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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1601 Gore Blvd Lawton, OK 73501

    • Retail space
    • 1,208 SF
    • 0.16 lot acres
    For Sale
    View listing
    Last Sale
    Jun 28, 2024
    $175,000
    Value Estimations
    Cap Rate Potential
    9.2%
    Retail space
    Location Intelligence
    Property ID
    US69-0520701
    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

    • Retail space

    Property Details for 1601 Gore Blvd

    Year built
    1934
    Lot size
    0.16 lot acres
    Property size
    1,208 SF
    Property type
    Retail space
    APN
    14495
    APU
    14495

    Description

    This exceptional 13.22-acre commercial land parcel, located at 1601 E Gore Blvd in Lawton, Oklahoma (zip code 73501), presents a unique investment opportunity. Zoned C-4, this property boasts over 700 feet of usable frontage on E Gore Blvd, offering significant visibility and accessibility. The owner is open to dividing the land into two separate parcels: Lot A, encompassing approximately 4.09 acres, and Lot B, comprising roughly 9.13 acres. This prime location sits strategically between the Apache Casino and the Comanche Nation Casino, benefiting from high traffic and a strong customer base. The area is further enhanced by the presence of numerous retail businesses, including Sonic, Braum's, State Farm, and Los Tres Amigos, creating a vibrant commercial environment. Convenient access to I-44 and downtown Lawton ensures excellent connectivity and ease of transportation. The land is priced at $10 per square foot. This is a rare chance to acquire a substantial commercial property in a thriving Oklahoma location with significant development potential. Contact us today to explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $175,000
      ML approach
      $175,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $270,000
      6.5%
      $250,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $136,000
      Market price range: $75.0k - $175k
      AI Estimate
      $133,000
      Market price range: $57.2k - $182k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $120,000
      Current use
      COMMERCIAL (GENERAL)
      $165,000
      Change: +38% Conversion: Easy
      OFFICE BUILDING
      $130,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4127
    Latitude
    34.6091
    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
    $796
    $4,626
    $2,732
    $7,358
    -
    $61,250
    $33,980
    $95,230

    Comparable in this City

    • Value Estimation
      $270,000
      2,500 SF

      415 C Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      415 C Ave, Lawton, OK 73501-4017
      View Details
    • Value Estimation
      $265,000
      3,480 SF

      618 C Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,480 SF
      618 C Ave, Lawton, OK 73501-4310
      View Details
    • Value Estimation
      $305,000
      4,820 SF

      413 C Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,820 SF
      413 C Ave, Lawton, OK 73501-4017
      View Details
    • Value Estimation
      $295,000
      1,440 SF

      1610 Gore Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      1610 Gore Blvd, Lawton, OK 73501-3611
      View Details
    • Value Estimation
      $290,000
      3,000 SF

      905 11th St

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      905 11th St, Lawton, OK 73501-5050
      View Details
    • Value Estimation by Request
      2,160 SF

      102 A Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,160 SF
      102 A Ave, Lawton, OK 73501-4002
      View Details

    Similar Nearby for Sale

    • $562,500
      11,250 SF

      Downtown Lawton Retail/Office Building

      Retail/office building in Lawton's Central Business District.
      421 SW C Ave, Lawton, OK 73501
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    • $397,000
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      Fully Occupied Retail Spaces For Sale

      Two fully occupied retail spaces near high-traffic intersection.
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    • $359,000
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      Renovated Retail Building For Sale

      Fully occupied retail building near high-traffic intersection.
      1008 W Gore Blvd, Lawton, OK 73501
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    • $895,000
      22,080 SF

      Lawton Commercial Property For Sale

      22,080 SF commercial property in Lawton, Oklahoma.
      102 SW 11Th St, Lawton, OK 73501
      View Details
    • $119,000
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      Lawton Commercial Property on Gore

      Commercial property on Gore Blvd, Lawton, with excellent visibility.
      1527 W Gore Blvd, Lawton, OK 73501
      View Details
    • $499,000
      2,550 SF

      Gore Blvd Restaurant - Lawton, OK

      Prime Lawton location, fully equipped QSR/Restaurant.
      2122 Gore Blvd, Lawton, OK 73501
      View Details

    Similar Nearby for Lease

    • $1,125 /Mo
      1,500 SF

      Retail Space on SW Lee

      1,500 SF retail space for lease on SW Lee.
      1311 SW Lee Blvd, Lawton, OK 73501
      View Details
    • $700,000
      5,066 SF

      Retail Property Near High-Traffic Intersection

      Retail property for sale or lease with high street visibility.
      2126 W Gore Blvd, Lawton, OK 73501
      View Details
    • Contact for pricing
      4,388 SF

      Lawton Retail Space in Central Mall

      Retail space for lease in Lawton's Central Mall.
      200 SW C Ave, Lawton, OK 73501
      View Details
    • $1,750 /Mo
      2,025 SF

      Retail/Office Suite For Lease

      Retail/office suite available for lease in Lawton, Oklahoma.
      1011 SW C Ave, Lawton, OK 73501
      View Details
    • $3,900 /Mo
      4,000 SF

      Remodeled Childcare Facility For Lease

      4,000 SF childcare facility available for lease.
      4460 SW Lee Blvd, Lawton, OK 73501
      View Details
    • Contact for pricing
      213,602 SF

      Lawton Town Center: Prime Retail Space

      Massive Retail Space, Lawton, OK - Redevelopment Opportunity
      2nd Gore Blvd, Lawton, OK 73501
      View Details
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    Lawton, OK 73501
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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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