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    SW 2Nd St Lawton, OK 73501
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    SW 2Nd St Lawton, OK 73501

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    • Commercial land
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    Downtown Lawton Land Parcels For Sale
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    Downtown Lawton Land Parcels

    Two land parcels available in Lawton's Downtown Center.

    SW 2nd St, Lawton, OK 73501
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    Property ID
    US69-0179821
    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 land

    Property Details for SW 2Nd St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    2 Land Parcels for Sale in Lawton's Downtown Center Part 2. Lot 8, Block 1 is ±10.94acres Corner Lot and Has 963 Feet of Frontage on Ferris Avenue and 497 Feet of Frontage on Nw 2nd St. Lot 3 Block 1 is ±3.4 Acres With 452 Feet of Frontage on North Railroad St. Both Parcels Are Ready for Development and Sit on Either Side of Lawton's Downtown Center Plaza. Nearby Businesses Include Kohls, Joann Fabrics, Dicks Sporting Goods, Ulta, Bed Bath and Beyond, Dollar Tree, and the Hilton Garden Inn.

    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
    -98.390732
    Latitude
    34.610001

    Comparable in this City

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      Raw Land on Flower Mound

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      Raw Land For Sale

      Land available for commercial or private development near I-44.
      1081 SW Coombs Rd, Lawton, OK 73501
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      Vacant Commercial Land For Sale

      Vacant commercial land available for sale.
      1301 SW 2Nd St, Lawton, OK 73501
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      Retail Land at Hard Corner

      0.64ac parcel near I-44 and industrial district.
      307 SW Lee Blvd, Lawton, OK 73501
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      Commercial Land For Sale

      Commercial land available on the southeast corner of 5th.
      562 SW Lee Blvd, Lawton, OK 73501
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      Commercial Lots in Lawton, OK

      Nine commercial lots totaling 4.22 acres in Lawton, Oklahoma.
      17 SW 13Th St, Lawton, OK 73501
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    Similar Nearby for Sale

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      Raw Land on Flower Mound

      Raw land with utilities, suitable for private or commercial development.
      1102 SE Flower Mound Rd, Lawton, OK 73501
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      Raw Land For Sale

      Land available for commercial or private development near I-44.
      1081 SW Coombs Rd, Lawton, OK 73501
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      Vacant Commercial Land For Sale

      Vacant commercial land available for sale.
      1301 SW 2Nd St, Lawton, OK 73501
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      Retail Land at Hard Corner

      0.64ac parcel near I-44 and industrial district.
      307 SW Lee Blvd, Lawton, OK 73501
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      Commercial Land For Sale

      Commercial land available on the southeast corner of 5th.
      562 SW Lee Blvd, Lawton, OK 73501
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      Commercial Lots in Lawton, OK

      Nine commercial lots totaling 4.22 acres in Lawton, Oklahoma.
      17 SW 13Th St, Lawton, OK 73501
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    Similar Nearby for Lease

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      6,000 SF

      Industrial Warehouse on Large Lot

      6,000 SF warehouse on 8.06 acres near I-44.
      1610 SW 2Nd St, Lawton, OK 73501
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      Furnished Office Space Available

      Furnished office space in a retrofitted bank building.
      1 SW 11Th St, Lawton, OK 73501
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      420 SF

      Renovated Office Space Available

      Full-service lease, renovated with 24-hour access in Lawton, OK.
      608 SW D Ave, Lawton, OK 73501
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      5,500 SF

      Lamplighter Plaza Office/Retail Space

      5,500 SF office/retail space in Lamplighter Plaza.
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      1302 SW 2nd St, Lawton, OK 73501

      Industrial properties
      1302 SW 2Nd St, Lawton, OK 73501
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      8,000 SF

      Lawton Industrial Warehouse with Paint Booth

      8,000 SF warehouse with paint booth and fenced yard.
      1015 SE 2Nd St, Lawton, OK 73501
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    SW 2Nd St
    Lawton, OK 73501
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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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