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    24 53Rd St Lawton, OK 73505

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    24 53Rd St Lawton, OK 73505

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    • Residential income homes
    • 1,177 SF
    Off-Market
    Property ID
    US69-0039838
    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

    • Residential income homes

    Property Details for 24 53Rd St

    Year built
    1961
    Property size
    1,177 SF
    Property type
    Residential income homes

    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
    -98.45791968
    Latitude
    34.61113852

    Comparable in this City

    • Contact for pricing

      Garden-Style Community Near Fort Sill

      Garden-style community with value-add potential near major employers and amenities.
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    • $340,000
      4,050 SF

      Lawton Duplex Portfolio For Sale

      Turnkey, cash-flowing duplex portfolio near Ft. Sill and Cameron University.
      3110 NW Ferris Ave, Lawton, OK 73505
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    • $285,000

      Lawton Duplex Near Cameron University

      Well-maintained duplex near Cameron University, ideal for investors or owner-occupants.
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    • $60,000
      Pending

      Lawton Duplex Investment Opportunity

      Duplex in Lawton, Oklahoma, presenting an excellent investment opportunity.
      2029 W 24Th St, Lawton, OK 73505
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    • $95,000

      Residential Land in Lawton, OK

      Home sites for sale in the Bluffs at Oak Ridge Lake.
      Tbd Heritage Oak Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      0.26 Acres

      Residential Lot in Lawton, OK

      Corner lot with building potential in Lawton, Oklahoma.
      3141 NW Liberty Ave, Lawton, OK 73505
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Garden-Style Community Near Fort Sill

      Garden-style community with value-add potential near major employers and amenities.
      120 Northwest 44Th St, Lawton, OK 73505
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    • $340,000
      4,050 SF

      Lawton Duplex Portfolio For Sale

      Turnkey, cash-flowing duplex portfolio near Ft. Sill and Cameron University.
      3110 NW Ferris Ave, Lawton, OK 73505
      View Details
    • $285,000

      Lawton Duplex Near Cameron University

      Well-maintained duplex near Cameron University, ideal for investors or owner-occupants.
      2505 SW C Ave, Lawton, OK 73505
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    • $60,000
      Pending

      Lawton Duplex Investment Opportunity

      Duplex in Lawton, Oklahoma, presenting an excellent investment opportunity.
      2029 W 24Th St, Lawton, OK 73505
      View Details
    • $95,000

      Residential Land in Lawton, OK

      Home sites for sale in the Bluffs at Oak Ridge Lake.
      Tbd Heritage Oak Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      0.26 Acres

      Residential Lot in Lawton, OK

      Corner lot with building potential in Lawton, Oklahoma.
      3141 NW Liberty Ave, Lawton, OK 73505
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space on Gore Blvd

      Office space with reception area, lobby, and pylon sign.
      6217 W Gore Blvd, Lawton, OK 73505
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      Retail Space Available For Lease

      Retail space for lease in a brick building.
      2108 NW Rogers Ln, Lawton, OK 73505
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      Fitness Center with Recent Renovations

      Renovated fitness center on Lawton's west side for lease.
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      6,000 SF

      Retail Space in Hamra Plaza

      High-traffic retail space available in Lawton, Oklahoma.
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      54,657 SF

      Plug and Play Office Building

      Spacious office building with workstations and backup generator for lease.
      6501 W Gore Blvd, Lawton, OK 73505
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      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
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    24 53Rd St
    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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