Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    22937 OK-58 Lawton, OK

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Remodeled office building with modern amenities and ample parking.

    Type:OFFICE
    Property size:
    2,816 SF
    Lot size:
    4.10 Acres
    Added:
    Oct 8, 2024
    Days on Market:
    569
    Last Refresh:
    Apr 5 at 9:49 pm

    Property Features for 22937 OK-58

    General Information

    Standard status
    Active
    Size
    2,816 SF
    Lot size
    4.10 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 22937 OK-58 Contact us

    We can help!

    Listing Contact
    Melissa Busse
    Melissa Busse

    Listing agent Melissa Busse

    Listing office Insight Commercial Real Estate Brokerage, LLC

    Listing date Oct 8, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Insight Commercial Real Estate Brokerage, LLC

    Overview

    Remodeled Office Building Near Lawton

    This remodeled office building is situated just north of Lawton in Medicine Park, Oklahoma. The property features a large reception area, four large offices, a conference room, a utility and storage area, and a fully equipped kitchen. It also includes two ADA-compliant restrooms and ample cabinet space. The building is equipped with hard-wired fiber optic wiring. Located on the corner of Red Rock Road and Highway 58, the property offers ample parking and manicured landscaping. Lake Lawtonka is located nearby. A warehouse is available for lease at an additional monthly cost, and land is available to add to the lease of both the building and warehouse for an additional monthly fee. The building size is 2,816 square feet.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.58
    Latitude
    34.78

    Nearby Similar for Lease

    • $22 SF/Yr

      Restaurant Space in High-Traffic Area

      Restaurant space for rent in a lively retail area.
      3807 Northwest Cache Road, Lawton, OK, 73505
      View Details
    • $1,500/Mo

      Renovated Commercial Space in Lawton

      Fully renovated 2,000 sq ft space ideal for various businesses.
      4645 W Gore Boulevard, Lawton, OK 73505
      View Details
    • $3,900/Mo

      Remodeled Childcare Facility For Lease

      4,000 SF childcare facility available for lease.
      4460 SW Lee Blvd, Lawton, OK
      View Details
    • $13 SF/Yr

      Retail Space For Lease

      5,129 SF retail space available in Lawton, Oklahoma.
      4019 NW Cache Rd, Lawton, OK, 73505
      View Details
    • $1,000/Mo

      Office Space on Lawton Avenue

      Lease available: 1,287 SF office space with recent renovations.
      1602 NW Lawton Ave, Lawton, OK
      View Details
    • $15 SF/Yr

      Prime Commercial Space in Lawton

      5,000 SF commercial space for lease in Lawton, Oklahoma.
      2 SE Lee Blvd, Lawton, OK 73501
      View Details
    • $2,625/Mo

      Renovated Yoga Studio Opportunity

      Newly renovated yoga studio in a thriving Lawton community.
      4645 W Gore Boulevard, Lawton, OK 73505
      View Details
    • $1,500/Mo

      Renovated Office/Clinic Space For Rent

      Fully renovated 2,000 sq ft space perfect for office/clinic.
      4645 W Gore Boulevard B, Lawton, OK 73505
      View Details
    • $1,850/Mo

      Lawton Warehouses For Lease

      Two warehouses available for lease in Lawton, Oklahoma.
      2609 NW Sheridan Rd, Lawton, OK
      View Details
    • $1,850/Mo

      Lawton Warehouses For Lease

      Two warehouses available for lease in Lawton, Oklahoma.
      2015 NW Hoover Ave, Lawton, OK
      View Details
    • $2,500/Mo

      Retail Space on Sheridan Road

      Retail property with ample signage and concrete parking.
      1003 SW Sheridan Rd, Lawton, OK
      View Details
    • $12 SF/Yr

      Lawton Office/Retail Space Available

      Office or retail space in Eagle’s Landing shopping center.
      1106 SW B Ave, Lawton, OK
      View Details

    FAQs

    What type of property is this?
    Office building - Remodeled office building with modern amenities and ample parking.
    Where is this office building located?
    The property is located at 22937 OK-58 Lawton, OK.
    What is the lease rate?
    The lease rate is $3,500 /Mo.
    What are key features of this property?
    This property features: Remodeled office building on a hard corner location (Red Rock Road and Hwy 58) offers **high visibility and accessibility**.; Features **fiber optic wiring** for fast and reliable internet connectivity.; Includes a **large reception area, 4 large offices, conference room, fully equipped kitchen, and 2 ADA restrooms**.
    (580) 353-6100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Melissa Busse
    Melissa Busse
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!