102 SW 11th St, Lawton, OK 73501
102 SW 11th St, Lawton, OK 73501
102 SW 11th St, Lawton, OK 73501
102 SW 11th St, Lawton, OK 73501
102 SW 11th St, Lawton, OK 73501
102 SW 11th St, Lawton, OK 73501
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Real Estate Experts LLC

Real Estate Experts LLC

+1(580) 248-2600
$ 895,000
Est. payment | /mo

135 Baths

22,080 SqFt

Save
$ 895,000
Est. payment | /mo
Save

135 Baths

22,080 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 22,080 sqft

Price per Sqft $40

MLS Listing ID 169990

Year Built 1972

Annual Tax Amount $8,431

Lot Size 0.861 Acres

Lot Dimensions 37,500

Property Sub-Type Commercial

Property Description

102 SW 11th, Lawton, Oklahoma (22,080 SF, leased at $5,750/month, and with electrical completely updated, plumbing updated, freshly painted interior in two suites, roof 2 years old, all new HVAC updated, services, LED lighting installed with panels throughout the entire building, new garage door on loading deck. Stainless steel kitchen equipment installed in one smaller suite, with newly updated bathroom, doors, flooring, fresh paint, wall mounted tv and tables, chairs to accommodate tenant needs. 135 Parking spaces. Key data: Current lease income: $5,750/month ? $69,000/year. Size: 22,080 SF ' means current rent averages about $3L12/SF/year ( $69,000 - 22,080 ). Under rented based on community need to support a highly impactful program, Salvation Army. Market data: For commercial properties in Lawton: Retail cap-rates range roughly from -5.5% to 13% in the market. For the broader city all-property average cap rate cited at -8.37%. Improvements made with electrical, roof, EVAC reduce risk/investment required and allow for higher rent. Valuation scenarios: Using the cap-rate method (Value = Net Operating Income + Cap Rate). Assume some modest expense allowance; Simply use NOI - $69,000 (pretending expenses are modest) to give a range. At a 8% cap rate (consistent with the -8.4% market average) ? Value $69,000 ~ 0.08 = $862,500. Which does not consider the vacant suite which can generate an estimate $2500-3000 per month, increasing CAP.

Location

State OK

County Comanche

Area Original Townsi

Zoning C-5 General Comm

Interior

Heating Central Gas

Cooling Central Electric

Flooring Concrete, Vinyl Tile

Fireplace No

Appliance Refrigerator

Exterior

Roof Type Flat/Rubber

Building

Story 1

Sewer Public Sewer

Water Public

Others

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Listed byNext Home Tri-Covenant Realty

Nearby Locations

Real Estate Experts LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(580) 248-2600

realestateexperts@realestateexpertsllc.com

22 SW D, Ste 1, Lawton, 73501, United States

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102 SW 11th St