305 NW Sheridan Rd
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305 NW Sheridan Rd
4,421 SF 67% Leased Office Building Lawton, OK 73505 $474,999 ($107/SF) 8.50% Cap Rate
Investment Highlights
- Heavy Traffic
- Ample Parking
- Excellent Signage
- Frontage on Main Thoroughfare
Executive Summary
Turnkey Investment property with 4 units located on NW Sheridan Rd, a highly trafficked thoroughfare in Lawton, Oklahoma. Good access and visibility. Highest and best use is retail &/or office space. Excellent signage. Lots of parking spaces. 19,650 VPD. Centrally located with proximity to commercial neighbors including Sam's Club, Walmart, Hobby Lobby, Braum's (New Construction), Raising Cane's, Panera Bread, Walgreens, Cameron University, and Comanche County Memorial Hospital. Minutes from Ft. Sill.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
4,421 SF
Building Class
C
Year Built
1997
Price
$474,999
Price Per SF
$107
Cap Rate
8.50%
NOI
$40,368
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,421 SF
Building FAR
0.32
Lot Size
0.32 AC
Zoning
P-0 - Professional-Office
Parking
14 Spaces (4.07 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
- Central Heating
- Fully Carpeted
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste C | 1,440 SF | Office | Full Build-Out | Now |
1st Fl-Ste C
| Size |
| 1,440 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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1st Fl-Ste C
| Size | 1,440 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
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Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 0024256 | Total Assessment | $56,838 (2023) |
| Land Assessment | $9,954 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $46,884 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
0024256
Land Assessment
$9,954 (2023)
Improvements Assessment
$46,884 (2023)
Total Assessment
$56,838 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
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305 NW Sheridan Rd
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