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    305 Sheridan Rd Lawton, OK 73505

    For Sale
    $474,999

    Turnkey medical office, Lawton, OK. High traffic location.

    Property size:
    4,421 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a 4,421 square foot medical office building situated at 305 NW Sheridan Rd in Lawton, Oklahoma. The single-story, Class C building, constructed in 1997, sits on a 0.32-acre lot and boasts a 6.21% cap rate. Currently operating at 50% occupancy with a multi-tenant lease structure, this property offers significant upside potential. The building features ample parking with a ratio of 4.07 spaces per 1,000 square feet. Its prime location on NW Sheridan Rd, a major thoroughfare, ensures high visibility and accessibility, with 19,650 vehicles passing daily. Excellent signage opportunities further enhance its marketing potential. The property benefits from its proximity to numerous commercial establishments, including Sam's Club, Walmart, Hobby Lobby, Braum's, Raising Cane's, Panera Bread, Walgreens, Cameron University, and Comanche County Memorial Hospital. Its convenient location also places it minutes from Fort Sill. The property is zoned P-0 and offers a turnkey investment opportunity with potential for retail or office space. The asking price is $474,999. The APN is 0024256.

    Property Features for 305 Sheridan Rd

    General Information

    Property type
    Medical offices
    Square Feet
    4,421 SF
    Class
    C
    Lot Size
    13,939 SF

    Building Details

    Year Built
    1997
    Stories
    1

    HighLights

    • 4,421 SF medical office building on 0.32‑acre lot in Lawton, OK.
    • High‑traffic location on NW Sheridan Rd with excellent signage opportunities.
    • Main thoroughfare frontage with 19,650 VPD.
    • Ample parking (4.07 spaces/1,000 SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farmers Insurance - Mindy ... Insurance Agency Dana Oyler General ... Medical Clinic Amity Counseling Counselor Wichita Reflections Counseling Counselor Arleta S Stover Counselor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4217636
    Latitude
    34.6125807

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    FAQs

    What type of property is this?
    Medical office - Turnkey medical office, Lawton, OK. High traffic location.
    Where is this medical office located?
    The property is located at 305 Sheridan Rd Lawton, OK.
    What is the asking price?
    The asking price for this property is $474,999.
    What are key features of this property?
    This property features: 4,421 SF medical office building on 0.32-acre lot in Lawton, OK.; High-traffic location on NW Sheridan Rd with excellent signage opportunities.; Main thoroughfare frontage with 19,650 VPD.
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    Realmo Value Estimation

    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.

    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.

    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
    305 Sheridan Rd Lawton, OK 73505
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