Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    506 Flower Mound Rd Lawton, OK 73507

    • Commercial real estate
    • 11.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0971836
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 506 Flower Mound Rd

    Lot size
    11.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 11-acre commercial land parcel presents a unique investment opportunity in Lawton, Oklahoma. Strategically situated on Northeast Flower Mound Road, between Gore Boulevard and Cache Road, this property boasts high visibility and convenient access to major thoroughfares. The expansive lot size offers significant development potential for a variety of commercial uses, making it ideal for entrepreneurs and investors seeking to capitalize on Lawton's growing economy. The property's location provides easy access to a substantial population base and established infrastructure. With its prime location and ample acreage, this land parcel represents a rare chance to acquire a highly desirable commercial property in a thriving market. The asking price is $392,000. The property is zoned for commercial use (verification of zoning with local authorities is recommended). Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The address is 506 NE Flower Mound Rd, Lawton, OK 73507. This is an 11-acre lot in Comanche County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.354421
    Latitude
    34.614316

    Comparable in this City

    • Contact for pricing

      High Traffic Commercial Land Parcel

      0.52 acre commercial land parcel on high traffic road.
      1311 NW Cache Rd, Lawton, OK 73507
      View Details
    • Contact for pricing

      Lawton Land Parcels For Sale

      Two parcels near Lawton's Downtown Center, ready for development.
      5 NW Arlington Ave, Lawton, OK 73507
      View Details
    • Contact for pricing

      Residential Lot in Lawton, OK

      Residential lot ready for construction in established Lawton neighborhood.
      409 NE 51St St, Lawton, OK 73507
      View Details
    • Contact for pricing
      Pending

      Residential Lot in Lawton, OK

      Residential lot ready for construction in established Lawton neighborhood.
      507 NE 51St St, Lawton, OK 73507
      View Details
    • Contact for pricing

      Corner Lot on High Traffic

      Corner lot with redevelopment potential on high-traffic Sheridan Rd.
      2124 NW Columbia Ave, Lawton, OK 73507
      View Details
    • $260,000

      Commercial Land Near I-44

      Commercial land with frontage on Rogers Lane, near I-44.
      1 Rogers Ln, Lawton, OK 73507
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      High Traffic Commercial Land Parcel

      0.52 acre commercial land parcel on high traffic road.
      1311 NW Cache Rd, Lawton, OK 73507
      View Details
    • Contact for pricing

      Lawton Land Parcels For Sale

      Two parcels near Lawton's Downtown Center, ready for development.
      5 NW Arlington Ave, Lawton, OK 73507
      View Details
    • Contact for pricing

      Residential Lot in Lawton, OK

      Residential lot ready for construction in established Lawton neighborhood.
      409 NE 51St St, Lawton, OK 73507
      View Details
    • Contact for pricing
      Pending

      Residential Lot in Lawton, OK

      Residential lot ready for construction in established Lawton neighborhood.
      507 NE 51St St, Lawton, OK 73507
      View Details
    • Contact for pricing

      Corner Lot on High Traffic

      Corner lot with redevelopment potential on high-traffic Sheridan Rd.
      2124 NW Columbia Ave, Lawton, OK 73507
      View Details
    • $260,000

      Commercial Land Near I-44

      Commercial land with frontage on Rogers Lane, near I-44.
      1 Rogers Ln, Lawton, OK 73507
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Ready For Development

      Land for lease on the area's busiest thoroughfare.
      7991 NW Stoney Point Rd, Lawton, OK 73507
      View Details
    • $11 SF/Yr
      2,000 SF

      Prime Lawton Office Space

      2,000 SF Office, Ideal Location
      1150 Cache Rd, Lawton, OK 73507
      View Details
    • Contact for pricing
      665 SF

      Lawton Office Suites Available

      Two 665 SF office suites available for lease.
      1930 NW Ferris Ave, Lawton, OK 73507
      View Details
    • $4 SF/Yr
      15,000 SF

      Fort Sill Blvd Plaza Retail Space

      Prime Retail Center, 2 Suites Available
      1802 Fort Sill Blvd, Lawton, OK 73507
      View Details
    • Contact for pricing
      1,287 SF

      Office Space on Lawton Avenue

      Lease available: 1,287 SF office space with recent renovations.
      1602 NW Lawton Ave, Lawton, OK 73507
      View Details
    • Contact for pricing
      1,500 SF

      Renovated Retail Space on Cache

      Retail/office space on high-traffic NW Cache Rd, renovated in 2019.
      1720 NW Cache Rd, Lawton, OK 73507
      View Details
    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.
    506 Flower Mound Rd
    Lawton, OK 73507
    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

    Google sign-in failed. Please try again or use another login method.