1920 Cache RdLawton, OK 73507

Property Details for 1920 Cache Rd

Year built

1977

Lot size

0.33 AC

Property size (Sq ft)

3,750 SF

Property type

Office buildings

APN

23924

APU

23924

Description

This exceptional 2,500-square-foot storefront retail/office space is ideally situated at 1920 NW Cache Rd in Lawton, Oklahoma, 73507. Built in 1977 and renovated in 2017, this single-tenant property boasts a highly desirable C-4 zoning classification. The building comprises a single story and offers ample parking with a ratio of 3.73 spaces per 1,000 square feet. The interior layout is well-designed and includes seven individual offices, a dedicated conference room, a spacious waiting area, a reception area, a convenient breakroom with a kitchen, and a fully compliant ADA bathroom. This property benefits from its location on a busy thoroughfare, NW Cache Rd, providing excellent visibility and access to high traffic volume. The lease is a modified gross lease, with the tenant responsible for electricity and the landlord covering water and trash services. The property features available marquee signage for enhanced business promotion. The asking rent is $11.00 per square foot, translating to a monthly rent of $2,291. This is a fantastic opportunity for a business seeking a well-maintained, conveniently located space with excellent visibility in a thriving Lawton commercial district.

• CAP approach

  CAP return

  Valuation

  6%

  $556,850

  6.5%

  $514,016

  7%

  $477,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $451,200

  Geo Method

  $451,200

• Alternative Use

  Use

  Valuation

  Residential

  $637,380

  Hospitality

  $583,836

  Educational

  $485,745

  Medical

  $502,450

  Retail

  $755,603

Location Insight

City

Lawton

County

Comanche

State

Oklahoma

Latitude

34.6229

Longitude

-98.4183

CBSA code

30020

CBSA name

LAWTON, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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