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    5 22nd St Lawton, OK 73507-7410
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    5 22nd St Lawton, OK 73507-7410

    View on Map
    • Office buildings
    • 6,696 SF
    Off-Market
    Last Sale Jun 26, 2024
    Property ID
    US69-0732805
    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
    $835,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 5 22nd St

    Year built
    1993
    Property size
    6,696 SF
    Property type
    Office buildings
    APN
    88879
    APU
    88879

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $770,000
      Market price range: $401k - $1.18M
      AI Estimate
      $903,000
      Market price range: $493k - $1.27M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $770,000
      Current use
      COMMERCIAL (GENERAL)
      $930,000
      Change: +20% Conversion: Easy
      RETAIL STORES
      $675,000
      Change: -13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.3615
    Latitude
    34.6098
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      1901 Bell Ave

      OFFICE BUILDING • 2,340 SF
      1901 Bell Ave, Lawton, OK 73507-6318
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      1,824 SF

      1222 Cache Rd

      OFFICE BUILDING • 1,824 SF
      1222 Cache Rd, Lawton, OK 73507-4036
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    • Value Estimation by Request
      1,458 SF

      1216 Ferris Ave

      OFFICE BUILDING • 1,458 SF
      1216 Ferris Ave, Lawton, OK 73507-6565
      View Details
    • Value Estimation by Request
      1,360 SF

      1907 Cache Rd

      OFFICE BUILDING • 1,360 SF
      1907 Cache Rd, Lawton, OK 73507-4521
      View Details
    • Value Estimation by Request
      5,697 SF

      1154 Cache Rd

      OFFICE BUILDING • 5,697 SF
      1154 Cache Rd, Lawton, OK 73507
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,971 SF

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    • $139,900
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      Lawton Office/Retail Building For Sale

      Versatile building suitable for office or retail use.
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      10,400 SF

      Commercial Lot For Sale

      Commercial lot in high-traffic area, great for retail.
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      6,680 SF

      Mixed-Use Property with Office Space

      Mixed-use property with office space, large parking, high traffic.
      1217 NW Cache Rd, Lawton, OK 73507
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    • $78,000
      Pending

      Lawton Duplex Investment Opportunity

      Two-story duplex in Lawton, Oklahoma, ideal for investment.
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      9,048 SF

      Operational Motel For Sale

      Fully equipped motel for sale and redevelopment opportunity.
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    Similar Nearby for Lease

    • Contact for pricing

      Office Building with Classroom/Conference Room

      Office building featuring multiple offices and a classroom/conference room.
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    • Contact for pricing
      4,950 SF

      Office/Retail Building at Corner Location

      Office/retail building with ample parking and high traffic count.
      1801 NW Cache Rd, Lawton, OK 73507
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      Office Space on High-Traffic Corner

      Office space for lease with redevelopment and excellent signage.
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      665 SF

      Lawton Office Suites Available

      Two 665 SF office suites available for lease.
      1930 NW Ferris Ave, Lawton, OK 73507
      View Details
    • Contact for pricing
      1,287 SF

      Office Space on Lawton Avenue

      Lease available: 1,287 SF office space with recent renovations.
      1602 NW Lawton Ave, Lawton, OK 73507
      View Details
    • Contact for pricing

      Historical Building in Redevelopment Area

      Freestanding ±8,020 SF building in shell condition for flexible use.
      201 NW Dearborn Ave, Lawton, OK 73507
      View Details
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    5 22nd St
    Lawton, OK 73507-7410
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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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