Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2103 Sheridan Rd Lawton, OK 73505-3966

    Property Lookup

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

    2103 Sheridan Rd Lawton, OK 73505-3966

    View on Map
    • Retail space
    • 2,000 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Jan 22, 2024
    $232,500
    Property ID
    US69-0605654
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sooner Barber & Style Shop / Barber Shop
    • Iglesia La Luz Del Mundo / Church
    • Loyalty Pro Tax / Tax Preparation / Social Service Agency

    Property Details for 2103 Sheridan Rd

    Year built
    1992
    Lot size
    0.16 lot acres
    Property size
    2,000 SF
    Property type
    Retail space
    APN
    46244
    APU
    46244

    Description

    This exceptional 2,000 square foot executive office suite is ideally situated at 2103 NW Sheridan Rd in Lawton, Oklahoma, 73505. Built in 1992, this property boasts a convenient location on a high-traffic road, offering excellent visibility and accessibility. The asking price is $220,000, translating to $110 per square foot. The property sits on a 2,000 square foot lot. Its prime location offers easy access to Fort Sill, a significant United States Army post and National Historic Landmark, covering nearly 94,000 acres and home to the United States Army Field Artillery School. This presents a unique opportunity for businesses seeking proximity to a large military installation and its associated personnel. The area also benefits from the presence of established businesses such as Church's Chicken, Stripes, and Papa Louies Pizzeria, ensuring a vibrant and convenient commercial environment. This executive office suite presents a compelling investment opportunity in a thriving Lawton location. The property's size and location make it suitable for a variety of professional uses. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4219
    Latitude
    34.6301
    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
    $1,701
    $5,084
    $10,646
    $15,730
    -
    $45,190
    $94,629
    $139,819

    Comparable in this City

    • Value Estimation by Request

      1324 Sheridan Rd

      Individual retail properties
      1324 Sheridan Rd, Lawton, OK 73505
      View Details
    • Value Estimation by Request
      1,950 SF

      2322 Gore Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,950 SF
      2322 Gore Blvd, Lawton, OK 73505-6313
      View Details
    • Value Estimation by Request
      1,800 SF

      404 James St

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      404 James St, Lawton, OK 73505
      View Details
    • Value Estimation by Request
      1,621 SF

      213 James St

      RETAIL STORES (PERSONAL SERVICES) • 1,621 SF
      213 James St, Lawton, OK 73505
      View Details
    • Value Estimation by Request
      1,200 SF

      217 James St

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      217 James St, Lawton, OK 73505
      View Details
    • Value Estimation by Request
      11,629 SF

      5117 Gore Blvd

      Individual retail properties • 11,629 SF
      5117 Gore Blvd, Lawton, OK 73505
      View Details

    Similar Nearby for Sale

    • 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
      View Details
    • Contact for pricing
      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
      View Details
    • 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
    • $145,000
      1,168 SF

      Retail Building Near Fort Sill

      Retail building in high-traffic area near Fort Sill.
      2405 NW Sheridan Rd, Lawton, OK 73505
      View Details
    • 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
      View Details
    • Contact for pricing
      10,000 SF

      Lawton Office/Medical/Retail Building For Sale

      100% occupied office/medical/retail building in Lawton, Oklahoma.
      1401 SW Parkridge Blvd, Lawton, OK 73505
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,675 SF

      Retail Space with Drive-Thru

      Turnkey retail space with drive-thru on high-traffic street.
      1421 NW 67Th St, Lawton, OK 73505
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Sheridan Road

      Freestanding retail building with high traffic exposure, previously a gym.
      613 SW Sheridan Rd, Lawton, OK 73505
      View Details
    • $1,500 /Mo
      2,000 SF

      Renovated Commercial Space in Lawton

      Fully renovated 2,000 sq ft space ideal for various businesses.
      4645 W Gore Blvd, Lawton, OK 73505
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Hamra Plaza

      High-traffic retail space available in Lawton, Oklahoma.
      2504 NW Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      1,135 SF

      Retail Space in Lawton, OK

      Retail space available in Lawton, Oklahoma near major retailers.
      1764 NW 82Nd St, Lawton, OK 73505
      View Details
    • $13 SF/Yr
      5,129 SF

      Retail Space For Lease

      5,129 SF retail space available in Lawton, Oklahoma.
      4019 NW Cache Rd, Lawton, OK 73505
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2103 Sheridan Rd
    Lawton, OK 73505-3966
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    2103 Sheridan Rd, Lawton, OK, 73505

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!