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    2511 Lee Blvd Lawton, OK 73505
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    Property profile & analytics

    2511 Lee Blvd, Lawton, OK 73505

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    • Commercial real estate
    • 1,500 SF
    • 0.40 lot acres
    Off-Market
    Property ID
    US69-0719326
    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

    • Commercial real estate

    Property Details for 2511 Lee Blvd

    Lot size
    0.40 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional mixed-use property, located at 2511 SW Lee Blvd in Lawton, Oklahoma, presents a compelling investment opportunity. The 1,500 square foot building sits on a 0.4-acre lot and is currently generating rental income of $500 per month. The property is zoned C-1, allowing for a variety of uses, and its strategic location on one of Lawton's three main east-west corridors ensures high visibility and traffic. The flat topography simplifies development possibilities. The existing structure provides immediate cash flow, while the C-1 zoning opens doors to potential redevelopment, including high-density, multi-family apartments. This makes it an ideal investment for those seeking both immediate return and long-term growth potential. The asking price is $107,000. This property offers a unique blend of current income and future development possibilities in a thriving Lawton location. The 73505 zip code offers easy access to amenities and transportation routes. Don't miss this chance to acquire a versatile and profitable asset in a desirable market.

    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
    -98.4278948
    Latitude
    34.5946534

    Comparable in this City

    • Contact for pricing
      1,992 SF

      Freestanding Office Building For Sale

      Freestanding office building on a high-traffic road in Lawton, OK.
      2614 SW Lee Blvd, Lawton, OK 73505
      View Details
    • $799,500
      120.00 Acres

      Lawton Acreage: Development Potential

      120 +/- acres near Lawton's shopping and dining destinations.
      01 SW Bishop Rd, Lawton, OK 73505
      View Details
    • Contact for pricing

      Vacant Land For Sale

      Vacant land available for sale.
      2905 NW 67Th St, Lawton, OK 73505
      View Details
    • Contact for pricing

      Corner Lots on High Traffic

      Two hard corner property lots with frontage along high traffic.
      1 NW 25Th St, Lawton, OK 73505
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,992 SF

      Freestanding Office Building For Sale

      Freestanding office building on a high-traffic road in Lawton, OK.
      2614 SW Lee Blvd, Lawton, OK 73505
      View Details
    • $799,500
      120.00 Acres

      Lawton Acreage: Development Potential

      120 +/- acres near Lawton's shopping and dining destinations.
      01 SW Bishop Rd, Lawton, OK 73505
      View Details
    • Contact for pricing

      Vacant Land For Sale

      Vacant land available for sale.
      2905 NW 67Th St, Lawton, OK 73505
      View Details
    • Contact for pricing

      Corner Lots on High Traffic

      Two hard corner property lots with frontage along high traffic.
      1 NW 25Th St, Lawton, OK 73505
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,077 SF

      High-Traffic Corner Restaurant/Retail Space

      Remodeled 10,077 SF building on high-traffic corner available for rent.
      2102 NW Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      7,243 SF

      Cache Road Restaurant Space Available

      Spacious restaurant suite in prime location with ample parking.
      3807-A NW Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      31,440 SF

      Retail Space in TownWest Center

      Large retail space available in a busy shopping center.
      5314 NW Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      5,705 SF

      Retail Space Available For Rent

      5705 square foot retail space available for rent.
      1732 Northwest 82Nd St, Lawton, OK 73505
      View Details
    • Contact for pricing

      Lawton Retail and Restaurant Space

      Centrally located shopping center with spaces for retail and restaurants.
      3801 NW Cache Rd, Lawton, OK 73505
      View Details
    • $12 SF/Yr
      5,467 SF

      Lawton Retail Center

      Prime Lawton location, multiple suites available
      24-28 67Th St, Lawton, OK 73505
      View Details
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    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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