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    1214 A Ave Lawton, OK 73501

    • Commercial real estate
    • 0.34 lot acres
    For Sale
    View listing
    $150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0712006
    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 1214 A Ave

    Lot size
    0.34 lot acres
    Property type
    Commercial real estate

    Description

    This 0.34-acre commercial lot, located at 1214 SW A Ave in Lawton, Oklahoma (zip code 73501), is zoned C-5 and presents a unique investment opportunity. Currently improved with three residential rental properties, one of which is currently leased, the land's highest and best use is likely new construction. Ideal for owner-occupied office, retail, or restaurant space. The property enjoys a highly visible location just one block from W Gore Blvd, a major thoroughfare with significant traffic volume. This ensures excellent exposure for any new development. The open lot directly faces W Gore Blvd, providing exceptional visibility to potential customers. The surrounding area boasts a mix of established businesses, including the United Way of Lawton-Ft. Sill, Domino's Pizza, TLT Properties, Goodyear Auto Service Center, Lawton Carpet Company, Sherwin-Williams Paint Store, and Stripes. The asking price is $150,000, translating to a land value of $10 per square foot. This property offers a compelling blend of existing income potential and significant future development upside in a vibrant commercial corridor. The Comanche County location provides easy access to key transportation routes and a strong local market.

    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
    -98.4072521
    Latitude
    34.6070827

    Comparable in this City

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      Lawton Industrial Land - $56,500

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      Lawton Land: Prime Commercial Site

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    • $32,000
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      Gore Blvd Lawton Land - $32K

      Prime Lawton location, vacant 0.17-acre lot.
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    • $899,000
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      Warehouse with Residential and Land

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    Similar Nearby for Sale

    • $56,500
      0.32 Acres

      Lawton Industrial Land - $56,500

      0.32-acre I-1 zoned lot, prime location.
      1931 Washington Ave, Lawton, OK 73501
      View Details
    • $30,000

      Residential Investment Property with Land

      Two homes and three lots available as investment property.
      3003 SE Surrey Ln, Lawton, OK 73501
      View Details
    • $570,000
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      East Lawton Residential Land

      11.98 Acres, R-3 Zoning, Prime Location
      0 Gore Blvd, Lawton, OK 73501
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    • $135,000
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      Lawton Land: Prime Commercial Site

      3.4 Acres, C-4 Zoning, High Visibility
      2201 Lee Blvd, Lawton, OK 73501
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    • $32,000
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      Gore Blvd Lawton Land - $32K

      Prime Lawton location, vacant 0.17-acre lot.
      701 Gore Blvd, Lawton, OK 73501
      View Details
    • $899,000
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      Warehouse with Residential and Land

      Warehouse with living quarters, established grow, and acreage.
      11650 E Gore Blvd, Lawton, OK 73501
      View Details

    Similar Nearby for Lease

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    • $20,400
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      Lawton Retail Space For Lease

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      Lawton Office Building Opportunity

      Prime Lawton Office Space Available
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    • $8,250 /Mo
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      Lamplighter Plaza Office/Retail Space

      5,500 SF office/retail space in Lamplighter Plaza.
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    • $680 /Mo
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      Renovated Office Space Available

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    • $39,000
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      Lawton Industrial Warehouse - 6,240 SF

      Spacious Lawton warehouse, ideal for distribution. Great location & access.
      1302 2Nd St, Lawton, OK 73501
      View Details
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    1214 A Ave
    Lawton, OK 73501
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    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
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