Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Lawton, OK Title is generated by Realmo AI

    2204 NW 38th St, Lawton, OK 73505

    View on Map
    Claim this Listing
    For Sale
    $160,000

    LAND - Lawton, OK

    Lot size:
    4.22 Acres
    Added:
    Dec 11, 2025
    Days on Market:
    173
    Last Refresh:
    Jun 2 at 4:06 pm

    Property Features for 2204 NW 38th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    4.22 Acres

    Taxes and HOA fees

    Tax Year
    2025

    We can help!

    Listing Contact
    DEWAYNE WORKMAN

    Listing agent DEWAYNE WORKMAN License #140170

    Listing office TOP NOTCH REALTY OF ELGIN, LLC 11225 NE JAYRE LAYNE, Elgin, OK

    Listing date Dec 11, 2025

    MLS# 170196 Listing URL

    Copyright © 2026 Lawton Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Zoned residential R4
    • Great investment property
    • Location coordinates provided

    Overview

    This is a 4.22-acre residential land parcel located in Lawton, Oklahoma. The property is zoned R4, making it suitable as an investment property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.440552
    Latitude
    34.632324

    Nearby Similar for Sale

    • $356,000
      4,640 SF

      Lawton Retail Space For Sale

      Commercial building in Morford Hills, suitable for various business uses.
      1411 NW 33rd Street, Lawton, OK 73505
      View Details
    • $700,000
      7,300 SF

      Lawton Medical Office Building

      7,300 SF medical office near hospitals and major roadways.
      10 NW 38th St, Lawton, OK
      View Details
    • $245,000
      3,500 SF

      Lawton Commercial Investment Opportunity

      Commercial land and retail strip mall for sale in Lawton.
      2303 & 2205 NW Sheridan Rd, Lawton, OK 73505
      View Details
    • $600,000

      Remodeled Commercial Property on Gore

      Move-in ready commercial property with showroom and office spaces.
      2510 W Gore Blvd, Lawton, OK 73505-6315
      View Details
    • $275,000

      Refurbished Commercial Office Building, Lawton

      Corner lot office building near Lawton's busiest intersection.
      2101 NW Ferris Ave, Lawton, OK 73507
      View Details
    • $895,000
      22,080 SF

      Lawton Commercial Property For Sale

      22,080 SF commercial property in Lawton, Oklahoma.
      102 SW 11th St, Lawton, OK 73501
      View Details
    • $89,000
      1,432 SF

      Lawton Duplex: Investment Opportunity

      Duplex in Lawton, OK with income potential.
      1302 NW Taft Ave, Lawton, OK 73505
      View Details
    • $699,000
      6,000 SF

      Lawton Commercial Property For Sale

      6,000 SF building on a .41 acre lot.
      6302 NW Cache Rd, Lawton, OK 73505
      View Details
    • $1,500,000

      Lawton, OK Commercial Land

      Commercial construction site on corner of Flower Mound and NE Cache.
      3001 NE Cache Rd, Lawton, OK 73507
      View Details
    • $174,900

      Turnkey Grocery Market Opportunity

      Established neighborhood food market with flexible purchase options.
      1904 NW 18th St, Lawton, OK 73507-2801
      View Details
    • $97,000
      1,254 SF

      Lawton Commercial Property on Gore

      Commercial property with great visibility and flexible layout in Lawton.
      1527 W Gore Boulevard, Lawton, OK 73501
      View Details
    • $250,000

      Lawton Land Ready For Development

      9.18 acres of I-3 zoned land near I-44.
      505 SW Bishop Road, Lawton, OK 73501
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 4.22 acres of residential land for sale.
    Where is this residential land & home lot located?
    The property is located at 2204 NW 38th St Lawton, OK.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Zoned residential R4; Great investment property; Location coordinates provided
    (580) 704-0006
    We can help!
    Listing Contact
    DEWAYNE WORKMAN
    Real Estate License ID: 140170
    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

    Thank You for Inquiry
    2204 NW 38th St, Lawton, OK 73505
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!