Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1216 Ferris Ave Lawton, OK 73507-6565

    • Office buildings
    • 1,458 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0748565
    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

    • King Realty / Real Estate / Attorney
    • Jones Management / Janitorial Service

    Property Details for 1216 Ferris Ave

    Year built
    1964
    Lot size
    0.16 lot acres
    Property size
    1,458 SF
    Property type
    Office buildings
    APN
    14274
    APU
    14274

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4077
    Latitude
    34.6157
    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
    $1,093
    $2,378
    $7,729
    $10,107
    -
    $28,000
    $108,761
    $136,761

    Comparable in this City

    • Value Estimation by Request
      1,189 SF

      609 14th St

      OFFICE BUILDING • 1,189 SF
      609 14th St, Lawton, OK 73507
      View Details
    • Value Estimation by Request
      1,898 SF

      1718 Smith Ave

      OFFICE BUILDING • 1,898 SF
      1718 Smith Ave, Lawton, OK 73507-2534
      View Details
    • Value Estimation by Request
      1,500 SF

      2520 Ft Sill Blvd

      OFFICE BUILDING • 1,500 SF
      2520 Ft Sill Blvd, Lawton, OK 73507-2024
      View Details
    • Value Estimation
      $790,000
      6,302 SF

      302 Rogers Ln

      OFFICE BUILDING • 6,302 SF
      302 Rogers Ln, Lawton, OK 73507-1619
      View Details
    • Value Estimation by Request
      1,040 SF

      1230 Cache Rd

      OFFICE BUILDING • 1,040 SF
      1230 Cache Rd, Lawton, OK 73507-4036
      View Details
    • Value Estimation by Request
      4,950 SF

      1801 Cache Rd

      OFFICE BUILDING • 4,950 SF
      1801 Cache Rd, Lawton, OK 73507-4519
      View Details

    Similar Nearby for Sale

    • $180,000

      Office Building in Lawton, OK

      Office building for sale in Lawton, Oklahoma.
      1201 NW Arlington Ave - A B C D E, Lawton, OK 73507
      View Details
    • $139,900
      1,824 SF

      Lawton Office Building For Sale

      Versatile office building with high visibility on Cache Road.
      1222 NW Cache Rd, Lawton, OK 73507
      View Details
    • $90,000
      0.24 Acres

      Lawton Commercial Lot: Prime Location

      High-traffic, 0.24-acre development site.
      2013 Smith Ave, Lawton, OK 73507
      View Details
    • $225,000
      3,971 SF

      Executive Office Building, Lawton, OK

      Prime Lawton location, 3971 sq ft, vacant.
      1722 Cache Rd, Lawton, OK 73507
      View Details
    • $195,000
      6,680 SF

      Lawton, OK QSR/Restaurant

      Prime Lawton location, vacant, high traffic.
      1217 Cache Rd, Lawton, OK 73507
      View Details
    • $225,000
      2,400 SF

      Lawton Industrial Flex Space

      2,400 SF Flex Space, $225K
      301 20Th St, Lawton, OK 73507
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      4,950 SF

      Office/Retail Building at Corner Location

      Office/retail building with ample parking and high traffic count.
      1801 NW Cache Rd, Lawton, OK 73507
      View Details
    • $10 SF/Yr
      14,700 SF

      Lawton Office Space Available

      Office space in Lawton's Central Business District for rent.
      106 SW 3Rd St, Lawton, OK 73507
      View Details
    • $10 SF/Yr
      3,971 SF

      Lawton Creative Office Space

      ±3,971 SF Office, High Traffic Location
      1722 Cache Rd, Lawton, OK 73507
      View Details
    • $11 SF/Yr
      2,000 SF

      Lawton Office Space: 2,000 SF

      Prime Lawton office, fully vacant, flexible layout.
      1152 Cache Rd, Lawton, OK 73507
      View Details
    • $12 SF/Yr
      1,820 SF

      Office Space with Storage

      Office space with storage sheds and detached garage available for lease.
      5215 NW Tackle Box Rd, Lawton, OK 73507
      View Details
    • $1,800 /Mo
      1,300 SF

      Turnkey Office Space Near Ft. Sill

      Turnkey office space with ample parking near Ft. Sill gate.
      7438 NW Madische Rd, Lawton, OK 73507
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1216 Ferris Ave
    Lawton, OK 73507-6565
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.