6202 Cache RdLawton, OK 73505

Property Details for 6202 Cache Rd

Year built

1973

Lot size

0.41 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,216,037

  6.5%

  $1,122,496

  7%

  $1,042,318

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,689,466

  Geo Method

  $1,689,466

• Alternative Use

  Use

  Valuation

  Residential

  $946,867

  Hospitality

  $867,326

  Educational

  $721,605

  Medical

  $746,422

  Retail

  $1,122,496

Location Insight

City

Lawton

County

Comanche

State

Oklahoma

Latitude

34.6231

Longitude

-98.468

CBSA code

30020

CBSA name

LAWTON, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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