1601 Cache Rd Lawton, OK 73507
- Motels
- 2,352 SF
- 0.48 lot acres
Current Use by Public Records
- Ranch Motel / Motel / Hotel
Property Details for 1601 Cache Rd
- Year built
- 1945
- Lot size
- 0.48 lot acres
- Property size
- 2,352 SF
- Property type
- Motels
- APN
- 44363
- APU
- 44363
Description
This fully equipped, 30-unit motel in Lawton, Oklahoma, presents a compelling redevelopment opportunity. Situated on a 0.48-acre lot at the hard corner of NW 16th and NW Cache Rd, just west of I-44, this C-class property boasts 9,048 square feet across two, two-story buildings. Built in 1945, the property features 31 beds and 33 keys, currently operating at 50% occupancy. The asking price is $625,000 ($69.08/sq ft). The property includes commercial signage, a slab porch with a roof, and ample private parking. Its prime location benefits from high traffic counts and proximity to established businesses such as Hibdon Tires, Wendy's, Budget Inn, Jeff's Key & Safe Shop, Junction Restaurant, and Sanders Hardware. The property is zoned C-5, offering flexibility for redevelopment. This opportunistic investment is for sale by owner and presents significant potential for increased profitability and return. The APN is 160044363.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $215,000
- 6.5%
- $210,000
- 7%
- $205,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $215,000
- Retail
- $250,000
- Mixed-Use
- $200,000
- Hospitality
- $260,000
- Educational
- $240,000
- Residential Income
- $210,000
- Energy
- $220,000
- Income-Based Land
- $225,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Lawton
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.4139
- Latitude
- 34.6237
- CBSA code
- 30020
- CBSA name
- LAWTON, OK METROPOLITAN STATISTICAL AREA
