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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Community centers
1205 Sheridan Rd Lawton, OK 73505-5209
Entity Owned
6-yr Hold
Free & Clear
Property ID
US69-0641047
Property summary
AI-generated overview
This Lawton, Oklahoma commercial property, located at 1205 NW Sheridan Rd, offers ±4,128 square feet of retail space available for lease within the Shops at Sheridan. The building, constructed in 2000 and renovated in 2021, features a total of 36,982 square feet and is currently multi-tenant. Flexible space options are available, divisible down to approximately 2,035 square feet. The property boasts 355 feet of frontage on high-traffic Sheridan Road, providing excellent visibility. Additional features include a back door leading to a common hall and back parking lot, building signage opportunities, and a highly visible pylon sign. Ample parking is provided with 160 spaces. The property is zoned C-5 and sits on a 3.04-acre lot. Currently, 9,676 square feet of space is vacant. Nearby businesses include Staples, Aaron's, US Cellular, and Mango Cannabis. This prime location offers significant potential for a variety of retail businesses.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2000
Total area
13,020 SF
APN
80327
UPID
US69-0641047
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Showman's Choice (Bike/Boat/Book/etc) Store Pet Store & Service
-
Southwest PB & E Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$760k
Owner & transaction history
R And S Investment Properties LLC · 6 yrs held
R And S Investment Properties LLC
since 2019
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+88.6%
Warehouse, storage
$950,000
+58.9%
Medical building
$935,000
+56.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lawton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$600,000
Current use
RETAIL STORES
$1,130,000
Change: +89% · Conversion: Easy
WAREHOUSE, STORAGE
$950,000
Change: +59% · Conversion: Difficult
MEDICAL BUILDING
$935,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$58 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,688
Tax year 2023
Assessed value
$219,050
Assessed 2023
Previous assessed
$214,119
+2.3% YoY
Effective rate
10.81%
On assessed value
Assessed land
$81,812
Assessed improvement
$137,238
Land market value
$727,216
Improvement market value
$1,219,891
Total market value
$1,947,107
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2000
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
13,020 SF
APN
80327
UPID
US69-0641047
Jurisdiction
COMANCHE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$600,000
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$950,000
MEDICAL BUILDING
Est. value
$935,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
YES
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
R And S Investment Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
701 MAPLE HL RD, NORMAN, OK 73069-3222
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2019
$1,800,000
R And S Investment Properties LLC
Jennifer Colbert Investments LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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