Versatile Flex Space
For Sale
Contact for pricing
301 NE 20th St, Lawton, OK 73507
Large flex space suitable for various business needs.
Property Size2,400 SF
Lot Size2.21 Acres
Price / SF$93.75
Days on Market1564
Property Features for 301 NE 20th St
General Information
Standard status
Active
Size
2,400 SF
Class
C
Lot size
2.21 Acres
Property subtype
Industrial
Zoning
Industrial
Building Details
Year Built
1979
Buildings
1
Stories
1
Units
1
Listing Agency:
Insight Commercial Real Estate
Listed By:
Melissa Busse · License #OK
(580) 353-6100
Source:
Crexi
Added: Jul 7, 2022
Changed: Oct 5
Last Checked: Oct 16 at 6:41AM
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
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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 flex space is available for sale on NE 20th Street, situated just north of the VFW. The property features an open floor plan and is zoned I-3, making it suitable for a variety of business needs. The building is located on a lot of approximately 2.21 acres. Nearby businesses include the VFW, ABC Animal Hospital, and Los Tres Restaurant. The property size is 2,400 square feet.
Key Highlights
- Large flex space suitable for various business needs.
- Zoned I‑3, offering diverse business opportunities.
- Sits on a large ±2.21 acre lot.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,121
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,420
$242.4K
Cap Rate 7%
$173,157
$173.2K
Cap Rate 9%
$134,678
$134.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$18.7K $7.80/SF
− Vacancy
−$1.4K −$0.59/SF
EGI
$17.3K $7.22/SF
− OpEx
−$5.2K −$2.16/SF
NOI
$12.1K $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%
$242,420
Cap Rate 7%
$173,157
Cap Rate 9%
$134,678
Alternative Uses
Best Use
Flex RnD
$424.6K
$371.5K – $495.4K
NOI $29,722 @ 7.0% cap · market cap 13.21%
Second Best
Industrial
$173.2K
$151.5K – $202.0K
NOI $12,121 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$590.2K
$516.4K – $688.6K
NOI $41,313 @ 7.0% cap · market cap 18.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73507, OK
21,605
Population
10,504
Households
2.1
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
243.8 sq mi
ZIP Area
89
Density / Sq Mi
$61,092
Median Household Income
$36,244
Median Earnings
$916
Median Rent
$155,400
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?
Flex space - Large flex space suitable for various business needs.
Where is this flex space located?
The property is located at 301 NE 20th St Lawton, OK.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Large flex space suitable for various business needs.; Zoned I‑3, offering diverse business opportunities.; Sits on a large ±2.21 acre lot.
