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

    1802 Fort Sill Blvd Lawton, OK 73507

    • Strip malls
    • 15,625 SF
    • 1.31 lot acres
    For Lease
    View listing
    $4 SF/Yr
    Last Sale
    Sep 27, 2021
    $349,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0114886
    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

    • Arvest Bank ATM / Mortgage Lender / Financial Institution

    Property Details for 1802 Fort Sill Blvd

    Year built
    1970
    Lot size
    1.31 lot acres
    Property size
    15,625 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    32268
    APU
    32268

    Description

    Fort Sill Blvd Plaza, a Class B, single-story shopping center totaling 15,000 square feet, is situated on a one-acre lot in Comanche County. This recently renovated (2022) property boasts 11 suites, with two endcap spaces currently available, each offering a minimum of 1,650 square feet and a maximum contiguous space of 2,100 square feet. A total of 3,700 square feet is currently vacant. The center benefits from a high-traffic intersection location near Fort Sill, providing excellent visibility and access to a substantial customer base. Ample parking is available with 84 spaces. The property features a new roof and is conveniently located next to a new Mexican restaurant. The zoning is commercial. Landlord incentives are available, including free rent periods and tenant improvement allowances based on tenant creditworthiness. Each suite includes central heating and air conditioning, and restrooms, making them move-in ready. The asking rate starts at $4 per square foot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4052
    Latitude
    34.6275
    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
    $4,248
    $19,251
    $20,031
    $39,282
    -
    $171,120
    $178,053
    $349,173

    Comparable in this City

    • Value Estimation by Request
      6,750 SF

      118 Rogers Ln

      SHOPPING CENTER, STRIP CENTER • 6,750 SF
      118 Rogers Ln, Lawton, OK 73507-1811
      View Details
    • Value Estimation by Request
      6,250 SF

      2302 Ft Sill Blvd

      SHOPPING CENTER, STRIP CENTER • 6,250 SF
      2302 Ft Sill Blvd, Lawton, OK 73507-2635
      View Details
    • Value Estimation by Request
      9,375 SF

      2210 Ft Sill Blvd

      SHOPPING CENTER, STRIP CENTER • 9,375 SF
      2210 Ft Sill Blvd, Lawton, OK 73507-2941
      View Details
    • Value Estimation by Request
      10,500 SF

      1124 Cache Rd

      SHOPPING CENTER, STRIP CENTER • 10,500 SF
      1124 Cache Rd, Lawton, OK 73507-4034
      View Details
    • Value Estimation by Request
      5,040 SF

      1906 Cache Rd

      SHOPPING CENTER, STRIP CENTER • 5,040 SF
      1906 Cache Rd, Lawton, OK 73507-4520
      View Details
    • Value Estimation by Request
      4,452 SF

      1712 Cache Rd

      SHOPPING CENTER, STRIP CENTER • 4,452 SF
      1712 Cache Rd, Lawton, OK 73507-4549
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      207,477 SF

      Dominant Retail Center For Sale

      207,477 SF retail center, 98% leased in Lawton, Oklahoma.
      12 NW Dearborn Ave, 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
    • $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
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    • $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
    • 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

    • $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
    • $12 SF/Yr
      4,000 SF

      Lawton Retail Strip Center Opportunity

      4,000 SF Retail Space Available in Lawton, OK
      409-467 2Nd St, Lawton, OK 73507
      View Details
    • $4 SF/Yr
      15,000 SF

      Fort Sill Blvd Plaza Retail Space

      Prime Retail Center, 2 Suites Available
      1802 Fort Sill Blvd, Lawton, OK 73507
      View Details
    • $12 SF/Yr
      6,650 SF

      Retail Space in TownWest Center

      Large retail space available in a busy shopping center.
      5314 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
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    Lawton, OK 73507
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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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