Single-Family / Residential Income
For Sale
$97,000
1527 W Gore Boulevard, Lawton, OK 73501
SINGLE_FAMILY - Lawton, OK
Property Size1,254 SF
Lot Size0.24 Acres
Price / SF$77.35
Days on Market122
Property Features for 1527 W Gore Boulevard
General Information
Property type
Residential
Property subtype
Retail
Directions
West Gore Blvd between 16th and 15th Street.
Standard status
Active
APN
1527WGore73501
Size
1,254 SF
Lot size
0.24 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Listing Agency:
RE/MAX First · RE/MAX International
(405) 843-8448
Listed By:
Souri Moghadam
(580) 583-2372
Added: Apr 13
Changed: Aug 1
Last Checked: Aug 12 at 3:06PM
MLS# 1223802
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-family/residential income property is offered for sale and sits on a lot measuring 75 feet wide by 140 feet deep, per the county assessor. The property is in need of some TLC, but the layout is described as flexible, with the ability to be built out to suit the next owner’s needs.
Located on W Gore Boulevard in Lawton, Oklahoma, the property benefits from exposure on a busy roadway, with access intended for customers.
As presented, the offering is a residential-type property with redevelopment flexibility and street-facing visibility along Gore Boulevard.
Located on W Gore Boulevard in Lawton, Oklahoma, the property benefits from exposure on a busy roadway, with access intended for customers.
As presented, the offering is a residential-type property with redevelopment flexibility and street-facing visibility along Gore Boulevard.
Key Highlights
- Commercial property at 1527 W Gore Blvd in Lawton, OK on busy Gore Blvd
- Lot size per county assessor: 75 ft wide x 140 ft deep
- Flexible layout that can be built out to suit your needs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,141
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$122,820
$122.8K
Cap Rate 7%
$87,729
$87.7K
Cap Rate 9%
$68,233
$68.2K
Market Conditions
NOI Build-Up for 1,254 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$12.5K $9.96/SF
− Vacancy
−$1.3K −$1.06/SF
EGI
$11.2K $8.90/SF
− OpEx
−$5.0K −$4.01/SF
NOI
$6.1K $4.90/SF
Area
Comanche County, OK
Vacancy
10.60%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$122,820
Cap Rate 7%
$87,729
Cap Rate 9%
$68,233
Alternative Uses
Best Use
Apartment 5plus
$87.7K
$76.8K – $102.4K
NOI $6,141 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.4K
$269.8K – $359.8K
NOI $21,586 @ 7.0% cap · market cap 22.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
Explore this area
Business Placement
Demographics for 73501, OK
19,158
Population
9,216
Households
2.1
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
105.0 sq mi
ZIP Area
182
Density / Sq Mi
$49,061
Median Household Income
$31,399
Median Earnings
$831
Median Rent
$119,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Property on W Gore Boulevard with a lot measuring 75 by 140 feet and a layout that needs some TLC.
Where is this single family property located?
The property is located at 1527 W Gore Boulevard Lawton, OK.
What is the asking price?
The asking price for this property is $97,000.
What are key features of this property?
This property features: Commercial property at 1527 W Gore Blvd in Lawton, OK on busy Gore Blvd; Lot size per county assessor: 75 ft wide x 140 ft deep; Flexible layout that can be built out to suit your needs
