3112 Cache Rd Lawton, OK 73505-3828
Property Lookup
Property profile & analytics
3112 Cache Rd Lawton, OK 73505-3828
- Turn key restaurants
- 6,030 SF
- 1.47 lot acres
Property ID
US69-0039085
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.
Location Intelligence
Current Use by Public Records
- Jack in the box / Restaurant / Take-out & Catering
Property Details for 3112 Cache Rd
- Year built
- 1980
- Lot size
- 1.47 lot acres
- Property size
- 6,030 SF
- Property type
- Turn key restaurants
- APN
- 26878
- APU
- 26878
Description
This exceptional Lawton, OK investment opportunity presents a 6,350 square foot single-tenant retail building, formerly a Red Lobster restaurant. Located at 3112 NW Cache Rd, in the Lawton submarket of Comanche County, this property offers a compelling passive income stream. Originally constructed in 1980 and renovated in 2012, the building is currently vacant and ready for a new tenant. The property is classified as an absolute triple net (NNN) lease, meaning the tenant is responsible for all operating expenses, including property taxes, insurance, and maintenance. This structure presents a significant advantage for investors seeking minimal management responsibilities. The property boasts a strong historical performance, evidenced by its previous occupancy by a well-established restaurant chain. The attractive 7.5% capitalization rate, coupled with annual fixed 2% rent increases, ensures a stable and growing return on investment. This prime location in Lawton, Oklahoma, within the 73505 zip code, offers excellent visibility and accessibility, making it an ideal investment for discerning buyers seeking a high-yield, low-maintenance commercial property. The building's size and layout are well-suited for a variety of restaurant or retail uses, providing flexibility for future tenants. This is a rare opportunity to acquire a well-maintained, historically successful property in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,625,000
- ML approach
- $3,430,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,734,000
Market price range: $558k - $2.73M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lawton
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.4316
- Latitude
- 34.6227
- 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
$38,938
$115,260
$244,810
$360,070
-
$1,024,531
$2,176,087
$3,200,618
