809 Interstate Dr Lawton, OK 73501-2489
- Warehouses
- 14,720 SF
Oct 16, 2023
Current Use by Public Records
- Nature's Meds / Pharmacy
- Wolfe Maxi Storage / Storage Facility
Property Details for 809 Interstate Dr
- Year built
- 1999
- Property size
- 14,720 SF
- Property type
- Warehouses
- APN
- 99403
- APU
- 99403
Description
This 15,200-square-foot warehouse, situated on a 2.91-acre lot in Lawton, Oklahoma, presents a compelling investment opportunity. The property boasts a desirable location, offering high visibility directly across from the Comanche Nation Casino and convenient access to Interstate 44. Built in 1999, this Class C, single-tenant warehouse features metal construction, a clear height ranging from 16 to 23.5 feet, and two grade-level loading docks. The building is fully vacant, providing immediate occupancy for an owner-user or investor. With 85 parking spaces, the property is well-suited for businesses requiring ample parking. The zoning is I-3, and the property is conveniently located just six miles from Fort Sill Army Base, tapping into the robust Lawton industrial market. The asking price is $1,100,000, translating to $72.37 per square foot. This fee-simple ownership opportunity offers significant potential for growth and return on investment in a strategic location within the Lawton, Oklahoma market. The property's proximity to major transportation arteries and high-profile landmarks makes it an attractive proposition for a variety of industrial uses. The ample parking and substantial square footage provide flexibility for a range of business operations.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,445,000
- 6.5%
- $1,335,000
- 7%
- $1,240,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,296,000
- AI Estimate
- $1,483,000
Market price range: $352k - $1.30MMarket price range: $513k - $1.48M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,040,000
- OFFICE BUILDING
- $1,605,000
- RETAIL STORES
- $1,480,000
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Location Insight
- Map
- Local Demand
- City
- Lawton
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.3791
- Latitude
- 34.5994
- CBSA code
- 30020
- CBSA name
- LAWTON, OK METROPOLITAN STATISTICAL AREA