Technical
Financial
Distress signals
Property profile

2615 NW Sheridan Rd Lawton, OK 73505

FOR SALE
Strip malls
Property ID
US69-0454331
3,688 SF Built 1952
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This 1,800 square foot storefront located at 2615 NW Sheridan Rd, Lawton, OK 73505, is available for purchase at a reduced price of $140,000 ($77.78/sq ft). Currently operating as Carl's Military Surplus, a well-established business serving the Lawton community for nearly three decades, this retail space offers a strong foundation for continued success. The lease is a modified type, expiring October 29, 2025, with approximately 0.9 years remaining. The business specializes in providing affordable, high-quality military clothing and gear, including items for all branches of the U.S. Armed Forces. Inventory includes boots, PT shoes, army combat uniforms, multi-cam uniforms, and other standard military gear, as well as custom-made dog tags. This presents a unique opportunity for an investor or business owner seeking an established retail location in a thriving community. The property is situated in Comanche County, Oklahoma, offering excellent visibility and accessibility. This turnkey operation provides immediate income potential and a strong existing customer base. The asking price reflects a compelling investment opportunity in a well-established retail space with significant potential for growth. Serious inquiries are encouraged.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1952
Total area 3,688 SF
APN 17968
UPID US69-0454331

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store

Location

2615 NW Sheridan Rd Lawton, OK 73505
Lawton metro Census 100 LAWTON, OK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2022
Last sale
$222,500
1 recorded transaction
2022
$222,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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