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    11 NW 67Th St Lawton, OK 73505

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    11 NW 67Th St Lawton, OK 73505

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    • Retail space
    • 8,400 SF
    • 2.85 lot acres
    For Lease
    $1,065,000
    View Listing →
    Retail Space in Lawton, OK For Lease
    $1,065,000

    Retail Space in Lawton, OK

    Retail space with high visibility and accessibility in Lawton.

    11 NW 67th St, Lawton, OK 73505
    View Listing
    Property ID
    US69-0386518
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Highland Pure Water & Ice / Big Box & Wholesale Store / Distribution Center
    • Pot Luck Dispensary / (Bike/Boat/Book/etc) Store

    Property Details for 11 NW 67Th St

    Year built
    2008
    Lot size
    2.85 lot acres
    Property size
    8,400 SF
    Property type
    Retail space
    APN
    79666
    APU
    79666

    Description

    This Lawton, OK retail strip center at 11 NW 67th St offers 8,400 square feet of leasable space, currently with 7,200 square feet vacant. The property is classified as Class C and sits on a 1.16-acre lot, providing 63 parking spaces for customers and employees. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 6,000 square feet, making it suitable for a variety of retail businesses or a multi-tenant strip center configuration. The property boasts a highly visible location designed to maximize exposure and attract a steady stream of customers. Its spacious layout and ample parking are key features that contribute to a positive tenant and customer experience. The modern design offers a versatile floor plan adaptable to diverse business needs. This prime commercial location presents a significant opportunity for businesses seeking high visibility and convenient access in a thriving commercial area. Don't miss this chance to establish or expand your business in this desirable Lawton location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,186,000
      Market price range: $521k - $1.22M
      AI Estimate
      $1,022,000
      Market price range: $343k - $1.09M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $845,000
      Current use
      COMMERCIAL (GENERAL)
      $1,070,000
      Change: +27% Conversion: Easy
      OFFICE BUILDING
      $965,000
      Change: +14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4742
    Latitude
    34.6101
    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
    $9,086
    $54,071
    $29,951
    $84,022
    -
    $480,633
    $681,145
    $1,161,778

    Comparable in this City

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      RETAIL STORES (PERSONAL SERVICES) • 1,950 SF
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      404 James St

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
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      213 James St

      RETAIL STORES (PERSONAL SERVICES) • 1,621 SF
      213 James St, Lawton, OK 73505
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      217 James St

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      217 James St, Lawton, OK 73505
      View Details
    • Value Estimation by Request
      11,629 SF

      5117 Gore Blvd

      Individual retail properties • 11,629 SF
      5117 Gore Blvd, Lawton, OK 73505
      View Details

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      Retail Building Near Ft. Sill

      Retail building with ample parking and high traffic location.
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      Retail Building with Drive-Thru

      Multi-tenant retail building with drive-thru capability and excellent signage.
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    Similar Nearby for Lease

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      Retail Space with Drive-Thru

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      Retail Space on Sheridan Road

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      Renovated Commercial Space in Lawton

      Fully renovated 2,000 sq ft space ideal for various businesses.
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      Retail Space in Erwin Acres

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      Cache Road Restaurant Space Available

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    11 NW 67Th St
    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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