Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3743 Lee Blvd Lawton, OK 73505

    • Commercial land
    • 6.33 lot acres
    For Sale
    View listing
    $517,493
    Last Sale
    Jul 01, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-1720998
    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

    • Commercial land

    Property Details for 3743 Lee Blvd

    Lot size
    6.33 lot acres
    Property type
    Commercial land
    APN
    100749
    APU
    100749

    Description

    This exceptional 1.98-acre commercial land parcel in Lawton, Oklahoma, presents a remarkable investment opportunity. Located at 3743 SW Lee Blvd, this property boasts a prime location adjacent to the new Walmart Market Place, ensuring high visibility and accessibility. The C-5 zoning allows for a variety of commercial uses, making it ideal for an office complex, car wash, or mini-storage facility. The land is priced at $517,493, translating to $5.25 per square foot. Its strategic position at the intersection of SW 38th Street and SW Lee Boulevard guarantees significant traffic exposure, maximizing potential for business success. The property's 1.98 acres offer ample space for development, and there's potential for expansion by combining it with an adjacent 4.28-acre parcel (Lot B, 1104 SW 38th St.), creating a combined 6.25 acres (more or less). This prime commercial land offers significant potential for growth and return on investment in a thriving Lawton, Oklahoma location. The property is situated in Comanche County, Oklahoma, with a zip code of 73505. This is a rare opportunity to acquire a highly desirable commercial property in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4394
    Latitude
    34.5946
    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
    $180
    $1,662
    $0.00
    $1,662
    -
    $952,660
    $0.00
    $952,660

    Comparable in this City

    • Value Estimation by Request

      4010 Oak Ave

      VACANT COMMERCIAL LAND
      4010 Oak Ave, Lawton, OK 73505-5100
      View Details
    • Value Estimation by Request
      1.76 Acres

      Lawton, OK 73505

      VACANT COMMERCIAL LAND • 1.76 Acres
      Lawton, OK 73505
      View Details
    • Value Estimation by Request
      6.78 Acres

      4th St

      VACANT COMMERCIAL LAND • 6.78 Acres
      4th St, Lawton, OK 73505
      View Details
    • Value Estimation by Request
      0.33 Acres

      Enterprise Pl

      VACANT COMMERCIAL LAND • 0.33 Acres
      Enterprise Pl, Lawton, OK 73505
      View Details
    • Value Estimation by Request
      0.44 Acres

      Enterprise Pl

      VACANT COMMERCIAL LAND • 0.44 Acres
      Enterprise Pl, Lawton, OK 73505
      View Details
    • Value Estimation by Request

      Enterprise Pl

      VACANT COMMERCIAL LAND
      Enterprise Pl, Lawton, OK 73505
      View Details

    Similar Nearby for Sale

    • $639,000

      Raw Land on NW Cache

      Raw land for sale in high-traffic, high-growth area.
      7601 NW Cache Rd, Lawton, OK 73505
      View Details
    • $1,282,406

      Raw Land For Sale

      7.36 acres of raw land with commercial potential.
      701 NW 38Th St, Lawton, OK 73505
      View Details
    • $375,000

      Land For Sale on Lee

      Over 3 acres of land on high-traffic Lee Boulevard.
      2610 SW Lee Blvd, Lawton, OK 73505
      View Details
    • $525,000

      Commercial Land on SW Lee

      4.55ac raw land ideal for commercial or office development.
      4888 SW Lee Blvd, Lawton, OK 73505
      View Details
    • $490,000

      Restaurant/Retail Land Parcel Available

      Land parcel available on high traffic road near retailers.
      807 NW Sheridan Rd, Lawton, OK 73505
      View Details
    • $349,000

      Corner Lots on High Traffic

      Two hard corner property lots with frontage on high traffic.
      1 NW 26Th St, Lawton, OK 73505
      View Details

    Similar Nearby for Lease

    • $425,000

      Commercial Lot on High-Traffic Corner

      Vacant commercial lot on Sheridan Rd, near Gore Blvd.
      111 SW Sheridan Rd, Lawton, OK 73505
      View Details
    • Contact for pricing

      Lawton Land for Mixed Use

      Land suitable for residential and commercial development in Lawton, OK.
      NW Compass Dr, Lawton, OK 73505
      View Details
    • Contact for pricing

      Prime Retail Land Opportunity

      Land for ground lease in Lawton's retail hub.
      1060 Northwest 38Th St, Lawton, OK 73505
      View Details
    • $1,150,000

      Retail Land for Lease

      1.52 acre retail pad available near Chick-Fil-A.
      NW 82Nd St, Lawton, OK 73505
      View Details
    • Contact for pricing

      Prime Commercial Land Lease Opportunity

      0.87 Acres, Build-to-Suit Available
      1200 67Th St, Lawton, OK 73505
      View Details
    • Contact for pricing

      Mixed-Use Acreage for Lease

      Large mixed-use acreage available for lease in Lawton, Oklahoma.
      SW Boyles Landing Rd, Lawton, OK 73505
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3743 Lee Blvd
    Lawton, OK 73505
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.