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    1104 SE 36Th St Lawton, OK 73501
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    1104 SE 36Th St Lawton, OK 73501

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    • Office buildings
    • 7,952 SF
    • 2.06 lot acres
    For Sale
    $475,000
    View Listing →
    Commercial Land For Sale For Sale
    $475,000
    123,710 SF

    Commercial Land For Sale

    Commercial land available for development.

    1104 SE 36th St., Lawton, OK 73501
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    Property ID
    US69-0848344
    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

    • Community Access Inc / Social Service Agency / Charitable Organization

    Property Details for 1104 SE 36Th St

    Year built
    2008
    Lot size
    2.06 lot acres
    Property size
    7,952 SF
    Property type
    Office buildings
    APN
    92254
    APU
    92254

    Description

    This exceptional 2.84-acre commercial land parcel is located at 1104 SE 36th St, Lawton, Oklahoma, 73501, in Comanche County. Zoned C-4, it presents a significant opportunity for various commercial developments. The property's expansive size offers ample space for a wide range of projects. The asking price is $475,000. An additional 0.66 acres with an existing oil change shop and a lease in place can be included for a total of 3.5 acres, presenting a unique value-add opportunity for an investor. This strategic location in Lawton provides excellent visibility and accessibility, making it an ideal site for businesses seeking high traffic exposure. The property's C-4 zoning allows for a diverse range of commercial uses, providing flexibility for potential buyers. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving Oklahoma market. Serious inquiries are encouraged to explore this promising investment prospect. Don't miss out on this chance to secure a prime piece of Lawton real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,865,000
      6.5%
      $1,720,000
      7%
      $1,600,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,172,000
      Market price range: $476k - $1.17M
      AI Estimate
      $1,557,000
      Market price range: $476k - $1.56M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,245,000
      RESTAURANT
      $2,035,000
      COMMERCIAL (GENERAL)
      $1,100,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.3443
    Latitude
    34.5959
    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
    $13,259
    $35,330
    $95,169
    $130,499
    -
    $314,041
    $845,948
    $1,159,989

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      1411 Gore Blvd

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      1411 Gore Blvd, Lawton, OK 73501-3606
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      1407 Gore Blvd

      OFFICE BUILDING • 1,656 SF
      1407 Gore Blvd, Lawton, OK 73501-3606
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    • Value Estimation
      $2,865,000
      27,600 SF

      1707 11th St

      OFFICE BUILDING • 27,600 SF
      1707 11th St, Lawton, OK 73501
      View Details

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      Freestanding office/retail building near Lawton's Central Business District.
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    Similar Nearby for Lease

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      Furnished Office Space Available

      Furnished office space in a retrofitted bank building.
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      Professional Office Building Available

      Professional office building with full-service leases including utilities and janitorial.
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      Office Space on High-Traffic Corner

      Office space with waiting area, offices, and conference room.
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      Renovated Office Space Available

      Full-service lease, renovated with 24-hour access in Lawton, OK.
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      Lamplighter Plaza Office/Retail Space

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      Office Space in Central District

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      View Details
    View Listing
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    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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