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    2515- NW 38Th St, Unit Lawton OK 73505 Lawton, OK 73505
    Property profile & analytics

    2515- NW 38Th St, Unit Lawton OK 73505 Lawton, OK 73505

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    • Strip malls
    • 6,000 SF
    • 0.52 lot acres
    For Sale
    $240,000
    View Listing →
    Lawton Strip Center Near Fort For Sale
    $240,000
    6,000 SF

    Lawton Strip Center Near Fort

    Strip center near Fort Sill Army installation in Lawton, Oklahoma.

    2515- 2523 NW 38th Street, Lawton OK 73505, Lawton, OK 73505
    View Listing
    Property ID
    US69-2378765
    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

    • Strip malls

    Property Details for 2515- NW 38Th St

    Year built
    1970
    Construction
    BRICK
    Lot size
    0.52 lot acres
    Property size
    6,000 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    26859
    APU
    26859

    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
    -98.4393
    Latitude
    34.6348
    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
    $2,998
    $10,034
    $17,687
    $27,721
    -
    $89,189
    $157,220
    $246,409

    Comparable in this City

    • Value Estimation
      $1,200,000
      19,160 SF

      1320 Homestead Dr

      SHOPPING CENTER, STRIP CENTER • 19,160 SF
      1320 Homestead Dr, Lawton, OK 73505-5288
      View Details
    • Value Estimation by Request
      1,488 SF

      6301 Quannah Parker Trl

      SHOPPING CENTER, STRIP CENTER • 1,488 SF
      6301 Quannah Parker Trl, Lawton, OK 73505-1326
      View Details
    • Value Estimation by Request
      7,200 SF

      1340 53rd St

      SHOPPING CENTER, STRIP CENTER • 7,200 SF
      1340 53rd St, Lawton, OK 73505
      View Details
    • Value Estimation
      $515,000
      17,550 SF

      1901 Sheridan Rd

      SHOPPING CENTER, STRIP CENTER • 17,550 SF
      1901 Sheridan Rd, Lawton, OK 73505-3971
      View Details
    • Value Estimation by Request
      9,100 SF

      2922 Cache Rd

      SHOPPING CENTER, STRIP CENTER • 9,100 SF
      2922 Cache Rd, Lawton, OK 73505-3827
      View Details
    • Value Estimation by Request
      3,600 SF

      2812 Sheridan Rd

      SHOPPING CENTER, STRIP CENTER • 3,600 SF
      2812 Sheridan Rd, Lawton, OK 73505-2155
      View Details

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      11,629 SF

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      Turnkey Investment Property on Cache

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      Retail Development with Expansion Potential

      New retail development with existing tenants and expansion opportunity.
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      5,572 SF

      Fully Leased Strip Center

      High-traffic retail location with income and development potential.
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      40,374 SF

      Retail Strip Center For Sale

      Retail strip center with long-term and national tenants.
      4405 NW Cache Rd, Lawton, OK 73505
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      6,000 SF

      Lawton Strip Center Near Fort

      Strip center near Fort Sill Army installation in Lawton, Oklahoma.
      2515- NW 38Th St, Lawton, OK 73505
      View Details

    Similar Nearby for Lease

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      4,800 SF

      Retail Space in Erwin Acres

      4,800 SF retail space in busy shopping center.
      1222 NW Sheridan Rd, 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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      Lawton Retail and Restaurant Space

      Centrally located shopping center with spaces for retail and restaurants.
      3801 NW Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      2,275 SF

      Retail/Office Space Available

      Retail or office space in high-traffic shopping center.
      3414 NW Cache Rd, Lawton, OK 73505
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Lawton, OK

      Retail space available in Lawton, Oklahoma near major retailers.
      2136 NW 82Nd St, Lawton, OK 73505
      View Details
    • 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
    View Listing
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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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    2515- NW 38Th St, Lawton, OK, 73505
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