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1401 Cache Rd Lawton, OK 73507-3840

OFF-MARKET Commercial land Google Maps
1,304 SF 0.35 ac lot
Individually Owned Absentee Owner Free & Clear
Estimated value (blended)
$285k
Range $257k – $314k (±10%)
Property ID US69-0554884

Property summary

AI-generated overview

This exceptional commercial property, located at 1401 NW Cache Rd., Lawton, OK 73507, presents a unique investment opportunity. The property encompasses a 10,112 square foot building, constructed in 1944, currently operating as a 25-room hotel. The hotel features a fully equipped commercial kitchen with a hood vent and suppression system, and a dining area suitable for dine-in or takeout service. The property is zoned C-5, offering significant redevelopment potential. The 1.26-acre lot provides ample space for expansion. An additional six lots, located northwest of the hotel, are also available for purchase separately for $225,000, providing further expansion opportunities. The property is situated on the corner of NW 14th and NW Cache Rd., conveniently located just west of I-44, and enjoys proximity to several established businesses including Galleria Furniture, Relax Inn Lawton, Rise & Shine Omelet Grill, and Sanders Hardware. The asking price for the hotel and land is $550,000, with a price per square foot of $39.06. This turnkey operation presents a compelling opportunity for investors seeking a high-return property with significant upside potential. The property's prime location and flexible zoning make it ideal for a variety of commercial uses.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Total area 1,304 SF
Lot 0.35 ac (15,325 SF)
APN 32559
UPID US69-0554884

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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