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1301 W Gore Blvd 3,375 SF 100% Leased Office Building Lawton, OK 73501 $273,250 ($80.96/SF) 10.66% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully occupied
- 4 Suites
- Corner Lot
EXECUTIVE SUMMARY
Fully occupied office suites, mid sized offices, each with bathrooms and breakrooms.
Historically, the occupancy is near 100% every year.
New roof in 2023.
All HVAC units are on a monthly service plan.
All electric boxes replaced 10/2024.
All fire extinguishers updated 10/2024.
French drain installed 01/2024.
Historically, the occupancy is near 100% every year.
New roof in 2023.
All HVAC units are on a monthly service plan.
All electric boxes replaced 10/2024.
All fire extinguishers updated 10/2024.
French drain installed 01/2024.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$49,200
|
$14.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$49,200
|
$14.58
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$20,079
|
$5.95
|
| Net Operating Income |
$29,121
|
$8.63
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $49,200 |
| Annual Per SF | $14.58 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $49,200 |
| Annual Per SF | $14.58 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $20,079 |
| Annual Per SF | $5.95 |
| Net Operating Income | |
|---|---|
| Annual | $29,121 |
| Annual Per SF | $8.63 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,375 SF
Building Class
B
Year Built
1965
Price
$273,250
Price Per SF
$80.96
Cap Rate
10.66%
NOI
$29,120
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,100 SF
Building FAR
0.48
Lot Size
0.16 AC
Zoning
C-5 - Commercial C5 intended for the conduct of personal and business services and the general retail business of the community.
Parking
12 Spaces (10.91 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 160014330 | Improvements Assessment | $9,809 (2024) |
| Land Assessment | $5,513 (2024) | Total Assessment | $15,322 (2024) |
PROPERTY TAXES
Parcel Number
160014330
Land Assessment
$5,513 (2024)
Improvements Assessment
$9,809 (2024)
Total Assessment
$15,322 (2024)
MAP
ADDITIONAL PHOTOS
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M.R.-SpencerBldg-Ste8-2
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