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

    1615 Taft Ave Lawton, OK 73507-2970

    • Retail space
    • 3,216 SF
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Oct 21, 2021
    $99,000
    Value Estimations
    $145,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0319273
    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

    • Taft Laundry / Laundromat

    Property Details for 1615 Taft Ave

    Year built
    1950
    Lot size
    0.18 lot acres
    Property size
    3,216 SF
    Property type
    Retail space
    APN
    32033
    APU
    32033

    Description

    This exceptional investment opportunity in Lawton, Oklahoma, presents a unique blend of established income and high-potential redevelopment. Located at 1615 NW Taft Ave, the property encompasses approximately 3,200 square feet and sits on a 0-acre lot. The building is currently divided into two distinct areas. One section houses a fully operational and well-maintained laundromat, providing a consistent revenue stream for the investor. The second, larger area, is the former Taft Grocery, a cherished local landmark with significant historical value within the community. This space offers immense flexibility for a variety of uses. Imagine transforming it into a modern grocery store, a vibrant cafГ©, or a unique retail establishment catering to the local residents. The possibilities are virtually limitless, allowing for creative adaptation to meet current market demands. The property's central location within the community ensures high visibility and accessibility, making it an ideal choice for entrepreneurs seeking a thriving business environment. This is a rare chance to acquire a property with both immediate income generation and significant long-term growth potential. The combination of a proven business model and a versatile, adaptable space makes this an attractive investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $125,000
      ML approach
      $135,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $199,000
      Market price range: $200k - $466k
      AI Estimate
      $197,000
      Market price range: $158k - $564k

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4151
    Latitude
    34.63
    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
    $1,193
    $866
    $10,163
    $11,029
    -
    $7,696
    $90,342
    $98,038

    Comparable in this City

    • Value Estimation
      $240,000
      1,350 SF

      23485 State Hwy 49

      RETAIL STORES (PERSONAL SERVICES) • 1,350 SF
      23485 State Hwy 49, Lawton, OK 73507-8151
      View Details
    • Value Estimation
      $310,000
      648 SF

      22297 State Hwy 49

      RETAIL STORES (PERSONAL SERVICES) • 648 SF
      22297 State Hwy 49, Lawton, OK 73507-8104
      View Details
    • Value Estimation
      $275,000
      1,224 SF

      2602 Commerce Cir

      RETAIL STORES (PERSONAL SERVICES) • 1,224 SF
      2602 Commerce Cir, Lawton, OK 73507-1305
      View Details
    • Value Estimation
      $270,000
      3,045 SF

      1705 Cache Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,045 SF
      1705 Cache Rd, Lawton, OK 73507-4517
      View Details
    • Value Estimation
      $280,000
      544 SF

      1232 Cache Rd

      RETAIL STORES (PERSONAL SERVICES) • 544 SF
      1232 Cache Rd, Lawton, OK 73507-4036
      View Details
    • Value Estimation
      $235,000
      3,000 SF

      2542 Ft Sill Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      2542 Ft Sill Blvd, Lawton, OK 73507-2024
      View Details

    Similar Nearby for Sale

    • $1,300,000
      30,000 SF

      Lawton Retail Center - Prime Location

      High-traffic retail space, Lawton, OK
      1127 Cache Rd, Lawton, OK 73507
      View Details
    • $145,000

      Retail Building on Cache Road

      Commercial building with open space and excellent location.
      1714 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
    • $625,000
      0.48 Acres

      Lawton Hotel Redevelopment Opportunity

      Profitable Motel, High Traffic Location
      1601 Cache Rd, Lawton, OK 73507
      View Details
    • $1,300,000
      30,000 SF

      High-Traffic Retail and Warehouse Opportunity

      Retail and warehouse spaces on high-traffic corner near Ft. Sill.
      1117 NW Cache Rd, Lawton, OK 73507
      View Details
    • Contact for pricing
      2,800 SF

      Retail Property in Lawton, OK

      Retail property with 2,800 square feet of space.
      2110 NW Cache Rd, Lawton, OK 73507
      View Details

    Similar Nearby for Lease

    • $2,600 /Mo
      2,600 SF

      Retail/Office Space on Cache Rd

      Retail or office space available for lease on high-traffic road.
      1811 NW Cache Rd, Lawton, OK 73507
      View Details
    • $125,000
      6,680 SF

      Retail Space on NW Cache

      6,680 SF retail space for lease near I-44.
      1217 NW Cache Rd, Lawton, OK 73507
      View Details
    • $12 SF/Yr
      1,875 SF

      Retail/Office Space For Lease

      Retail or office space available in high-traffic area.
      2113 NW Oak Ave, Lawton, OK 73507
      View Details
    • $1,200 /Mo
      1,500 SF

      Renovated Retail Space on Cache

      Retail/office space on high-traffic NW Cache Rd, renovated in 2019.
      1720 NW Cache Rd, Lawton, OK 73507
      View Details
    • $1,200 /Mo
      1,250 SF

      Retail Space on Fort Sill

      Retail space available for lease in Lawton, Oklahoma.
      720 NW Fort Sill Blvd, Lawton, OK 73507
      View Details
    • $750 /Mo
      1,500 SF

      NW Cache Retail/Office Space

      Office/Retail space for lease on high traffic NW Cache Rd.
      1718 NW Cache Rd, Lawton, OK 73507
      View Details
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    1615 Taft Ave
    Lawton, OK 73507-2970
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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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