Retail Building and Warehouse
For Sale
Contact for pricing
1801 NW Sheridan Rd, Lawton, OK 73505
Retail building, warehouse, and commercial land for sale.
Property Size4,444 SF
Lot Size0.91 Acres
Price / SF$67.51
Days on Market2812
Property Features for 1801 NW Sheridan Rd
General Information
Standard status
Active
Size
4,444 SF
Class
C
Lot size
0.91 Acres
Property subtype
Retail
Zoning
C-5
Lease Type
Gross
Investment Type
Owner/User
Building Details
Year Built
1958
Stories
1
Tenancy
Multi
Listing Agency:
Cummins-Setters Commercial Partners
Listed By:
Linda Mask · License #OK 124359
(580) 357-2727
Source:
Crexi
Added: Feb 15, 2019
Changed: Oct 25
Last Checked: Oct 26 at 3:20PM
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 Cummins-Setters Commercial Partners
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a retail building and warehouse space, along with commercial land. The retail building is approximately 1,504 square feet, while the warehouse offers approximately 2,940 square feet of space. The commercial land measures approximately 39,646 square feet. The retail building is currently occupied by a tenant. A vacant lot is situated at the corner of Sheridan Road and Taylor Avenue and is available for sale or lease separately.
Key Highlights
- Large commercial land area: Approx. 39,646 sq. ft.
- Retail building with existing tenant.
- Corner lot location at NW Andrews Ave. & NW Sheridan Rd.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,193
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,860
$523.9K
Cap Rate 7%
$374,186
$374.2K
Cap Rate 9%
$291,033
$291.0K
Market Conditions
NOI Build-Up for 4,444 SF
Gross rent
$33.1K $7.44/SF
− Vacancy
−$2.2K −$0.51/SF
EGI
$30.8K $6.93/SF
− OpEx
−$4.6K −$1.04/SF
NOI
$26.2K $5.89/SF
Area
Comanche County, OK
Vacancy
6.80%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,860
Cap Rate 7%
$374,186
Cap Rate 9%
$291,033
Alternative Uses
Best Use
Retail
$846.7K
$740.9K – $987.8K
NOI $59,268 @ 7.0% cap · market cap 19.76%
Second Best
Warehouse
$374.2K
$327.4K – $436.6K
NOI $26,193 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$1.09M
$956.2K – $1.27M
NOI $76,498 @ 7.0% cap · market cap 25.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Explore this area
Business Placement
Demographics for 73505, OK
46,881
Population
22,124
Households
2.1
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
64.6 sq mi
ZIP Area
726
Density / Sq Mi
$57,496
Median Household Income
$33,601
Median Earnings
$915
Median Rent
$147,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Retail property - Retail building, warehouse, and commercial land for sale.
Where is this retail property located?
The property is located at 1801 NW Sheridan Rd Lawton, OK.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Large commercial land area: Approx. 39,646 sq. ft.; Retail building with existing tenant.; Corner lot location at NW Andrews Ave. & NW Sheridan Rd.**
