Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2202 NW Terrace Hills Blvd Lawton, OK 73505

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $710 /Mo ($13 SF/Yr)

    Turn-key salon space available for lease near Lawton Market.

    Property size:
    609 SF
    Lot size:
    1.83 Acres

    Property Features for 2202 NW Terrace Hills Blvd

    General Information

    Size
    609 SF
    Lot size
    1.83 Acres

    We can help!

    Listing Contact
    Melissa Busse
    Melissa Busse
    Source: Moodyscre

    Listing Agent: Melissa Busse

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

    Learn more

    Overview

    Salon Space on Terrace Hills

    A turn-key salon is available for lease on NW Terrace Hills Blvd, situated on the high-traffic west side of Lawton, near the Lawton Market Place. The 609 square feet space includes 2 hair washing basins. The space has completed city compliance inspections and is ready for immediate occupancy. While the current best use is as a salon, the space can also be converted into a retail or office space. Nearby businesses include Target, Walmart, Starbucks, Qdoba, McDonalds, Academy Sports and Outdoors, TJ Maxx, and Burlington Coat Factory.
    Location Intelligence

    Current Use by Public Records

    Bush's Gas & Food ... Convenience Store ALON Gas Station Gas Station I Heart Kids ... Child Care Agency Happy Daze Cannabis Cannabis Store ATM Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.488423
    Latitude
    34.631757

    Nearby Similar for Lease

    • $2,625 /Mo
      3,500 SF

      Renovated Yoga Studio in Lawton

      Newly renovated 3,500 sq ft yoga studio for rent.
      4645 W Gore Blvd, Lawton, OK 73505
      View Details
    • $1,500 /Mo
      2,000 SF

      Renovated Commercial Space in Lawton

      Fully renovated 2,000 sq ft space ideal for office or clinic.
      4645 W Gore Blvd, Lawton, OK 73505
      View Details
    • $10 SF/Yr
      3,743 SF

      Downtown Lawton Office Space Available

      Two-story office space for lease in Lawton's Central Business District.
      519 SW C Ave, Lawton, OK 73501
      View Details
    • Contact for pricing
      4,388 SF

      Lawton Retail Space in Central Mall

      Retail space for lease in Lawton's Central Mall.
      200 SW C Ave, Lawton, OK 73501
      View Details
    • $1,750 /Mo
      4,360 SF

      Lawton Warehouse with Office Space

      4,360 SF warehouse with office space and secured yard.
      816 SE 2Nd St, Lawton, OK 73501
      View Details
    • Contact for pricing
      10,740 SF

      Lawton Office Space For Lease

      Prime Lawton location, 2,000 sq ft available.
      2602 Lee Blvd, Lawton, OK 73505
      View Details
    • $10 SF/Yr
      156,616 SF

      Cache Road Square Retail Center

      Prime Lawton Retail Space, Multiple Units Available
      3801 Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Hamra Plaza

      High-traffic retail space available in Lawton, Oklahoma.
      2504 NW Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Lawton, OK

      Retail space available in Lawton, Oklahoma near major retailers.
      2136 NW 82Nd St, Lawton, OK 73505
      View Details
    • $3,500 /Mo
      2,816 SF

      Remodeled Office Building Near Lawton

      Remodeled office building with modern amenities and ample parking.
      22937 Ok-58, Lawton, OK
      View Details
    • $1,800 /Mo
      2,000 SF

      Retail/Office Space on W Gore

      Retail or office space for lease with remodeling options.
      6221-6227 W Gore Blvd, Lawton, OK 73505
      View Details
    • $12 SF/Yr
      5,467 SF

      Lawton Retail Center

      Prime Lawton location, multiple suites available
      24-28 67Th St, Lawton, OK 73505
      View Details

    FAQs

    What type of property is this?
    Retail space - Turn-key salon space available for lease near Lawton Market.
    Where is this retail space located?
    The property is located at 2202 NW Terrace Hills Blvd Lawton, OK.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on NW Terrace Hills Blvd near Lawton Market Place.; - Turn-key salon ready for immediate move-in.; - Includes 2 hair washing basins.
    (580) 353-6100
    Request Owner's contact information
    2202 NW Terrace Hills Blvd Lawton, OK 73505
    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.
    2202 NW Terrace Hills Blvd
    Lawton, OK 73505
    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
    2202 NW Terrace Hills Blvd Lawton, OK 73505
    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

    We can help!
    Listing Contact
    Melissa Busse
    Melissa Busse
    (580) 353-6100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.