6202 Cache Rd Lawton, OK 73505-3303
- Retail space
- 5,572 SF
- 0.41 lot acres
Current Use by Public Records
- Retail space
Property Details for 6202 Cache Rd
- Year built
- 1973
- Lot size
- 0.41 lot acres
- Property size
- 5,572 SF
- Property type
- Retail space
- APN
- 25390
- APU
- 25390
Description
This exceptional investment opportunity presents a fully occupied, 5,572 square foot retail shopping center located at 6202 NW Cache Rd, Lawton, OK 73505. The property boasts a strong 6.23% cap rate and a substantial net operating income (NOI) of $49,810 annually. Currently featuring four tenants, all on long-term leases, the center enjoys 100% occupancy since February 20, 2023. The building, constructed in 1973, sits on a sizable 36,000 square foot lot (approximately 0.83 acres), providing ample parking and high visibility with 120 feet of frontage on busy Cache Road. The C-5 zoning allows for a variety of uses. The property includes a large marquee sign with an electronic component. The current owner occupies 4,500 square feet and will lease back the space at $4,500 per month as part of a sale-leaseback agreement. This prime location benefits from proximity to established businesses such as Pizza Hut, Chili's, Popeye's, and Applebee's. The asking price is $800,000, translating to $143.58 per square foot. This is a rare opportunity to acquire a stable, high-performing retail investment in a desirable Lawton location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $315,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $499,000
Market price range: $228k - $720k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lawton
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.468
- Latitude
- 34.6231
- CBSA code
- 30020
- CBSA name
- LAWTON, OK METROPOLITAN STATISTICAL AREA
