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

    2108 Sheridan Rd Lawton, OK 73505-3960

    • Grocery and convenience stores
    • 2,450 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    Apr 18, 2024
    $1,372,000
    Value Estimations
    $1,370,000
    Show details
    Cap Rate Potential
    2.6%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US69-0567524
    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

    • Western Union / Bank / Credit Union
    • Stripes / Grocery & Convenience Store
    • ATM / Atm
    • Coin Cloud Bitcoin ATM / Atm / Currency Exchange Service
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store

    Property Details for 2108 Sheridan Rd

    Year built
    1977
    Lot size
    0.36 lot acres
    Property size
    2,450 SF
    Property type
    Grocery and convenience stores
    APN
    26855
    APU
    26855

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,370,000
      ML approach
      $1,370,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4226
    Latitude
    34.6308
    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
    $3,213
    $11,092
    $18,622
    $29,714
    -
    $98,592
    $179,457
    $278,049

    Comparable in this City

    • Value Estimation
      $610,000
      3,840 SF

      2808 52nd St

      CONVENIENCE STORE • 3,840 SF
      2808 52nd St, Lawton, OK 73505-1408
      View Details
    • Value Estimation by Request
      1,664 SF

      1312 Sheridan Rd

      CONVENIENCE STORE • 1,664 SF
      1312 Sheridan Rd, Lawton, OK 73505-5212
      View Details
    • Value Estimation
      $810,000
      4,992 SF

      3164 Cache Rd

      CONVENIENCE STORE • 4,992 SF
      3164 Cache Rd, Lawton, OK 73505-3828
      View Details
    • Value Estimation by Request
      2,940 SF

      2702 H Ave

      CONVENIENCE STORE • 2,940 SF
      2702 H Ave, Lawton, OK 73505-7921
      View Details
    • Value Estimation
      $1,530,000
      2,460 SF

      601 Sheridan Rd

      CONVENIENCE STORE • 2,460 SF
      601 Sheridan Rd, Lawton, OK 73505-1526
      View Details
    • Value Estimation by Request
      2,624 SF

      7623 Us Hwy 277

      CONVENIENCE STORE • 2,624 SF
      7623 Us Hwy 277, Lawton, OK 73505
      View Details

    Similar Nearby for Sale

    • $399,000
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      Lawton Retail Property - $399K

      12,800 SF Multi-Tenant Retail, Vacant
      613 Sheridan Rd, Lawton, OK 73505
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    • $445,000
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      Lawton Bank Building - $445,000

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    • $3,392,000
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      Lawton Retail Center Investment

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    • $525,000
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      Retail Investment Property For Sale

      Recently renovated retail building occupied by established pet grooming business.
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    • $525,000
      3,320 SF

      Retail Building on High Traffic Road

      Retail building with drive-through access on a 0.45-acre parcel.
      6105 NW Cache Rd, Lawton, OK 73505
      View Details
    • $375,000
      3,492 SF

      Lawton Retail Store with Drive-Through

      Retail store with drive-through potential on approximately one acre.
      2303 NW Sheridan Rd, Lawton, OK 73505
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      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
    • $1,500 /Mo
      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 office or clinic.
      4645 W Gore Blvd, Lawton, OK 73505
      View Details
    • $21 SF/Yr
      656 SF

      Prime Sheridan Road Office Space

      656 sq ft Executive Office Suite for Lease
      1324 Sheridan Rd, Lawton, OK 73505
      View Details
    • $13 SF/Yr
      5,952 SF

      Lawton Retail Gym - High Traffic

      5,952 SF Fitness Center - West Lawton
      6416 Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      1,070 SF

      Retail Space in Lawton, OK

      Retail space available in Lawton, Oklahoma near major retailers.
      1764 NW 82Nd St, Lawton, OK 73505
      View Details
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    2108 Sheridan Rd
    Lawton, OK 73505-3960
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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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