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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    304 Lee Blvd Lawton, OK 73501-5707

    • Retail space
    • 3,570 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0429241
    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.

    Current Use by Public Records

    • HyDemand / Cannabis Store
    • Vida Insurance / Insurance Agency

    Property Details for 304 Lee Blvd

    Year built
    1980
    Lot size
    0.16 lot acres
    Property size
    3,570 SF
    Property type
    Retail space
    APN
    45664
    APU
    45664

    Description

    This Lawton, Oklahoma property at 304 SW Lee Boulevard offers a versatile 3,570-square-foot space ideal for a variety of uses. The building, constructed in 1980 and extensively renovated in 2020, features a blend of warehouse and office/retail space. The warehouse component boasts two ground-level drive-in doors, electric power, and central heating and air conditioning. Three of the offices are equipped with mini-split systems. The combined warehouse and office/retail space is available for lease as a single unit. The minimum leasable area is 370 square feet, with a maximum contiguous space of 3,570 square feet. The property is zoned C-5 and sits on Lee Boulevard, near the intersection of 3rd Street, in Lawton, OK 73501. The single-story building includes one suite and benefits from a recently overlaid parking lot in excellent condition. Previously used as a retail showroom for an adjacent warehouse, this property presents a unique opportunity for businesses seeking a combined warehouse and office/retail solution. The property's recent renovations ensure it's in excellent condition and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $221,000
      Market price range: $222k - $517k
      AI Estimate
      $201,000
      Market price range: $169k - $539k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $360,000
      Current use
      COMMERCIAL (GENERAL)
      $495,000
      Change: +38% Conversion: Easy
      OFFICE BUILDING
      $390,000
      Change: +8% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.3924
    Latitude
    34.594
    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
    $1,202
    $2,756
    $8,363
    $11,119
    -
    $24,500
    $85,182
    $109,682

    Comparable in this City

    • Value Estimation by Request

      2nd St. & Gore Blvd

      Lifestyle centers
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      View Details
    • Value Estimation by Request
      1,460 SF

      320 11Th St

      Automotive properties • 1,460 SF
      320 11Th St, Lawton, OK 73501
      View Details
    • Value Estimation by Request
      4,200 SF

      1509-1511 Gore Blvd

      Individual retail properties • 4,200 SF
      1509-1511 Gore Blvd, Lawton, OK 73501
      View Details
    • Value Estimation
      $300,000
      3,675 SF

      605 Swe Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,675 SF
      605 Swe Ave, Lawton, OK 73501-4511
      View Details
    • Value Estimation
      $240,000
      1,200 SF

      1015 H Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      1015 H Ave, Lawton, OK 73501
      View Details
    • Value Estimation
      $280,000
      1,320 SF

      402 Lee Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,320 SF
      402 Lee Blvd, Lawton, OK 73501-5709
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $1,125 /Mo
      1,500 SF

      Retail Space on SW Lee

      1,500 SF retail space for lease on SW Lee.
      1311 SW Lee Blvd, Lawton, OK 73501
      View Details
    • $700,000
      5,066 SF

      Retail Property Near High-Traffic Intersection

      Retail property for sale or lease with high street visibility.
      2126 W Gore Blvd, Lawton, OK 73501
      View Details
    • Contact for pricing
      4,388 SF

      Lawton Retail Space in Central Mall

      Retail space for lease in Lawton's Central Mall.
      200 SW C Ave, Lawton, OK 73501
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    • $1,750 /Mo
      2,025 SF

      Retail/Office Suite For Lease

      Retail/office suite available for lease in Lawton, Oklahoma.
      1011 SW C Ave, Lawton, OK 73501
      View Details
    • $3,900 /Mo
      4,000 SF

      Remodeled Childcare Facility For Lease

      4,000 SF childcare facility available for lease.
      4460 SW Lee Blvd, Lawton, OK 73501
      View Details
    • $20,400
      25,000 SF

      Lawton Retail Space For Lease

      High-traffic location, ample parking. Ideal for multiple tenants.
      1313 Lee Blvd, Lawton, OK 73501
      View Details
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    304 Lee Blvd
    Lawton, OK 73501-5707
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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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