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    1601 Cache Rd Lawton, OK 73507

    Sponsored
    For Sale
    $625,000

    Profitable Motel, High Traffic Location

    Property size:
    9,048 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This fully equipped, 30-unit motel in Lawton, Oklahoma, presents a compelling redevelopment opportunity. Situated on a 0.48-acre lot at the hard corner of NW 16th and NW Cache Rd, just west of I-44, this C-class property boasts 9,048 square feet across two, two-story buildings. Built in 1945, the property features 31 beds and 33 keys, currently operating at 50% occupancy. The asking price is $625,000 ($69.08/sq ft). The property includes commercial signage, a slab porch with a roof, and ample private parking. Its prime location benefits from high traffic counts and proximity to established businesses such as Hibdon Tires, Wendy's, Budget Inn, Jeff's Key & Safe Shop, Junction Restaurant, and Sanders Hardware. The property is zoned C-5, offering flexibility for redevelopment. This opportunistic investment is for sale by owner and presents significant potential for increased profitability and return. The APN is 160044363.

    Property Features for 1601 Cache Rd

    General Information

    Property type
    Motels
    Square Feet
    9,048 SF
    Class
    C
    Lot Size
    20,909 SF

    Building Details

    Year Built
    1945
    Buildings
    2
    Stories
    2
    Units
    30

    HighLights

    • High‑traffic location.
    • Excellent visibility with commercial signage, covered porch, and abundant parking.
    • Strong surrounding tenant mix including national and local businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranch Motel Motel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.413640551259
    Latitude
    34.623309673155

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    FAQs

    What type of property is this?
    Motel - Profitable Motel, High Traffic Location
    Where is this motel located?
    The property is located at 1601 Cache Rd Lawton, OK.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: High-traffic location.; Excellent visibility with commercial signage, covered porch, and abundant parking.; Strong surrounding tenant mix including national and local businesses.
    Request Owner's contact information
    1601 Cache Rd Lawton, OK 73507
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    Lawton, OK 73507
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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
    1601 Cache Rd Lawton, OK 73507
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