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

    301 Sheridan Rd Lawton, OK 73505

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Lawton location, high traffic, 0.36 acres.

    Property Features for 301 Sheridan Rd

    General Information

    Property type
    Land
    Lot Size
    15,682 SF

    We can help!

    Listing Contact
    Ted Warkentin
    Ted Warkentin

    Listing Agency: Cummins-Setters Commercial Listing Agent: Ted Warkentin

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.36-acre commercial land parcel presents a unique investment opportunity in Lawton, Oklahoma. Situated on the highly visible corner of NW Sheridan Road and NW Bell Avenue, this property boasts an estimated daily traffic count of approximately 20,200 vehicles, ensuring maximum exposure for any future development. The property is zoned PO, making it suitable for a variety of professional office uses. Its strategic location is further enhanced by its proximity to established businesses, including Farmers Insurance, Dana Oyler General Practice, Comprehensive & Cosmetic Dentistry, Liberty Tax Service, and Ferrara Chiropractic. This prime location offers excellent visibility and accessibility, making it an ideal site for a new commercial venture. The asking price is $169,000. The property's address is 301 NW Sheridan Rd, Lawton, OK 73505, within Comanche County. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving area with high traffic volume and established neighboring businesses. Don't miss out on this chance to build your business in a prime Lawton location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Scott's Appliance Repair Home Appliance Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.421915
    Latitude
    34.612221

    Nearby Similar for Sale

    • $700,000
      7,130 SF

      Lawton Medical Office Building

      7,300 SF medical office building in Lawton, Oklahoma.
      10 NW 38Th St, Lawton, OK 73505
      View Details
    • $600,000
      3,100 SF

      Remodeled Office Building, Lawton OK

      Move-in ready commercial property on high-traffic Gore Boulevard.
      2510 W Gore Blvd, Lawton, OK 73505
      View Details
    • $139,900
      1,824 SF

      Lawton Office/Retail Building For Sale

      Versatile building suitable for office or retail use.
      1222 NW Cache Rd, 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
    • $849,900
      6,689 SF

      Leased Retail Spaces with Laundromat

      Leased retail spaces plus laundromat in Lawton, Oklahoma.
      526 SW 11Th St, Lawton, OK 73501
      View Details
    • New
      $169,989
      Pending

      40 Acres of Ranch Land

      40 acres of fenced land suitable for livestock or crops.
      NE Carlson Rd, Lawton, OK 73507
      View Details
    • $390,000
      4,050 SF

      Cash Flowing Duplex Portfolio

      Turnkey Lawton duplexes near Ft. Sill and Cameron University.
      3110 NW Ferris Ave, Lawton, OK 73505
      View Details
    • $145,000
      1,168 SF

      Retail Building Near Fort Sill

      Retail building in high-traffic area near Fort Sill.
      2405 NW Sheridan Rd, Lawton, OK 73505
      View Details
    • $84,500
      1,100 SF

      Remodeled Duplex Investment Opportunity

      Income-generating duplex with remodeled interiors, tenant occupied, great investment potential.
      1405 NW Baldwin Ave, Lawton, OK 73507
      View Details
    • New
      $160,000

      Renovated Duplex Near Fort Sill

      Renovated duplex in Lawton, OK, ideal for investors.
      2326 NW Denver Ave, Lawton, OK 73505
      View Details
    • $135,000
      1,259 SF

      Renovated Homes, Investment Opportunity

      Two renovated homes on one lot, ideal for rental income.
      1407 NW Columbia Ave, Lawton, OK 73507
      View Details
    • $425,000

      11-Unit Investment Property

      Fully occupied, income-generating multifamily property.
      1910 NW Hoover Ave, Lawton, OK 73507
      View Details

    FAQs

    What type of property is this?
    Land - Prime Lawton location, high traffic, 0.36 acres.
    Where is this land located?
    The property is located at 301 Sheridan Rd Lawton, OK.
    What is the asking price?
    The asking price for this property is $169,000.
    What are key features of this property?
    This property features: 0.36-acre commercial lot in Lawton, OK, on the hard corner of NW Sheridan Rd and NW Bell Ave.; High daily traffic count of approximately 20,200 vehicles.; Zoned PO, suitable for various professional office uses.
    (580) 284-0044 Call to check price and availability
    Request Owner's contact information
    301 Sheridan Rd 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.
    301 Sheridan Rd
    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
    301 Sheridan Rd 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ted Warkentin
    Ted Warkentin
    Real Estate License ID: 157217
    (580) 284-0044
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!