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    Property profile & analytics

    1810 Sheridan Rd Lawton, OK 73505

    • Office buildings
    • 8,568 SF
    • 0.36 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    $500,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0096432
    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

    • American Real Estate / Property Management Company / Real Estate Agent
    • MATILDA HARRIS, AMERICAN REAL ESTATE / Real Estate Agent

    Property Details for 1810 Sheridan Rd

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    0.36 lot acres
    Property size
    8,568 SF
    Property type
    Office buildings
    APN
    23028
    APU
    23028

    Description

    This exceptional 4,284-square-foot executive office suite is located on the second floor of a 2004-built professional office building at 1810 NW Sheridan Rd, Lawton, OK 73505. The entire floor is available for lease, offering a blank canvas for a discerning tenant. The space boasts existing plumbing and HVAC infrastructure, simplifying build-out. For long-term leases, the landlord is open to negotiating a build-out allowance and the installation of an elevator, enhancing accessibility and convenience. Ample concrete parking is provided directly in front of the building, ensuring convenient access for employees and clients. This prime location benefits from high visibility, situated just north of the busy intersection of NW Cache Rd. and NW Sheridan Rd. The area offers a variety of nearby amenities, including restaurants such as Church's Chicken, Pusan Korean restaurant, and Little Caesar's Pizza, as well as convenient services like Mega Cleaners and Friendly's Donut Shop. The property is zoned PO and situated in Comanche County. This is a rare opportunity to secure a substantial, well-located office space with potential for customization. The building is multi-tenant, with another business currently occupying the first floor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $559,000
      Market price range: $513k - $1.51M
      AI Estimate
      $596,000
      Market price range: $589k - $1.84M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4227
    Latitude
    34.6284
    CBSA code
    30020
    CBSA name
    LAWTON, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,052
    $8,402
    $56,814
    $65,216
    -
    $74,880
    $551,475
    $626,355

    Comparable in this City

    • Value Estimation by Request
      112 SF

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      1,708 SF

      2407 82nd St

      OFFICE BUILDING • 1,708 SF
      2407 82nd St, Lawton, OK 73505-1157
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      1,468 SF

      67 25th St

      OFFICE BUILDING • 1,468 SF
      67 25th St, Lawton, OK 73505-6245
      View Details
    • Value Estimation by Request
      1,815 SF

      4309 Cache Rd

      OFFICE BUILDING • 1,815 SF
      4309 Cache Rd, Lawton, OK 73505-3639
      View Details
    • Value Estimation by Request
      1,364 SF

      6937 Gore Blvd

      OFFICE BUILDING • 1,364 SF
      6937 Gore Blvd, Lawton, OK 73505-5376
      View Details
    • Value Estimation by Request
      2,732 SF

      1415 33rd St

      OFFICE BUILDING • 2,732 SF
      1415 33rd St, Lawton, OK 73505-3806
      View Details

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    Similar Nearby for Lease

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      Renovated Commercial Space in Lawton

      Fully renovated 2,000 sq ft space ideal for office or clinic.
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    • $16 SF/Yr
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      Lawton Medical Office Space For Sale

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    • $21 SF/Yr
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      Prime Sheridan Road Office Space

      656 sq ft Executive Office Suite for Lease
      1324 Sheridan Rd, Lawton, OK 73505
      View Details
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    1810 Sheridan Rd
    Lawton, OK 73505
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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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