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    Property profile & analytics

    1409 Horton Blvd Lawton, OK 73505-2929

    • Retail space
    • 5,040 SF
    OFF-MARKET
    Last Sale
    Jun 30, 2021
    $625,000
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    8.4%
    Retail space
    Location Intelligence
    Property ID
    US69-0764863
    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

    • Sherwin-Williams Paint Store / Hardware & Home Improvement / Building Supply

    Property Details for 1409 Horton Blvd

    Year built
    1999
    Property size
    5,040 SF
    Property type
    Retail space
    APN
    81326
    APU
    81326

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $800,000
      ML approach
      $705,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $730,000
      Market price range: $313k - $730k
      AI Estimate
      $651,000
      Market price range: $206k - $651k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $505,000
      Current use
      COMMERCIAL (GENERAL)
      $640,000
      Change: +27% Conversion: Easy
      OFFICE BUILDING
      $580,000
      Change: +14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4685
    Latitude
    34.6244
    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
    $8,989
    $24,797
    $58,326
    $83,123
    -
    $220,414
    $518,451
    $738,865

    Comparable in this City

    • Value Estimation by Request
      2,500 SF

      505 Cole Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      505 Cole Ave, Lawton, OK 73505
      View Details
    • Value Estimation by Request
      2,000 SF

      2332 Gore Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      2332 Gore Blvd, Lawton, OK 73505-6313
      View Details
    • Value Estimation by Request
      1,168 SF

      2405 Sheridan Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,168 SF
      2405 Sheridan Rd, Lawton, OK 73505-2213
      View Details
    • Value Estimation
      $745,000
      5,500 SF

      1322 Sheridan Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,500 SF
      1322 Sheridan Rd, Lawton, OK 73505-5212
      View Details
    • Value Estimation by Request
      2,684 SF

      6121 Cache Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,684 SF
      6121 Cache Rd, Lawton, OK 73505-3301
      View Details
    • Value Estimation
      $6,210,000
      13,506 SF

      2107 Cache Rd

      RETAIL STORES (PERSONAL SERVICES) • 13,506 SF
      2107 Cache Rd, Lawton, OK 73505-5213
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,600 SF

      Retail Investment Property For Sale

      Recently renovated retail building occupied by established pet grooming business.
      1302 NW 47Th St, Lawton, OK 73505
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    • $3,392,000
      40,374 SF

      Lawton Retail Center Investment

      High-Occupancy Retail Center in Lawton, OK
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      Retail Building Near Fort Sill

      Retail building in high-traffic area near Fort Sill.
      2405 NW Sheridan Rd, Lawton, OK 73505
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      9,600 SF

      Lawton Retail/Industrial Investment Opportunity

      9,600 SF retail/industrial space for sale in Lawton, OK.
      2701 SW Lee Blvd, Lawton, OK 73505
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    • Contact for pricing
      5,292 SF

      Retail Building Near Ft. Sill

      Retail building with ample parking and high traffic location.
      2806 NW Sheridan Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      5,467 SF

      Retail Building with Drive-Thru

      Multi-tenant retail building with drive-thru capability and excellent signage.
      28 NW 67Th St, Lawton, OK 73505
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    Similar Nearby for Lease

    • Contact for pricing
      4,800 SF

      Retail Space in Erwin Acres

      4,800 SF retail space in busy shopping center.
      1222 NW Sheridan Rd, Lawton, OK 73505
      View Details
    • $22 SF/Yr
      7,243 SF

      Cache Road Restaurant Space Available

      Spacious restaurant suite in prime location with ample parking.
      3807-A NW Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      5,705 SF

      Retail Space Available For Rent

      5705 square foot retail space available for rent.
      1732 Northwest 82Nd St, Lawton, OK 73505
      View Details
    • Contact for pricing
      10,740 SF

      Lawton Office Space For Lease

      Prime Lawton location, 2,000 sq ft available.
      2602 Lee Blvd, Lawton, OK 73505
      View Details
    • $13 SF/Yr
      5,952 SF

      Lawton Retail Gym - High Traffic

      5,952 SF Fitness Center - West Lawton
      6416 Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      1,070 SF

      Retail Space in Lawton, OK

      Retail space available in Lawton, Oklahoma near major retailers.
      1764 NW 82Nd St, Lawton, OK 73505
      View Details
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    Lawton, OK 73505-2929
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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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