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    Property profile & analytics

    2111 Ozmun Ave Lawton, OK 73505

    • Self service car washes
    • 1,908 SF
    • 0.51 lot acres
    For Sale
    View listing
    $75,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0339328
    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

    • Self service car washes

    Property Details for 2111 Ozmun Ave

    Year built
    1973
    Lot size
    0.51 lot acres
    Property size
    1,908 SF
    Property type
    Self service car washes
    APN
    26848
    APU
    26848

    Description

    This exceptional commercial property, located at 2111 NW Ozmun Ave in Lawton, Oklahoma, presents a unique investment opportunity. Priced at $75,000, this property features pre-existing car wash bays, ready for immediate use or revitalization. The sale is strictly "AS IS," meaning the seller will not undertake any repairs or provide warranties concerning the property's operational functionality or existing equipment. This presents a chance for a buyer to acquire a property at a competitive price and customize it to their specific needs and vision. The property is sold in its current condition, without any guarantees or assurances regarding the condition of the car wash bays or any other aspects of the property. Potential buyers are strongly encouraged to conduct thorough due diligence, including independent inspections, to assess the property's condition and suitability for their intended purpose before making an offer. The absence of seller-provided repairs or warranties underscores the "AS IS" nature of this sale, emphasizing the importance of a comprehensive pre-purchase evaluation. This presents a unique opportunity for an investor or entrepreneur seeking a hands-on project with significant upside potential. The property's location in Lawton, Oklahoma, offers access to a established market. The land size is not specified. Serious inquiries only.

    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
    -98.4235
    Latitude
    34.6376
    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
    $414
    $2,499
    $1,326
    $3,825
    -
    $22,216
    $11,789
    $34,005

    Comparable in this City

    • Value Estimation by Request
      3,697 SF

      2801 38th St

      CAR WASH - SELF-SERVE • 3,697 SF
      2801 38th St, Lawton, OK 73505-1841
      View Details
    • Value Estimation by Request
      532 SF

      James St

      CAR WASH - SELF-SERVE • 532 SF
      James St, Lawton, OK 73505
      View Details
    • Value Estimation by Request
      1,926 SF

      1306 47th St

      CAR WASH - SELF-SERVE • 1,926 SF
      1306 47th St, Lawton, OK 73505
      View Details
    • Value Estimation
      $4,990,000
      17,048 SF

      7280 Quannah Parker Trl

      CAR WASH - SELF-SERVE • 17,048 SF
      7280 Quannah Parker Trl, Lawton, OK 73505-1346
      View Details
    • Value Estimation by Request
      1,633 SF

      611 Sheridan Rd

      CAR WASH - SELF-SERVE • 1,633 SF
      611 Sheridan Rd, Lawton, OK 73505-1526
      View Details
    • Value Estimation
      $1,840,000
      2,432 SF

      302 Sheridan Rd

      CAR WASH - AUTOMATED • 2,432 SF
      302 Sheridan Rd, Lawton, OK 73505-6502
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
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      Town West Retail Space Available

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      Turnkey retail space with drive-thru on high-traffic street.
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    • $1,500 /Mo
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      Retail Space on Sheridan Road

      Freestanding retail building with high traffic exposure, previously a gym.
      613 SW Sheridan Rd, Lawton, OK 73505
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    • $1,500 /Mo
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      Renovated Commercial Space in Lawton

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    • $21 SF/Yr
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      Prime Sheridan Road Office Space

      656 sq ft Executive Office Suite for Lease
      1324 Sheridan Rd, Lawton, OK 73505
      View Details
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    2111 Ozmun Ave
    Lawton, OK 73505
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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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