
- Size
- 9,654 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1962
Listing Agency
Insight Commercial Real Estate Brokerage
(580) 353-6100
Listed by
Jason Wells · License #OK 148638
Source
Crexi
Added: Jul 11, 2024 Checked: Jul 17 at 6:16 am
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
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.3k | $7.80 |
| − Vacancy | −$5.6k | −$0.59 |
| EGI | $69.7k | $7.22 |
| − OpEx | −$20.9k | −$2.16 |
| NOI | $48.8k | $5.05 |
9,654 SF · lease $7.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.12M
NOI $127,320 @ 7.0% cap · market cap 21.26%
Second Best
Warehouse
$812.9K
$711.3K – $948.3K
NOI $56,900 @ 7.0% cap · market cap 9.50%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Vanhoozer Auto Sales
Car Dealership
Hooties Enchanted Garden
(Bike/Boat/Book/etc) Store
Adams Mobile Detailing
Car Wash
JAMARK
Security Service
IdentoGO - MROD LLC
Security Guard Service
Similar For Sale Nearby
FAQs
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
