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    1202 W Gore Blvd Lawton, OK 73501

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    1202 W Gore Blvd Lawton, OK 73501

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    • Drive through restaurants
    • 1,400 SF
    • 2.55 lot acres
    For Sale
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    Commercial Lots in Lawton, OK For Sale
    Contact for pricing
    2.55 Acres

    Commercial Lots in Lawton, OK

    Nine commercial lots totaling 4.22 acres for sale.

    1202 W Gore Blvd, Lawton, OK
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    Property ID
    US69-0705764
    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

    • Drive through restaurants

    Property Details for 1202 W Gore Blvd

    Year built
    1988
    Lot size
    2.55 lot acres
    Property size
    1,400 SF
    Property type
    Drive through restaurants
    APN
    28705
    APU
    28705

    Description

    This exceptional 2.55-acre commercial land parcel is strategically located on Gore Boulevard in Lawton, Oklahoma, a high-traffic thoroughfare. The property's address is 1202 W. Gore, Lawton, OK 73501, situated in Comanche County and within a thriving commercial district. Its prime location offers excellent visibility and accessibility. This parcel is available for sale as a single unit or can be subdivided to accommodate various development needs. The property is ready for immediate development, presenting a significant opportunity for investors and developers. The asking price is $1,650,000. The property is also available as part of a larger portfolio that includes seven additional lots on Gore Boulevard. Nearby businesses include Domino's Pizza, Lawton Floor Covering, and Stripes. The property's proximity to these established businesses further enhances its value and potential. This is a rare opportunity to acquire a substantial commercial land parcel in a high-growth area of Lawton. The property's location on Gore Boulevard, adjacent to 11th Street, ensures high traffic volume and excellent exposure. Consider the potential for a variety of commercial developments on this versatile and well-positioned land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.407
    Latitude
    34.6083
    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
    $5,191
    $37,229
    $10,770
    $47,999
    -
    $518,250
    $95,893
    $614,143

    Comparable in this City

    • Value Estimation by Request
      1,462 SF

      501 11th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,462 SF
      501 11th St, Lawton, OK 73501-4701
      View Details
    • Value Estimation
      $595,000
      5,054 SF

      2202 Gore Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,054 SF
      2202 Gore Blvd, Lawton, OK 73501-6115
      View Details
    • Value Estimation
      $2,505,000
      3,605 SF

      1102 Lee Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,605 SF
      1102 Lee Blvd, Lawton, OK 73501-5606
      View Details
    • Value Estimation
      $580,000
      4,949 SF

      1211 Lee Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,949 SF
      1211 Lee Blvd, Lawton, OK 73501-5607
      View Details
    • Value Estimation by Request
      2,160 SF

      2020 Gore Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,160 SF
      2020 Gore Blvd, Lawton, OK 73501-6104
      View Details
    • Value Estimation by Request
      1,200 SF

      902 11th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,200 SF
      902 11th St, Lawton, OK 73501-5051
      View Details

    Similar Nearby for Sale

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      5,208 SF

      1211 SW Lee Blvd, Lawton, OK 73501

      Drive through restaurants • 5,208 SF
      1211 SW Lee Blvd, Lawton, OK 73501
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      1,780 SF

      Turn-Key Drive-Thru Restaurant For Sale

      Operating drive-thru restaurant on a high-traffic corner in Lawton, OK.
      801 SW 11Th St, Lawton, OK 73501
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      1,632 SF

      Restaurant Property on Corner Lot

      Commercial restaurant property with drive-through and ample parking.
      1108 SW Park Ave, Lawton, OK 73501
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      2,550 SF

      Restaurant on High-Traffic Thoroughfare

      Fully equipped restaurant for sale on Lawton's busiest street.
      2122 W Gore Blvd, Lawton, OK 73501
      View Details
    • Contact for pricing
      2,572 SF

      Freestanding Tavern Building For Sale

      Freestanding tavern building with frontage along Hwy 277 & SW 6th.
      1811 Sw 6Th St, Lawton, OK 73501
      View Details
    • Contact for pricing
      2,550 SF

      Equipped Restaurant on Busy Thoroughfare

      Restaurant with furniture, fixtures, and equipment included in sale.
      2122 W Gore Blvd, Lawton, OK 73501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      1302 SW 2nd St, Lawton, OK 73501

      Industrial properties
      1302 SW 2Nd St, Lawton, OK 73501
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    • Contact for pricing
      1,500 SF

      Retail Space on SW Lee

      1,500 SF retail space for lease on SW Lee.
      1311-1315 SW Lee Blvd, Lawton, OK 73501
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available for rent, 3,250 SqFt.
      317 SW C Ave, Lawton, OK 73501
      View Details
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      Prime Commercial Space in Lawton

      5,000 SF commercial space for lease in Lawton, Oklahoma.
      2 SE Lee Blvd, Lawton, OK 73501
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    • Contact for pricing
      4,400 SF

      Remodeled Childcare Facility For Lease

      4,000 SF childcare facility available for lease.
      4460 SW Lee Blvd, Lawton, OK 73501
      View Details
    • Contact for pricing

      Versatile Retail and Warehouse Space

      35,000 SF of flexible space near the airport.
      3514 SW 11Th St, Lawton, OK 73501
      View Details
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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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